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Comment by Lessor on November 17, 2008 at 15:02

Please refer to the following link:

http://www.cabotog.com/pdf/111308_pres.pdf

This might help put things in perspective. Cabot has a completed Haynesville Test well near the Katherine Von Goetz #4. Check out the Bank of America presentation on Cabot's website. Check out the County LIne information. Check out the 2009 budget for the Gulf Coast portion. We now have bona fide Haynesville well in San Augustine County. Information is not even near sketchy at this point, but it's coming. BE PATIENT. We should hear something very soon. From what I have gathered, it is not bad news, not at all. It is the end of the year. Yearly leasing budgets are almost depleted if not already. They (any company) want to sign you for peanuts. Things have temporarily changed economically , but the success of this Haynesville well will equalize or undo that. Watch what happens after the announcement of this well.

Comment by Norwood, W on November 17, 2008 at 14:40

WOW sounds like they're cheating you...

Comment by intrepid on November 16, 2008 at 16:42

No activity I could find for Shelby-San Augustine counties in the East Texas Drilling reports this week. Anyone else find anything new?

Comment by jffree1 on November 12, 2008 at 14:07

Submitted 09/22/2008 Approved 10/04/2008 671581 405-30240 CABOT OIL & GAS CORPORATION (121700) JOHN OGLESBEE, JR. 1H 06 SAN AUGUSTINE Horizontal New Drill - 9000 Approved

CABOT O & G/HOUSTON 9000' JOHN OGLESBEE JR #1 H DW HELMERICH & PAYNE/T 244 11/09/08 MOVING ON

Comment by jffree1 on November 12, 2008 at 14:03

Submitted 08/29/2008 Approved 09/17/2008 670198 405-30237 FOSSIL RESOURCES, INC. (278844) COWBOYS GAS UNIT 1 06 SAN AUGUSTINE Vertical New Drill - 14000 Approved

1 FOSSIL RESOURCES 14000' COWBOYS GAS UNIT #1 DW PATRIOT DRILLING/M 5 (Spudded) 10/04/08 35 (days) DRLG AHEAD 10543

Comment by jffree1 on November 12, 2008 at 13:58

Submitted 10/23/2008 Approved 10/28/2008 673779 405-30246 COMMON RESOURCES L.L.C. (169727) RED RIVER 164 1 06 SAN AUGUSTINE Vertical New Drill - 15000 Approved

Submitted 11/05/2008 674478 405-30247 ENERQUEST CORPORATION (252059) JARVIS 1 06 SAN AUGUSTINE Vertical New Drill - 11500 Drilling Permit

Submitted 11/06/2008 674559 SOUTHWESTERN ENERGY PROD. CO. (806668) TIMBERSTAR-MILLS B 6H 06 SAN AUGUSTINE Horizontal New Drill - 7800 Mapping

Submitted 11/10/2008 674733 XTO ENERGY INC. (945936) TURPIN GAS UNIT 1H 06 SAN AUGUSTINE Horizontal New Drill - 15500 Mapping

Comment by intrepid on November 12, 2008 at 11:17

Hello, Shelly! Just some activity as posted already. Mostly Cabot in SA-Shelby but some others also drilling wells. Good to see you still checking in.

Comment by intrepid on November 9, 2008 at 14:31

Thanks, ogmladvisor. That makes sense. Of the wells I've watched it's around a year from the date permitted to the time I've seen the completion reprted in the East Texas Drilling reports. Funny thing is, I still have not found any output info on these wells reported to the TRRC.

Comment by ogmladvisor on November 9, 2008 at 10:18

I don't have that kind of information, not sure it would do us any good if I did. Since the reasons for a permitted well not getting drilled are various, it would be hard to compare one situation to another. More often than not, I would say the wells get drilled once permitted - I was just pointing out the difference between a well that has been permitted to drill, and a well that has actually spud. As mentioned before, let's hope they all get drilled!

Comment by intrepid on November 9, 2008 at 7:52

ogmladvisor, good point you made about permitted wells vs. completed wells. Can you find how many have been permitted but not started in the last 12-18 months in Shelby or San Augustine county. What is a reasonable time frame from permit to start to completion? Overall, in Texas, is there data on how many wells are permitted but never drilled?
Thanks for your perspective.

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