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.
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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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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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