Add a Comment

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.

Comment by Norwood, W on November 2, 2008 at 18:49

Can anyone tell with that small map in the PDF if Z Redmond is included in the Eagle Stone Acreage. Our family's land has Eagle Oil and Gas as our gas guys and nothing has come of it.

Comment by intrepid on November 2, 2008 at 18:04

Do you think it's a good deal or are they trying to unload something on some 'investors'?

Comment by ALongview on November 2, 2008 at 16:55

You all will have to cut and paste this pdf as I can't get a direct link. It involves Eagle oil and gas selling its resources in SA and Sabine Counties. The map is interesting as It shows a haynesville penetration in Sabine county and many, including penetrations farther south than I have heard, in SA county. Also the details read that in the highlighted area on the map have an approximate shale thickness of 200'. http://www.energyspectrum.com/admin/data/upload/Asset_Summary_and_CA.pdf

Comment by intrepid on November 2, 2008 at 16:27

ALongview, considering that a 640 ac unit would cost almost $3-4 million just to lease even at the lower rate of $5-6,000 per ac. I don't see them leasing just to hold it at that rate. Maybe I'm wrong.

Comment by JWC on November 2, 2008 at 13:22

I talked to a guy with Cabot a few weeks back. He told me our land was just a little bit south of where they were leasing. He also told me that if I had been there a couple of weeks earlier they possibly would have been interested. I think the area just south of 103 will pick up at some point. I just don't have any idea when. Like I said earlier land north, east, south and west of me has leased. I certainly don't look for anything to break before late January or early February.

Comment by ALongview on November 2, 2008 at 11:53

JWC or anyone else that wants to jump in, What are the expectations of the southern part of the county? 1000's of acres are under lease by some big time companies according to the county records going back to 2005 and up to the present. Encana, Devon, Cabot all have large positions but nothing on the books wells except one way to the SE of Broaddus that was discussed earlier.
on another note a landman for Cabot told us last week that they weren't planning on doing anything on 5 yr leases they hold N of 103????? Why lease up 1000's of acres and then state that you didn't really have good "early test info" on the area. My searches don't show any wells being drilled, so are they talking about some other testing that can't be done prior to leasing? Isn't there some sort of research done prior to obtaining all this acreage that would have given tham an idea as to how it would produce prior to spending the millions of $ it took to lease. This is just a few miles south of the town so I don't understand how it could be out of the realm of possibilty that this area would contain gas considering what Cabot has been doing W and NW of town. Is this just a tactic to keep lease bonuses low or is this standard practice?

Comment by JWC on November 2, 2008 at 8:38

Good well. Seems the northern part of SA County is really good. Now we just need a good well somewhere south of 103.

Comment by intrepid on November 2, 2008 at 3:47

Another good completion for Cabot in SA/Shelby Co's:
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.

Sounds like a really good well to me.

Comment by intrepid on November 2, 2008 at 3:43

Some good info on development in SA county. Anyone have interests in these areas?
San Augustine County

In a lease 6 miles northwest of San Augustine, in the Angie (James Lime) Field, the Jacquelyn Bright Gas Unit Well No. 2H will be drilled by Cabot Oil & Gas. This well will hit 9,000 feet in the Holman, S Survey, A-135.


Cabot Oil & Gas will drill the John Oglesbee, Jr. Well No. 2H in the Angie (James Lime) Field. This well is 4.3 miles northwest of San Augustine in the Cartwright, T Survey, A-85 to 8,500 feet.

• ‹ Previous
• 1
• …
• 68
• 69
• 70
• 71
• 72
• …
• 80
• Next ›
• Page