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Comment by JWC on September 5, 2008 at 11:03

You are probably right jffree. Chesapeake called me and told me our land was not in their area of interest right now but may be later. We are just a little south of 103 off fm 705.

Comment by jffree1 on September 5, 2008 at 6:50

Things are pretty quiet, at the moment, in both San Augustine and Sabine Counties. I hear the O&Gs are working on well units and that they will not go knocking on doors or calling anyone unless they have land that is need to finish up a unit. They are trying to get the leases done so they can get well permits.
That is a good thing for us. We need good well data to stimulate more interest in these counties. This area is totally undeveloped as to Haynesville Shale and so they have set the lease bonus at 5-6K an acre. It won't increase without stimuli.
None of the O&Gs want to stick their necks out too far without being pretty certain that they will get the desired return on the huge expense of drilling a HS well. We just have to wait for that to happen, hope like H*** they get the desired results, and go on from there.

The Barnette Shale did not develope over night. It has taken years of drilling for them to determine where the sweet spots are, what the boundaries are and so on. The lease offers have not always been as high as they are now. They increased as the Play matured and people became aware of what they had under their land.
Just like the Barnette, this play will take time to develope. Nothing is known for sure about the southern or western boundaries. It may take Shelby, Panola and Rusk counties growing to a saturation point in the drilling for the O&GS to move out into the more questionable areas of the play.
That is also a good thing for us. As the boundaries expand so will the bonus offers. Just be patient and keep an eye on those well reports when they start coming out.

Comment by JWC on August 31, 2008 at 11:57

Best I have heard of in SA County is 5K @ 1/4. That was South of 103 a little ways and East of 705. Anyone have any idea how far South into SA County they think the play goes? I haven't even heard a rumor....

Comment by jffree1 on August 31, 2008 at 7:52

Here's an update on the Sept. 23 Seminar...
According to John Toner, Sabine County Extension Service Agent, it will be at the San Augustine County Fairgrounds with Bar-B-Q from 5-6 PM and the seminar will be from 6 til 9 or 9:30 PM.
You should call John Toner (409-787-3752) or the San Augustine County Agent (I'm sorry, I don't have the name or phone # yet) to express your interest in attending (get on the list) and you will pay at the door.
Registration fee is $15.00 per person and will include the BBQ. Make checks payable to Sabine County 4H Horse Club.
It is also posted under "EVENTS" on the main page.

Comment by Lessor on August 31, 2008 at 7:26

My best thus far is $5K @ 1/4th, but I expect that to change after a couple of test wells have been completed which will be within a month or two.

Comment by O&G Landman on August 31, 2008 at 6:17

extremely recently I have heard of appraisers estimating $6,500/ acre in San Augustine county!!

Comment by Lessor on August 30, 2008 at 13:41

I have mineral interests in San Augustine, Shelby, Nacogdoches, and other counties which I have inherited. I have been a landman for 27 years and counting and will help in any way I can. I can tell you it will be us against them at this point. Give me your feedback.

Comment by Keith Mauck (Site Publisher) on August 29, 2008 at 3:36

Somebody should post in the events on the main page.

Comment by jffree1 on August 27, 2008 at 11:07

Forgive me...I get excited.

Shalers, take EVERY opportunity to educate yourselves on the process that, hopefully, will put bonus money in your bank account and royalty checks in your mailbox.

This is one of those opportunites...

Comment by jffree1 on August 27, 2008 at 10:37

ETL...That meeting is a mineral rights seminar by Judon Fambrough of Tx A & M real estate dept.
It is Sept. 23 in San Augustine at the Livestock Arena.
Dinner at 6:00 $15.00 per head
Seminar at 7:00 FREE

I think those times are correct. If I find out different I will post it.
This seminar is a repeat of the one held in Center in July and should be very informative to those who have never been through the lease process, those who want to know more about how the lease companies put together a well unit & how royalties are figured or for those who want to go through the process without blinders on (trusting that the good old landman would never give them a BAD LEASE to sign).
And it will help clarify lease terms that everyone in this play needs to know about so they don't get stuck (HBP) in a lease that gives away the farm, the cow AND all the milk.

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