February 2009 Blog Posts (34)

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Minerals and Royalty: Or, What Did I Just Sell to That Guy?

Now that NAPE has been over for a couple of weeks, and the hangover(s) and short week after Mardi Gras has come to an end, I figured I would address a topic that has come up on more than a few occasions in various discussions on GHS, and seems to have been revived again in the wake of the latest mass mailings from mineral and royalty brokers.



I should probably mention here that my area of discussion, and the state in which I predominantly work is Louisiana. No knocks to the Texas and… Continue

Added by Dion Warr, CPL on February 28, 2009 at 11:30 — 3 Comments

2/27/08 Update

Shalers,



Hope you all had a good week. If you have a Twitter account follow me at www.twitter.com/Haynesville. If you do facebook, check us out at http://www.facebook.com/people/Go-Haynesville-Shale/1275740515. With the evolving landscape of leasing practices, it is now more important than ever to let your friends and family know about GoHaynesvilleShale.com. Get them plugged in.



FEATURED DISCUSSIONS:



1. “Twin Cities No Longer does Group… Continue

Added by Keith Mauck (Site Publisher) on February 27, 2009 at 8:41 — No Comments

Leasing is Like A Box of Chocolates

This Gas Leasing Stuff: For Every Move There is a Counter



As most of you know or have heard, Twin Cities has decided to only negotiate with individuals abandoning their previous policy of working with coalition groups. Beyond the additional issues of forsaking relationships which had been developed, and what seems to be a tendency to play loose with their commitments (a PR nightmare), as a private company, they are permitted to implement any policy they desire. But, surely they… Continue

Added by Cooter on February 27, 2009 at 4:31 — 3 Comments

Interstate Oil & Gas Compact Commission Resolution to Keep Chemicals Secret

Urging Congress Not to Remove Exemption Of Hydraulic Fracturing From Provisions Of



The Safe Drinking Water Act
That’s right folks! Big Oil is asking Congress to continue letting them be the only industry in America that is allowed to inject known toxic and cancer causing chemicals into our drinking water.



The Cliff Notes… Continue

Added by TXsharon on February 26, 2009 at 12:31 — No Comments

This is a warning to all who will heed.

I guess I need to start out by saying, “I did not want to do this”. I can’t type and do not even like to write that much, but I hate liars and cheats even more. I was raised and taught that a man is only as good as his word. When two people came to an agreement and gave their word on a deal, then they were bound by honor to see it through to the end. That is one of the reasons I am doing all of this. Secondly; it is also a warning to all who will read this that J.W. Porter & associates L.… Continue

Added by charles on February 26, 2009 at 11:24 — 13 Comments

EXCO Resources

Louisiana



By OGJ editors

HOUSTON, Feb. 25 -- EXCO Resources Inc., Dallas, completed its first Haynesville shale horizontal well in northwest Louisiana in December 2008.



The Oden 30H-6 in DeSoto Parish flowed at an initial rate of 22.9 MMcfd of gas and produced 1 bcf in its first 64 days on production. It was making more than 12 MMcfd in late February. EXCO's interest is 100%.



EXCO spud its second and third operated horizontal wells late in the year. It has… Continue

Added by RAZORBACK on February 26, 2009 at 7:49 — No Comments

Can I Be Shut Out of a Gas Unit?

If I don't lease to a company in East Texas, and they drill a gas well they tell me that I will be shut out of the production and will not receive any royalties.
I heard that in some states that I would receive 100% of my royalties, but they say that in Texas, I would not receive any percentage.
Is this true?
If it, is, then I would have to lase for a small bonus.
Please respond, I need your help.

Added by DT on February 26, 2009 at 6:53 — 1 Comment

LOCAL ECONOMIC STIMULUS PACKAGE

REFINANCING BARGAINS.



Some people complain about what is, or may be, done for homeowners in trouble. While worrying about someone else getting "theirs" unfairly, don't forget to look at what you can get yourself. If you qualify under good old fashion lending practices, you should be able to get rates @ around 5.0% for a 30 year loan. Like a lot of things rates are very volatile right now, so if this is something worthwhile for your circumstances don’t put it off.



If you… Continue

Added by Bobi Carr ("parker") on February 26, 2009 at 4:15 — No Comments

More Economic Stimulus - The Devil is in the Details

Or in several cases I should say the Angel. These are some sweet credits we are all paying to get. I'll take last weeks list and expand on what we know so far.



1. Nothing that I have been able to locate yet that will directly impact HS money, like tax breaks for that type of income.

Still nothing new here.



2. People on unemployment will receive an extra $25 a week, a longer time to draw benefits, and the first $2400 will be tax exempt on their federal… Continue

Added by Kathy Morgan on February 25, 2009 at 9:09 — 1 Comment

T. Boone Pickens on C-Span at the Governors Convention

Has anyone seen this? If you haven't you need to. He is really letting the Governors know that they need to back Natural Gas, Wind and Solar.
Also, he discusses a conversation that he had with President Obama.
This convention was interesting.
Hope that all will join T. Boone Pickens website.
Hopefully he will/can help to make a difference.

Added by little ole 1st grade teacher on February 25, 2009 at 5:27 — No Comments

Royalty Payments?

If a gas lease does not specify how soon royalty payments will start after production, does an O&G company have a time limit in which to make the first payment? (This is in Caddo Parish, La.)

Added by E.D. Barnett on February 23, 2009 at 14:21 — 2 Comments

What Happens After Seismic Testing

A crew has been conducting Seismic testing on our family land north of Spring Ridge as well as on neighbor's land. Does this mean that they are close to putting a well in? if so, does anyone know how long it takes from the seismic testing phase to well drilling?

Added by JeffNParis on February 22, 2009 at 9:57 — 2 Comments

Officials Suggest Gas Drilling Technique is Safe, Then Acknowledge Lack of Evidence

NY State Admits Ignoring Threat to City’s Drinking Water



Well Duh! Like I said: If hydraulic fracturing is so damn safe, why does Big Oil need exemptions?

In two documents released last October and earlier this month, the Department of Environmental Conservation declared that it “does not…find a significant environmental impact…
Continue

Added by TXsharon on February 20, 2009 at 13:50 — 11 Comments

2009 Economic Stimulus Package and Your Taxes

Here is an overview of what the new Economic Stimulus package is going to mean to your taxes. Please remember that there are a lot of specifics that haven't been announced yet, so these are mostly generalizations.

1. Nothing that I have been able to locate yet that will directly impact HS money, like tax breaks for that type of income.

2. People on unemployment will receive an extra $25 a week, a longer time to draw benefits, and the first $2400 will be tax exempt on their federal… Continue

Added by Kathy Morgan on February 20, 2009 at 11:02 — 4 Comments

Repost Caddo Resources

Caddo Resources

Does anyone know the differences between Caddo Resources LLC, Caddo Resources GP, Caddo Resources LP and Caddo Resources Inc? I know that Richard McFarland was President of one and Rex Corey Jr is President of several others. Is there a connection between all of them? Caddo Resources LP (Rex Corey Jr) sold Goodrich Petrolem land for 32 million dollars. Has anyone had any dealings with either Richard McFarland or Rex Corey Jr? What about Delta Interest Inc out of Marshall,… Continue

Added by Oil Girl on February 20, 2009 at 8:42 — 1 Comment

2/20/2009 Update

2/20/2009



Shalers,



It’s fun being on the back end of this site and observing your activity. I posted a discussion today listing the top ten groups in terms of how busy they are. I think there are some surprises in the list. See the list here http://www.gohaynesvilleshale.com/forum/topics/busiest-groups-on-the-site



I have been trying to add some tools to maximize the site’s usefulness. I have added a box, front and center and just below the main picture, which… Continue

Added by Keith Mauck (Site Publisher) on February 19, 2009 at 22:30 — 1 Comment

Black history month, “what’s that have to do with me?”

I never paid a lot of attention to black history month and have even fallen pray to the “why isn’t there a white history month” mentality.



I’m not old enough to have lived the atrocities that existed in the past. I have to admit that even though I felt sympathy at the types of things that I read about, I didn’t really “feel the pain” in a gut wrenching manner. It was something that I understood was horrendous but it was mostly all before my time. It was inexcusable but it didn’t… Continue

Added by Bobi Carr ("parker") on February 19, 2009 at 19:30 — 9 Comments

HS well in 18 N 16 W

watch sec 5 18 N 16 W we'll soon know!

Added by george haddad on February 18, 2009 at 15:04 — No Comments

Fleming Holds First Energy Roundtable Discussion

FROM THE OFFICE OF CONGRESSMAN FLEMING

FOR IMMEDIATE RELEASE

February 17, 2009



Contact: Amy Jones

Communications Director

202.225.2777 or amyejones@mail.house.gov



Fleming Holds First Energy Roundtable Discussion





Shreveport, LA – Congressman John Fleming held a roundtable discussion today with energy leaders from the 4th Congressional District to discuss the future needs of the industry and ways to maximize the potential of the… Continue

Added by Keith Mauck (Site Publisher) on February 18, 2009 at 7:30 — No Comments

Nothing to do with oil or gas..just need to vent

A friend of mine died yesterday. She was only 42 years old. She did not have cancer or some other horrible disease. She was not in an accident. She was shot to death by the man who claimed to love her. She left him last Friday. He called her yesterday and asked her to come to his apartment. Unfortunately she went. He was waiting there with a shot gun. He shot her twice as she tried to escape then turned the gun on himself. He left behind 2 children to wonder why he would kill and commit… Continue

Added by Kassi on February 17, 2009 at 14:49 — 15 Comments

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