Replies to This Discussion

Permalink Reply by RR on March 6, 2014 at 3:43

I'm still holding out hope that something might happen in Union County.  I bought 80 acres there and 40 in Union Parish two years ago speculating on the brown dense.  The land in union parish is in sec 1 21n 2w and the primary lease runs out mar 9.  As of this time SWN has not exercised its option for an additional 4 years, unless they mistakenly sent the check to the guy who owned it at the time of the lease.  I may just own timberland, ha.

Permalink Reply by Skip Peel - Mineral Consultant on March 6, 2014 at 3:59

I think your Union Parish tract is in a reasonably prospective area.  It may be more of interest to WLL than to SWN.  We should know this year.

Permalink Reply by RR on March 6, 2014 at 4:17

Hope so Skip.  At least I received a little pipeline right of way money from it!

Permalink Reply by obed w odom on March 19, 2014 at 9:17

This hardly rates a new discussion and it is not a rumor, but this seems as good a place as any to put it. For the first time in more than two years my SWN stock is worth more than I paid for it. I won't get rich on this, but it's better than losing money. Don't know if the recent run-up  has anything to do with the Union Parish activity or not.

Permalink Reply by Skip Peel - Mineral Consultant on March 19, 2014 at 10:48

Congratulations.  Probably the Niobrara.

Permalink Reply by Matthew Kable on March 19, 2014 at 10:53

Congratulations.  I share your joy.

Permalink Reply by william mitcham on March 21, 2014 at 8:06

I sold mine Wednesday, but I'm more a trader than an investor & SWN often has some wide swings from

day to day.  Hope we all come out for the better!

Permalink Reply by Doug Boone on March 28, 2014 at 4:06

SWN is tendering shut in payments for the Garrett well.  Does anybody know whether they have made any serious efforts to build a pipeline? Does anyone have an opinion as to whether you can hold a lease by shut in payments for a well that apparently is   being used as a science project without making a good faith effort to hook it up?

Permalink Reply by landman on March 28, 2014 at 4:10

what do the leases say?

Permalink Reply by Doug Boone on March 28, 2014 at 4:13

It allows shut in payments to hold a lease wherein there is a lack of market.

Permalink Reply by landman on March 28, 2014 at 4:14

I think to make any sort of call on this, one would have to see the entire document.  What is the lessor's objection to being paid shut ins?

Permalink Reply by Skip Peel - Mineral Consultant on March 28, 2014 at 4:17

Shut in payments hold the lease in force as long as allowed by the specific language in the lease regardless of whether it's a science project or not.  The fact that SWN is willing to make shut in payments should be encouraging since the alternative is to plug & abandon the well.

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