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Comment by William W. Lynn on March 16, 2009 at 2:45

JT....the well on the Lowry estate on Alt 2 came in a few weeks back. It was a real high pressure well and apparently posed some safety issues.
I was told that the drilling company closed the well with concrete until
the new pipeline is in place, then it will be opened again and put into production. Another drill site a couple or three miles southwest of there near the Claiborne Parish line (and almost backing up to my little postage stamp size property) is being worked as I type this. When I hear anything about that weill, I will let you know. One of the hot shot drivers told me that he had been told to prepare for a lot of extra work between now and June. Apparently a lot of leases will end about then and if a well is not in place, the lease is voided and the bonus money would have been wasted. I'm four hundred miles away, but it makes sense to me.

Comment by William W. Lynn on January 12, 2009 at 16:40

Had an interesting phone discussion with my tenant down in Bernice. He works with various drilling companies and gets around to a lot of well sites. He mentioned that a new gas well drilling site is being prepared in far western Union Parish north of Hwy 2, and south of Alt. 2. There is a road called Weldon Church Road connecting those two roads, and this site is maybe a mile north of La. 2 and just west of the blacktop road.
The property is the Louis Hurst estate, which is pretty close to my little spot across the line in Claiborne Parish, and even closer to our little Union Parish property. If this well comes in, it might set off some activity in the surrounding area.

Comment by callie sexton on December 31, 2008 at 5:11

Thanks so much W. W. for your response and information. I live in Bossier and an acutely aware or the prices offered here in the past few months for haynesville shale---up to $25,000 per acre in some locations. But, now the bubble has burst and offerings are down to $8-10 K. Still a far cry from $250/acre. I have read some postings and know there is good activity in Claiborne and south Ark aslo. I do think the offerings will go up if people can wait it out. Again, thanks for the reply---will contine to check this out. Callie

Comment by William W. Lynn on December 31, 2008 at 4:55

Hey, Callie....when I saw your name, I wondered if it might be Callie Minter. It's been many, many years since I last saw you. Glad you are checking in here. It's a good place to keep up with the current goings on.
Right now it looks like two and a half per acre might be the going price, but compared to the huge lease offerings of this past spring and summer for leases just west of us, it seems pretty pitiful. If you are like me and wondering where your next Big Mac is coming from, you might take the money and run. If you can afford to hold out until the next round of leasing, which many of us think will happen, then chances are pretty good that you might get a much better offer. Sometimes it seems like this leasing game is like going to the casino....do you hold at 17 or tell the dealer to hit you with another card???? You should probably look through the archive postings and try to get some idea of how each side is positioning themselves. Then ask questions....lots of questions. Then be very cautious of who answers those questions and be aware of which side of the discussion they are one. It's good to hear from another of the old BHS crowd....seems like there's not that many of us left any more.
William W. Lynn
BHS 64

Comment by callie sexton on December 31, 2008 at 3:28

Have been approaached by Manna---offer is $250 per acre with 25% royality. I would appreciate any information from anybody relative to the current market in Union Parish---thanks, Callie Minter Sexton

Comment by North LA on December 22, 2008 at 5:58

You're right. They are both conventional plays with the target formation being the Smackover. Of these wells, the one's that were productive produced both oil and gas. The Haynesville formation in our area is described as a red shale. I don't know what that means and I don't know if it's productive. The bossier shale is there and there is a cotton valley shale. Those may both be productive but who knows?

Comment by North LA on December 22, 2008 at 4:39

lilliemud2.tif

JT,

Go to page 7 on this one.

Comment by North LA on December 22, 2008 at 4:23

junctioncity.tif

JT,

Here is a driller's log from a well 2 miles south of Junciton City from the 50s. Go to page 5

Comment by North LA on December 22, 2008 at 3:58

I don't know JT but I'm trying to find out. I'll try to find some other logs in the area and post them for you to look at.

Comment by North LA on December 21, 2008 at 13:57

lilliemud.tif

J.T.
Here is a mud log on page 18 of the above link. It was taken from a Smackover well in the Lillie field about 1 mile from my land. The mud log shows that it is unlikely that the HS is beneath our land. Where the shale should be you have listed "Red shale, lime, sand streaks". I don't know what that means but I know the HS around NWLA is dark black. I'm going to start a new thread on the main board titled mud logs so I can try to learn more.

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