I have leases with 11 different operators and have tried to come to terms with the best and the worst. On this site it is sometimes very apparent who is the worst, but not a lot about who might be the best. I have a new worst, that actually has pushed CHK down to second place. Samson Resources has always given me heartburn, but since the recent boy out by KKR has catapulted them to the front of the line. Samson has recently added a section to their Web-site that shows their core values and…

It has been a while since I posted and some things have happend on the lease that may be of interest.

About a year ago, they drilled a horizontal Hainsville, the Wells 2H, but it has never been completed, probably waiting for gas prices to increase.

And recently they brought in the Wells 3H, a Hardwood Cotton Valley. It has been doing quite well since Jan 9, 2012, producing about 4M a day plus some condensate. Waiting for that first check.

And since all…

Natural Gas Prices  Remain at 10-Year Lows

On Tuesday, March 27, 2012 Natural gas futures ended the day to fall 1.8 cents to $2.21 per 1,000 cubic feet after dropping 5 cents on Monday, Mar. 26th.  Natural gas supplies are currently more than 50 percent above the five-year average for this time of year.

On Monday, March 12, 2012:  Natural gas futures price fell to a new 10-year low, falling by 5.5…