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Comment by Trainman on October 9, 2008 at 9:53

Found this article (Oil/gas experts advise: Landowners be smart, cautious). Thought you all might be interested. Article says Haynesville Shale wells produce 10 - 15 times better than typical wells. He says convential drilling is an "educated guess" with a 1 in 20 chance of finding oil. However, "...a resource play, such as Haynesville Shale, involves virtually no risk." Advises to get an Attorney.

http://www.nwlanews.com/index.php?option=com_content&task=view&id=9897&Itemid=57

Comment by Jason on October 8, 2008 at 18:20

Does anybody know who is leasing in southeast Rusk County near the Shelby County line?

Comment by Trainman on October 7, 2008 at 22:46

I am located about 6 miles west of Mt Enterprise, Tx (Rusk County). Chesapeake (I think) has offered me $250/acre for three years and $150/acre for a 2 year option and 3/16 royalty. This sounds rediculously low. What is the going rate for this area?

Comment by adubu on September 5, 2008 at 6:59

question for eastexas 12 what area and survey is PetroHawk offering $3000/25% for lease. Which direction from Mt. Enterprise?

Comment by easttexas12 on September 4, 2008 at 12:59

Last I heard in Rusk county PetroHawk is offering bonus of $3000 an acre & 25%. There's a smaller company named Encore out of Fort Worth offering $3500 an acre around Mt. Enterprise I've been told.
This is in the embryonic stage however.

Comment by John E Bromberg on September 4, 2008 at 11:56

Do you know the current market terms for bonus, royalty and term?
Thanks

Comment by easttexas12 on September 2, 2008 at 10:43

Here's a permitted well to the Haynesville Shale in Freestone County. Do they like me posting this, NO! lol:

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=STEWARD&univDocNo=485239436

Comment by jay on August 27, 2008 at 8:22

Can anyone tell me if there is any drilling activity in the Overton area? I heard a few things about activity in the New London area. I understand that drilling is going to happen in old well locations that were drilled in the 70's to 80's. Please let me know what you know....

Thanks.

Comment by easttexas12 on August 26, 2008 at 12:51

Forest oil is permitting a well to the Haynesville Shale 4 miles west of Henderson Tx.

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=HINSON%2BGAS%2BUNIT%2BNO.%2B1&univDocNo=485247973

Comment by Lee Norman on August 26, 2008 at 11:37

New members should read the following report and excerpts
http://www.gohaynesvilleshale.com/forum/topic/show?id=2117179%3ATopic%3A101031

To except some key points, Chesapeake says the HS is 3,000,000 acres. They know where the boundaries are. The shale on average is 220 ft deep. Each square mile has 180 BCF of gas. Current technology says they can recover 52 BCF of gas per square mile. That is 29% of the gas that is there. At $8 per Mcf of gas, they can recover $650,000 per acre. They expect 8 wells per square mile. That is 1 well per 80 acres. That is $52,000,000 of gas recovered per well at current technology and current prices.

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