Shelby,
I've been out of pocket for a few days but just discovered something that I think is what all of us in Southwest Desoto have been hoping for. Comstock had its conference call on Tuesday. They said that they started drilling a horizontal well on Aug, 4 in their Toledo North holdings below us in Southwest Desoto parish near Sabine parish. If you go to their website (www.comstockresources.com), click on presentations, you can listen to the CC and download the pdf. to see where this well is being drilled. This may take some time for the well to be finished and ip rates to come in, but I think that good results will justify a higher royalty for us.
I still haven't heard from my landman (woman). I really think they are playing games at this point. They think that we will run scared and call them and accept a lower rate. Well, I'm not playing that game. I would rather keep my minerals and have nothing than let them have them for WAY less than they are worth.
The CEO of Chesapeake in their cc Friday called $30,000 "chump change" as far as leases go for this play and what they stand to gain. I'll keep you posted on anything else I find/hear.
BTW, A friend of mine has a husband that works for Nomack drilling and she SWEARS that he says there is oil below the Hanesville. So, there may be a story within the story.
Found out where this well is. Sec 7 10n 14w(serial #238186) There is another one (horizontal) permitted in Sec 12 10n 15w (serial #238212). This is closer to us than the proposed horizontal well north of Logansport. I think this one South of us will affect us more if it is positive.
lanadan Ds3
I've been out of pocket for a few days but just discovered something that I think is what all of us in Southwest Desoto have been hoping for. Comstock had its conference call on Tuesday. They said that they started drilling a horizontal well on Aug, 4 in their Toledo North holdings below us in Southwest Desoto parish near Sabine parish. If you go to their website (www.comstockresources.com), click on presentations, you can listen to the CC and download the pdf. to see where this well is being drilled. This may take some time for the well to be finished and ip rates to come in, but I think that good results will justify a higher royalty for us.
I still haven't heard from my landman (woman). I really think they are playing games at this point. They think that we will run scared and call them and accept a lower rate. Well, I'm not playing that game. I would rather keep my minerals and have nothing than let them have them for WAY less than they are worth.
The CEO of Chesapeake in their cc Friday called $30,000 "chump change" as far as leases go for this play and what they stand to gain. I'll keep you posted on anything else I find/hear.
BTW, A friend of mine has a husband that works for Nomack drilling and she SWEARS that he says there is oil below the Hanesville. So, there may be a story within the story.
Aug 8, 2008
lanadan Ds3
Aug 8, 2008
lanadan Ds3
Nov 28, 2008