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Comment by jffree1 on November 5, 2008 at 10:31

That article on "East Texas" is mostly about Cabot's budget. There have been several posts just lately that stemmed from Cabot's latest conference call. There should be a transcript of the call available soon, if it's not already.
In one of those posts it was stated that Cabot believe's that while the Haynesville may thin down the further west you go, the Bossier is upwards of 1000' thick in some areas and loaded with gas. In their opinion, it makes no difference what you call it, it is all the same formation and the gas is there and they are going after it.

Comment by jffree1 on November 5, 2008 at 10:02

If you guys don't look at the East Texas page regularly you might want to go read the article about Cabots budget for 2008/2009. It had some very interesting opinions from Cabot re: Haynesville/Bossier formations and stated that they will spend around 600 million (90% of budget) in '09 in East Texas and in the Marcellus Shale.

landowner Comment by smithsee on November 5, 2008 at 9:59

I have 150 acres in San Augustine County, I have been approched about leasing the property, but am unsure about this process. Just seeking some advice. Property around me has been leased. I have been told that the amounts may go up in 2009 from the 5000.00 an acre that have been offered. I have also been told that due to the economy, we may not see high prices again. How do you determine what the best price would be for your property?

Oil & Gas Pro Comment by ogmladvisor on November 4, 2008 at 19:06

Lessor, or anyone else that might know: any updates on the deep test taking place in SA County?

landowner Comment by JWC on November 4, 2008 at 14:35

We need a few more of these in San Augustine County jffree1. Good well data is picking up.

Comment by jffree1 on November 4, 2008 at 13:44

East Texas Drilling Report 11-02-08

San Augustine County

The Timberstar Well No. 3 is 11.8 miles southeast of Center in the Angie Field. Cabot Oil & Gas Corp. has completed the well to 11,955 feet. On a 64/64-inch choke it potentialed 9.363 million cf of gas per day. Production is in the James Lime formation.

landowner Comment by JWC on November 3, 2008 at 6:00

When they penetrate a zone what do they do? What does that mean.

landowner Comment by ALongview on November 3, 2008 at 5:51

JWC, That is what it looks like.

landowner Comment by JWC on November 3, 2008 at 5:22

From that map does it appear there are several Haynesville penetrations south of 103?

landowner Comment by ALongview on November 2, 2008 at 19:21

Intrepid, I highly doubt they are unloading anything on to some investors and feel like it will be better capitalized o&g co's that would likely buy it. If you go to their website and look at the closed transactions you will see names like Encana, Exco, St Mary , Anadarko, etc. who have utilized this broker to do deals on large acreage postions in many areas around the country. I found the site late and couldn't access the data section to see about the 200' of shale. If anyone would care to comment on that part of it I would certainly be interested to hear.

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