Replies to This Discussion

Permalink Reply by RBH on October 18, 2009 at 15:05

http://news.p2es.com/default.aspx?vid=38&gid=37&_kk=haynesv...

link to see number of leases by county/parish since 12-2008

Permalink Reply by A.C.123 on December 2, 2009 at 10:51

Our family has a lease coming up - 45 acres between Joaquin and Teneha south of 84. What are the offers going for these days. The company that has the lease offered 1000 and 20% for renewal for 3 yrs with a 2 year option.

Permalink Reply by Laurie on December 3, 2009 at 8:52

Do you mind telling us who is making the offer. I also have property coming available (50acres). Thanks...

Permalink Reply by A.C.123 on December 3, 2009 at 12:49

Key

Permalink Reply by jffree1 on December 3, 2009 at 13:28

I would suggest that you research whoever is making offers. I didn't find a horizontal completion for Key before going back to 1995.

Permalink Reply by RBH on December 3, 2009 at 13:33

looked on drillinginfo--looks like Chesapeake wasleases in area--but quit leasing. Key predomoninant leasing in area discussed. Some Samson leases also

Permalink Reply by TLVgas on December 3, 2009 at 13:33

Can they sale the contract to Devon?

Permalink Reply by jffree1 on December 3, 2009 at 13:45

Sure they can. But I would rather lease with a co. like Devon, who can drill deep horizontals, than I would with someone who has no experience and will most likely try to sell the deep rights for more money.
Why would you want them (Key) in the middle of your deal? They will HBP your minerals with a shallow vertical well and profit at your expense on the deep rights unless you get a depth clause. If you sign at 20% that leaves a possible 5% or so on the table for them on the deep rights...
If you want to take a deal with Key, get a vertical Pugh and be specific as to what depths you are leasing to them and what you are not.

Permalink Reply by Alamo on December 3, 2009 at 17:36

jffree,
Great advice, couldn't have been stated it any better. Until the market improves there are all kind of thugs scheming this "play". It may be a play to them, but its a very serious business to most mineral owners. Those cons are always looking to mine your property for 2 per cent, 3 per cent or more.

As Attorney Judon Fambrough in the Texas Real Estate Center at Texas A&M University advises that a mineral owner is a partner/lessor in the leasing process and needs to be treated as such.The idea that you don't count and have no negotiating power is ludicrous.

Tudor Pickering, the oil and gas market experts in Houston expect gas prices to average $7.00 in 2010---about 45 per cent higher than today's price. If HR 1835 and S.1408 will ever get acted on in the Congress---which Boone Pickens believes will happen in the US House this year---we ought to see a quick rebound. There's overwhelming support in the House. The Senate's stance looks favorable with Bob Menendez (D-NJ), Orrin Hatch (R-UT) and Majority Leader Harry Reid (D-NV) all sponsoring the Senate version. Help on that legislation won't come from Big Oil. Those outfits buy crude by the tanker load and fund Islamic terrorism with our American dollars---what a bunch of racketeers.

If anyone on GoHaynesville Shale hasn't signed on to the Pickens Plan, doing so will add momentum to passing those congressional bills which all of us involved in the natural gas industry need big time. What a market for NG if and when America starts driving on CNG Let the Arabs drink their crude.

Permalink Reply by JC on December 3, 2009 at 3:41

AC 123, that is the money that I have heard in the last few weeks. But know someone who just signed lease for 2 yrs and no option, 5 yrs is a long time, if they want it force them to come get.

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