The easiest means to get a quick read on what conveyance documents, including O&G leases, have been recorded with the Clerk of Court is to flip through the "Day Book". In most offices the Day Book is a binder with a listing of the documents that were recorded each day. Since leases are normally recorded in batches, you may have to review the last 30 days to see how many are being recorded, by what company and hopefully the S-T-R. If no S-T-R is included, just write down some of the instrument numbers. I usually do first, last and one or more in between depending on the approximate total number. The staff in Clerk's offices are normally quite helpful especially if you are a resident or land owner within the parish. Walk right in and ask if they maintain a day book. Be sure to take a note pad and pen. If the S-T-R is not listed for each lease, ask the staff to show you how to use a computer terminal to access copies of the leases by instrument number. If you do look at the actual leases you will not see specific bonus payments but you will see the royalty and lease term. If stock lease forms are being used, there will be a name andnumber for that particular lease form usually found in the upper left corner of the first page. The Exhibit "A" page contains lease terms that are in addition to the standard form. This is where clauses that protect the land/mineral owner are normally found. No cost royalty, horizontal and vertical Pugh, no surface ops, etc. The leases are public record so you may make a copy of one if you wish. Let me know if you need any further assistance. I don't get to Arcadia often and it's nice to know activity is picking up in Bienville.
Catfish. I imagine the Petrohawk offers I mention were for one or more specific sections. Not for a wider area. But, yep, you are right. When the Hawk starts making those types of short term offers, they have plans to begin development in the near future. The amount of the bonus offers could very well indicate some level of competition from other operators. That would be a good development.
Hey, Catfish. I haven't had any work in the Bossier Clerk of Court's records lately so I am not up to speed on current leasing activity in 18N - 12W. Chesapeake's May 19 unit application for Sections 13-16 in 18N - 12W, Petrohawk's June 23 application for Section 19 in 18N -12W and EOG's July 7 application for Sections 1-4 in 17N - 12W would seem to indicate their is a good level of activity. And maybe a little competition for leasehold. Some of the better recent leasing offers I have heard from contacts have been in this area and south. When Petrohawk starts offering $5K/acre for a one year lease or $10K/acre for a two year lease, that gets my attention. If ng prices would improve, I suspect this area of the play would get interesting very quickly.
Catfish. Well logs are on file at the Shreveport District office of the Dept. of Natural Resources at the state office building on Fairfied Ave. in Shreveport, 6th floor. I don't deal with logs in my business but a number have been posted to the site so they may be available on-line from the Department. I suggest you ask some of the other members. Les B., Shalegeo, etc.
Catfish. Two good wells to examine. Both a recent enough and by capable operators who most probably have good logs. At the Samson well (221798) is a CV well with perfs from 10,308 to 10,658, the TD of 11,500' almost certainly penetrated the HA zone. If you could get the logs and post them, I bet Shalegeo would comment on them. However, I will point out that both Conoco Phillips and Samson Contour are capable of Haynesville Shale development and, IMO, would have applied for drilling and production units in the Ada Field prior to now if they thought the shale was present in some commercially producible form and net thickness.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More