We have some decent acreage in northern DeSoto with the hourglass already ticking on a 3 year lease. How soon can we expect to see some serious progress? 3 years isn't very long and these companies have spent a lot of money just acquiring the acreage, so I'm assuming they have sufficient motivation to get right on it...right?
Depends on neighbors (in my humble opinion) - what they are leasing for - how far is drill site - where are you located in the 640 acre square - and a million more factors I have no idea.
You can bank on that the Drilling Co.'s are going to make the most money THEY can for the least expense.
I'm expecting (in my case) somewhere between 3 and 20 years!