Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on March 28, 2010 at 9:54

There is zero Haynesville Shale in Union Parish. There is Haynesville Sand but the difference, especially as it applies to fair market lease offers, is huge. Please refer to recent discussions on the Claiborne and Webster Group pages or in the Arkansas Group for verification and information on applicable current lease offers.

Permalink Reply by Mary Alison Anders Knighton on April 27, 2010 at 12:35

Im new to this. I believe I have brown dense with Limestone. It is different..from what I have been told.

Permalink Reply by Mary Alison Anders Knighton on April 27, 2010 at 12:38

I have been approached by JC Petroleum and PineBelt

Permalink Reply by Skip Peel - Mineral Consultant on March 28, 2010 at 10:59

JT. My response is specific to the Haynesville Shale. I'll be happy to tell you this: There are no known unconventional reservoir plays in your area so nothing pertaining to the Haynesville Shale leasing has any relevance. You have twisted my comments, and those of others, to imply that there is "nothing of value" in your area. I have not said or intimated that. Nor have I seen anyone else do so. I, and they, have simply stated that the Haynesville zone in your area is Sand. I have posted unit apps and other factual development related information in the parish group pages to help those members know what is factual, not rumor. I have no personal or professional stake in your area. I am an independent ;landman and do not work for E&P companies. I advise landowners regarding leasing minerals prospective for the HS. And no JT, I can't trust you as you do not deal in facts, only paranoia.

Permalink Reply by Skip Peel - Mineral Consultant on March 28, 2010 at 13:40

I deal in facts and provide means to verify. When I post unit or well information, it can be verified on SONRIS Lite. I have stated numerous times, verifiable in the GHS archives, that I do not deal in non-HS minerals or areas not prospective for the HS. I have no personal or professional reason to give anything other than factual information. For those who suspect some industry conspiracy, I have provided specific steps on how to investigate and substantiate if that is the case. No one has ever followed those suggestions, as it would definitively terminate their opportunity to assert an industry conspiracy. I will offer the following basic mineral owner counsel: 1) The Shale or any leasing facts related to it have absolutely no relation to conventional hydrocarbon development in far north LA. (ask Aubrey if you care to disagree, JT). 2) There are a number of "conventional reservoir" possibilities in north LA./south AR., 3) The cost to produce a mcf of nat gas from a conventional reservoir is generally significantly greater than that from an unconventional source., 3) In periods of depressed nat gas prices, exploration and production activity tends to favor plays of low cost (unconventional) plays, and high cost (conventional) plays see little if any development activity. Where mineral owners in N. LA. and S. AR. have an opportunity is in conventional reservoirs that produce oil or NGL (Natural Gas Liquids). The drawback with those conventional reservoirs is that they are not productive across large, contiguous aerial extents ( as the shale is). The impressive bonus offers in the HS Play are due to that contiguous nature (few, or no, dry holes). In conventional plays the risk of dry holes is much greater. Any one who cares to do a little research can confirm that my assertions are in line with the industry and those who cover and report on it. Of course, it is a possibility that they and I are complicit in a grand conspiracy to cheat mineral owners. I'll gladly leave that to the opinion of the members. My bottom line is this, all mineral owners should seek out information (thank you Keith) and then make their own assessment of what to believe. I will take no offense from those who disagree or prefer to consider me an agent provocateur for the big, bad O&G industry. I will continue to provide assistance for members to learn how to use SONRIS Lite and SONRIS Classic for those who care to deal in facts. And will answer all questions and provide counsel in line with what I provide for my paying land/mineral clients. I wish for every mineral owner to make informed decisions regarding their mineral estate. I do not mind taking a little flak in the process.

Permalink Reply by BirdDawg, plain ole' idiot on March 28, 2010 at 14:13

J.T., Skip, et al,
The Hayneville Shale does not exist in the area of this discussion. I know you both know that. But to assume that having Haynesville Sand possibility means that you can get Haynesville Shale lease bonuses is an absolute ridiculous premise. Get real, get in touch with reality, and please realize that Skip is giving you good advice.
Do you want a well? If you do, you have to be in touch with reality.
The Haynesville SAND and the Smackover, and maybe other sands, may be productive in this area.
Do not expect Haynesville Shale lease bonuses in this area.
If you want a well, be realistic.

Permalink Reply by BirdDawg, plain ole' idiot on March 28, 2010 at 14:54

JT,
I agree that Union and northern Claiborne Parishes have great potential.
And please believe me when I say that I hope for all the best.
But the lease bonus/recoverable gas and or oil amounts have to work for an oil and gas company to explore in any area. I am not being a naysayer, but these areas are very speculative.
All I am saying is that landowners/mineralowners have to be realistic to get a well drilled in their area.

Permalink Reply by The_Baron on March 30, 2010 at 3:36

JT,

I will by no means tell you to "give away" anything. However, as more acreage is tied up and HBP, Operators will look to unproven or unexpolored ares. You need to keep in mind the substantial risk we take in a wildcat.

The allure of a lower bonuses/rentals/ and royalties may be the only driving force in encouraging an Operator to attempt a wildcat in an area with little data or infrastructure. Maybe you are sitting on a gold mine, maybe not... You just need to keep in mind the substantial cost and risk we take in exploring a new prospect.

If the prospect is not attractive enough, Operators will move on to one that is.

Just because CHK is sniffing around does not mean you are sitting on the next big thing. CHK is a large company, that has publically anounced that they will begin looking for unconventioanl sources of oil,in addition to gas. Mostly because gas prices are so low.

They, and other large companies could drill many prospects before they find anything at all. Just look at the mess EOG got into in Miller County. I have not checked prices on stainless pipe lately, but is not cheap. The well they drilled was so dry it was lucky the rig wasn't sucked down the hole.

Somtimes you just need to deceide what you want more, a big bonus and royalty or do you want the chance to actually see a well drilled?

Thats my two cents...

Permalink Reply by judy hastedt on April 5, 2010 at 6:43

so Miller Co. is kaput??? i know the title searchers moved out of texarkana last august or so. they're not coming back?????// darn judy

Permalink Reply by The_Baron on April 22, 2010 at 9:18

After the disaterous well they drilled, I bet they ran out as fast a spossible.

Permalink Reply by Don on April 27, 2010 at 13:18

We have been offered $200 an acre with a 4/4 lease and 3/16. 400 plus acres just west north west of Bernice.

Permalink Reply by Don on April 27, 2010 at 14:44

Sorry,that should read just east north east of Bernice.

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