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 that, we have completed our homless shelter here in Marshall. We have been in operation since Aug--'11, housing from 5 to 10 homless folks. The number varies and they come and then go out on their own again. We are a Texas non-profit corp., Marshall's My Friend's House, Inc. and have IRS 501 (c) 3 status so donations are tax deductable. Address: 2610 Elysian Fields Ave., Marshall, TX 75672. We are praying for the wells to produce some income to help with the ministry. Our royalty interest is small, but something is certainly better than nothing.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs 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 |
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