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Comment by paige linn on September 12, 2008 at 8:19

Intrepid,
[1] Do you know a landman and phone number for Cabot in Shelby or SA county.
[2] Do you know the names and locations of the two Devon wells north of the Shelby and SA county lines

Comment by intrepid on September 10, 2008 at 12:30

They are just across the line in Shelby county. Cabot is developing the James Lime in their County Line Field located on the Shelby-SA county line and the wells I am interested in are two Devon wells just north of there.

Comment by JWC on September 10, 2008 at 3:46

Hey intrepid, where are the wells located? Are they in SA County?

Comment by intrepid on September 10, 2008 at 3:00

Lessor, after a well is completed how long does it normally take to start getting data on the RR comm. website? I am watching two wells and one has had the rig removed but still no data posted. The rig hands say it's a 'good well'.

Comment by Lessor on September 8, 2008 at 13:24

Hey guys, thanks for the kind words. You are appreciated as well, as I am not there to see what is going on, on the ground. These test wells will tell the tale shortly. It will go either way in due time as these things go through their initial production tests. Pray, cross your fingers, your eyes and your legs! If I hear anything else I will holler.

Comment by farmbrad on September 8, 2008 at 10:02

FYI.....I heard word of mouth that Penn Virginia O&G was in SA offering $7500 p/acre. Not true, I contacted their Houston office & they have no interest at this time in SA county, only Harrison & a few others where they already have a position.

Comment by JWC on September 7, 2008 at 1:13

Lessor, I appreciate your input as well. The O&G companies haven't gone anywhere. They are still around. I did notice a couple of wells permitted to 16,000 ft in San Augustine county. One on the north end of the county and one on the southern end of the county. These may tell the tale for San Augustine.

Comment by jffree1 on September 6, 2008 at 18:46

Lessor, Your input is appreciated. I had a conversation with a lady who has been talking to every leasing outfit in San Augustine and Sabine Counties since late June and she was puzzled about why Devon came in here (Hemphill) like gang busters offering 5K an acre when folks were lining up to lease at 1500.00...and of course she was pleased that they did.
My notion is that they wanted to blow all the flippers and little guys out of the water, get their areas of interest leased up in a short time and get a well or two permitted, without having to jockey back and forth for position amongst all the lower offers (which is extremely time consuming).
Coming in with top dollar (at that time) put all the LOs on their call sheets so they could just pick out what they want AND set the bonus standard, for the short term.
At last tally, there are just four majors in Hemphill:
Devon, Crimson, EOG and Eagle. As far as I know Devon is still the only one making initial offers of 5K.
I have heard that PH, Encanna and Cabot are in SA county. I know for sure that Cabot picked up some leases in Sa Co. from PXP (My cousin got an option letter from them)...
Do you know who else is in San Augustine?

Comment by Lessor on September 6, 2008 at 15:04

Hey Guys I do legal work for an independent in the Barnett Shale and currently am working on a unit which was leased back in 2006. At that time we leased at $2000/acre. Now they want $25K plus, so you do the math. Time is money as far as we should all be concerned. They are not drilling 16,000 test wells so they can fail. Be patient. Jffree good call...

Comment by jffree1 on September 5, 2008 at 14:04

Iknow, I know...that's all I've heard for two months now, from every one. And it is maddening to think about NOT getting leased right away. I have to remind myself to be happy for the folks who are getting a lease early on. And I try to keep in mind that the bonus money may get much better from here on out....We need that well data!

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