Laurie

Join us over at the Shelby Co. group.

Hi Laurine, I am from San Augustine Tx. I have really enjoyed this site and all the folks on it. Well anyway i just waited to Welcome you..... Take Care! Shelley

Laurie, You have a Merry Christmas and Happy New Year!!!

Welcome to the Shelby Co. group! Don't be shy about asking questions.

You're welcome, Laurie. A lot of others are in the same boat. We all have a lot to learn. Just read and ask questions when you have one. Almost everyone here tries to help as much as possible.

Is Your property is out tenesee rd? I have property both east of you and west of 1970. T.S. Dudley is doing leasing for Petrohawk (reputable company) How close are you to the new horizontal wells? I am a mineral owner only. Not afiliated with any O&G. You can call me on my cell 713-724-0534 and I'll be happy to answer any questions. I organized the mineral owner awareness meeting in timpson back during the summer.

Laurie, you are in a very, very good area. how many acres or mineral acres are you on and have any of your neighbors not leased yet.

they are probably going to start on a well or at least scratch the dirt around to try to hold the lease depending on how your lease is written ie options etc. . Or they may intend to top lease (lease it again) before the other lease expires so nobody else can. Either way it is good for you. I would be ready with a revised lease incase they try. Be careful, if they send you a check or draft then they can tie you up without actually doing another lease. Look for better % royalty 25% or more and as much bonus as you think you can get.

Remember, you are the seller and they are the buyer. They have to decide where the best place available to drill is and where they can put together enough acreage to make a unit. How they can get pipeline to the wells and on and on. The guy you talk to on the phone (landman) has no idea of any of this. All he usually knows is a circle drawn on his map and find all the rightful mineral owners in the circle or as many as he can. Sometimes this takes years and sometimes hours. Either way all you need to do is be very polite and helpful, ask any questions you may have, and when you get an offer make sure the terms and language of the lease is the best you think you can get. Hope for a reputable company. The more acreage you have the better off you are. If you have enough for a unit yourself then you are in good shape and can make a better deal. If you are unsure get professional help. I would never sign a lease without taking it to an o&g lawyer. if you do it will cost you dearly. one word , one phrase will cost you thousands of dollars for years to come.

Just dropping by to say hello. Have one "shale" of a day. Also, there some new profile questions. Check those out by clicking HERE. We are also coming up on our 10,000th member. Be sure to celebrate with me. Click HERE for more about that.

Hi Laurie -- Haven't heard much more lately. I spoke to my lawyer last week -- and she said that Samson was clearing up some titles on property before they do anything -- not sure what that really means though. A few weeks ago Petrohawk was putting up stakes all over -- but now have stopped.

The only pipeline I have heard of here was Samson buying up 8 miles of easements for a pipeline towards Timpson to flow the Larcie #1 to.

I did tell my lawyer to try to get Samson to lease the minerals on my
road with stipulations on it that would not allow them to use my road for anything, haven't heard anything back yet. That would stop them from using my road and any company that might happen to buy out Samson's interest would be bound by the lease.

If I hear anything else --I'll let you know.

I think the 'slowdown' is due to the low price of NG right now. Since your lease expires it would seem they would want to drill so you would be held by production. Do you really want your gas sold at $3-$4 when it will be $6-7or $8 later? I'll let you know about anything I hear.

Hi Laurie. No, nothing new. As of 12-11it was listed as still drilling.

Laurie, Are your minerals still unleased? Has Petrohawk contacted you lately? Or lease expired in Dec 09 with Pinkston who was in a working agreement with Petrohawk. The landman for Pinkston is calling again wanting to release. Not sure we want to. I think our minerals are near each other. Just wondering.

LJW