We now have 4288 acres leased in Northern Caddo and 324 in Bossier. We know that Conoco hit a well in Northern Caddo with about 350 feet of pay. However, up until this point the offers have been in the 4-6K an acre range which is not what the land is worth. Cheasapeake has apparently sent landmen in to the area so it is just a matter of time...
Andrew
We now have 4288 acres leased in Northern Caddo and 324 in Bossier. We know that Conoco hit a well in Northern Caddo with about 350 feet of pay. However, up until this point the offers have been in the 4-6K an acre range which is not what the land is worth. Cheasapeake has apparently sent landmen in to the area so it is just a matter of time...
Sep 8, 2008