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Comment by JWC on November 5, 2009 at 2:47

WOW..wouldn't it be something if the entire counties of San Augustine and Sabine were hot spots?

Comment by jffree1 on November 5, 2009 at 2:38

I agree. Encana has acreage extending to near the south boudaries of San Augustine and Sabine. They leased Temple-Inland last year.

Comment by JWC on November 5, 2009 at 2:29

Could be Encana. They did a lot of leasing for 5k an acre south of SA last summer.

Comment by ogmladvisor on November 4, 2009 at 15:49

EnCana

Comment by JWC on November 4, 2009 at 5:03

So who will be the next company to drill even farther South than the Kardell well? Any ideas?

Comment by JWC on November 3, 2009 at 13:24

Your welcome Cheerleader. You know if you go back to some of JE's early posts they mentioned how the Southern part of the play would be deeper, but better. They really talked up the Southern part of the play early.

Comment by jffree1 on November 3, 2009 at 11:41

E & E posted a discussion on the main page about a rumored 39,000.00/ac that was supposed to have been paid last year. No one has verified it but it has been suggested that it may have been a state auction and that it could have included a drill site. I would not begin to think that we will get offers like that in East Texas. Too many people STILL happy to sign up at 500.00/ac.

Comment by Cheerleader on November 3, 2009 at 11:30

And some of you guys have doubted Jurassic Explorations. Well...pardon the pun..they have been right so far.
Thanks JWC. I looked this morning but could not find any reference to the Devon well. The earthquake scenario is news..to me anyway.
Does anyone have any references for Desota Parish, La. bonus amounts for this year??? State leases or individual???

Comment by JWC on November 3, 2009 at 2:29

I just had to post this from Jurassic Expl.

The price of leases left to be leased or to be bought from others holding leases will go higher now because of the huge Devon well in San Augustine County, Texas. Prices could go as high as $30,000 - $50,000 /acre because that is the price that has been paid in Desota Parish,La this year. That Parish doesn't have all the payzones that are present in Sabine, San Augustine and Shelby Counties of Texas. The earthquakes in the area that busted up this haynesville shale and the other formations above it back in 1847-1999 should get most of the credit as to this huge well. There were several that measured above 5 on the richter scale in this area. One could argue this, but you better do your homework first. Almost all of the major oil and gas fields in Texas are present where earthquake's have been recorded to date with a 5 or greater on the richter scale.

Comment by jffree1 on November 1, 2009 at 7:54

Does anyone have an idea what the decline rate and EUR are on a James Lime well?

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