The theme of this week is Snake-Oil Salesman and making enemies.

I love it!

The O&G people are trying to keep all of us in the dark......... so thanks Haynesville for keeping us informed!

Go Haynesville Shale. O&G companies ought to thank their lucky stars that they are dealing with private landowners in states like LA & Tx. In Utah, Colorado, NM etc majority of the ground is BLM controlled. These leases are sealed bids going to the highest bidder, hostile environmental groups breathing down their necks, hundreds of miles from gathering stations. If the O& G companies can easily afford to build hundred plus million dollar pipelines they can darn sure afford to pay market prices and treat private land owners with respect.

Got any more signs? I will be willing to put one on my car ... if you pay me! I currently travel bare minimum 2-3 hours per day and usually park in well lighted areas. If I get paid, I would even be willing to park in unusual places, like the geek squad car in front of Best Buy! Hee hee... ($$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$)

You can never shine too much light on a new subject. Especially if it concerns the possibility of some income for all of us. I haven't found any other impartial information on the internet that is specifically for our area, so I thank you very much.

When it comes to money the buzzards circle. I reminded one TC landman
that they did have a friendly advertisement in the paper. Were his comments
in line with the "sharing" concept. Naturally, I did not get a response.

Thank you for your excellent work!

I'm waiting for them to come on down my way..I live in northeast sabine parish and would love to see some of that golden money..haha hee hee..
how does it work? The oil companies have someone do research at the tax assessors office or clerks of courts and they decide whose land they want to lease or buy? Do they basically buy up the land that has the largest acreage of land or is there something they do to determine where the oil/gas might be? I am not up on all this stuff so if anybody could explain it to me, I would be much appreciative..

I was approached over two years ago by Petrohawk regarding a Landsman to enter property passed on from my grandmother and grandfather in Logansport/Desoto Parish. Close to 100 acres. Offered $1500.00 per acre to come on the property during a three year period. 3/16 royalty. Lease expires in nine months, thus far no wells or royalties coming to me. Curious if anyone has any insight to what is transpiring at Part of NW/4, Section 13: T11N-R16W. Thanks much.

thumbalina, regarding your question of the methodology driving the mineral leasing process it generally works like this:
Seismic surveys are conducted and then interpreted by geophysicists. That information is reviewed by geologists and a decision is made to lease property overlying trends developed by those initial studies. Assignments go out to land men or women to ascertain the owners of the mineral interest, get in contact with those owners and negotiate leases for a sufficient number of acres to see if the area possesses commercial amounts of oil or gas (or both). Next a drilling contractor is hired to drlll a test well to confirm if the productive capacity is commercially viable or not. If this well (or wells) have commercial potential there will be additional wells drilled to determine the perimiters of the "field" or productive area. And it's probable that additional acres will be leased iin order to gain control of the largest area of proven production.

But well before a mineral owner is ever contacted, the oil and gas people have a definite area that they wish to explore. It is hardly the risky "hit and miss" business that it was in the early days of wildcatting. With the sophisticated subsurface mapping technologies in place today, coupled with equally sophisticated drilling and completion methodologies, it has become much more a money game requiring huge amounts of capital. It takes money, lots of it, to get in the "game", but the payoffs are huge. It is not at all unusual for competent oil and gas operators to have a drilling success ratio near 100 percent--meaning that nearly every well results in commercial production.

Mineral owners need to keep all of this in mind when beginnng lease negotiations. That landman isn't there to help you and he didn't contact you without a compelling reason to have done so. Good luck and remember do not give those potentially very valuable minerals away. Keep reading and keep in touch and by all means ask any questions you have.

I had planned to email and thank you so very much for this wonderful, and
very much needed website that you have established, and now I really
would like to thank you. That lady must not own land and may be irritated
about that too!!!!
Breeland

I do not attribute to conspiracy that easily explained by stupidity. The current crop of Oil & Gas people are selling a dream upstream to uninformed investors. If you get a chance pick up a book called "Funny Money". It's about financing these ventures.
First, the huge bonuses paid for "resource" plays are not "oil companies". They are speculators who are flipping these deals to what is commonly referred to as "mullets"...and the man doing the hawking of the deal is basically a pigeon stalker.
Among the very very few professionals left in the biz, are down right crooks.
Thumbalina asks the right question. How do they decide whose land to lease? Well the truth is they don't have a clue. They are just a bunch of clods chasing a big company like Chesapeake who is equally clueless. The average geologist at CHK is about 25 years old and totally without the kind of mentoring and experience that really finds oil.
These "resource plays" are not about finding gas. They are about making deals and selling MLPs (Multiple Limited Partnerships a.k.a. - Magic Little Pills) to wealthy Chinese who made their money selling crap to Wal-Mart that you all stand in line to buy...
The real oil men are sitting back and taking it all in. They are not leasing and never will be able to lease at $3000/acre. The shallow deals they do, which actually establish Long term reserves, cannot support them unless they do the same thing as CHK...hawk the stuff off onto the back of investors. How many BILLION dollars worth of deals has CHK sold in the past few weeks? A bunch. Did you ever ask yourself why you would find such a big bunch of gas, then sell it off after tooting your own horn? ??? Because the money is in the deal not the ground.
They just as well could hire a blind man with a forked peach limb to "find" Haynseville shale gas...they don't need geologists except to give their hokie deals some dignity that they don't deserve.

So the activity in the Barnett Shale around Ft. Worth is all imaginary? Wow. That well in South Bossier must be spewing 16.8 million cubic feet of hot air each day.

Thank you, Haynesville, and every one else who takes the time to participate, for this informative site! What goes around, comes around, so I am confident you will be blessed for having been a blessing to so many others.