Replies to This Discussion

Permalink Reply by Missy on July 9, 2010 at 14:50

Gosh Darn,
I checked Sonris and noted the wells. One has a PHBL in Sec. 22 and the other one in Sec. 27. I wonder is this lease bonus amount of $400. is low?

Permalink Reply by Missy on July 10, 2010 at 7:11

Gosh Thanks!!

Permalink Reply by Hicksbaugh Ltd. on July 11, 2010 at 9:25

I have some land in that section, as well. I was approached earlier in the year by a company called Endeavor; I believe that is the outfit that has drilled the well in the section. I recall their offer being in the $1000 to $2000 per acre range with a 22.5% royalty. They never called me after the initial conversation, so I guess that is still in the air. Do you know the company that has made the offer?

Permalink Reply by Missy on July 12, 2010 at 3:13

Hicksbaugh,
She mentioned Endeavor Energy. We didn't talk long since she was only offering 25% royalty. I need to go back to SONRIS and check out the well.

Permalink Reply by Missy on July 16, 2010 at 10:07

Hicksbaugh Ltd,
The Company trying to lease is infact, Endeavor Energy. They did go up to 22.5% but the bonus is still low, at $600.00. Landman is also telling me that all other interested parties have agreed to this offer. The lease is a standarad lease but just a little different than the ones I have signed with other companies.

Permalink Reply by wlt on July 17, 2010 at 2:39

Missy,
I'm sure someone was paid 1500 an acre in section 16 for 160 acres by Endeavor. The royalty % was the same. They are getting ready to frac the well that is already drilled in your section 22 and section 27. It seems crazy to be leasing after the well is drilled. Word is both these wells look good --have good shale and pressures-- and have laterals that are a mile long.

Permalink Reply by Missy on July 18, 2010 at 12:12

wlt,
Thanks for the info. If I want to see this well, how do I get to it from say Bossier City or Haughton?

Permalink Reply by wlt on July 18, 2010 at 16:27

They just put a gate up so you cant get to either well right now unless you went in on a four wheeler or happened to catch the gate open. If you pass Calumet refinery and go approximatly three miles there will be a seperator on the right with a road right next to it go down that road for a mile and you will run into the gate. I own some minerals in the section 27 well that are unleased also. It won't be long until they frac these wells. I would say in the next 2 or three weeks. I'll keep you posted. Im in the area daily .

Permalink Reply by Missy on July 19, 2010 at 3:10

wlt,
I appreciate it.

Permalink Reply by wlt on August 2, 2010 at 2:49

Fracing equipment showing up on location. Looks like they are rigging up on the section 27 well first.

Permalink Reply by Missy on August 10, 2010 at 16:50

wlt,
Thanks for the update. Look forward to more.

Permalink Reply by Missy on October 12, 2010 at 15:02

wlt,
Any news on the progress of the well in section 22?

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