Ken, I do not have an informed reason for the lack of units in your area. It could be that a lot of the acreage is not leased so no reason to apply for units. Also, at this time Shell & EnCana seem to be focusing their capital $$$ in other areas of the play. Shell just seems to be moving at a slow pace in testing the Sabine Parish acreage. A lot of people in the southern part of Red River Parish are in the same situation.
Ken I don't know about CHK, today 1:00 PM they are down nearly 13% at $13.63. I don't think this market has hit bottom and until it does I think I would hold off. Something keeps telling me that we are on a replay of 1997 all over again and CHK went to 75 cents back then.
Ken, you are absolutely correct about the area being sandwiched between Shell & Eagle. Eventually one would expect Shell to move west into your area, if they haven't done so already.
Ken, I can only speak for myself but if I owned minerals in the shale I wouldn't sign for a nickle less than the highest amount paid. I would consider a higher royalty and less bonus. If you need money now then that would change the whole ballgame but if you don't then time is on your side.
Ken give me a day or two what I have in the computer doesn't go quite that far South. I will have more of the lake scaned in. Looks like the property could fall between 2 townships. I will get back to you.
P.S., Ken I think the land I ask about is in 9N-13W but am not sure and don't know the section; I am trying to help the find their paper work so we will know.
Hi Ken, I see on your profile that you are located in Converse. My uncle and his wife have land west of Converse that was her family home place and they have been approached recently with what I think is very low offers ($8,000 p/A) they have 60 acres. They live in Shreveport now and are not in good health and don't know anything much about the HS, I have been trying to help them and encouraging them to hold out for more. Do you know what the current offers are west of Converse about half way to the lake? Any info would be appreciated.
Ken,
I was thinking about investing a little bit of money in GCOG, but first I wanted to know how reliable your information was. How were you able to find out that they will be drilling into the Saratoga Chalk at 3790 feet? I have been checking Sonris, but they still do not have a permit yet.
Thanks for any help you can be.
Ken, just saw your comment from August 9th (never thought to check my comment section...). I am very interested in Haynesville's latest post for west of Converse (yesterday). We are right there. My cousin got us in contact with a very reputable attorney in Shreveport. I'll keep you posted with any developments. I'm still a little leary of posting too much information on this site. I do appreciate all of your help and comments. I've learned a whole lot. -KB
Well, I think it depends on you situation. I think if I had a small tract of land I would hold out until he closed or business sign popped up. If I had a large tract..i might be tempted to sign for 15,000. Each of us has different situations that really go into the decision. If your retired and set for the golden years, you may wait...a young couple may need to sign earlier. We have 305 acres in N. Sbine and we are waiting because the bonus will be split among 4 siblings. We can either make life a little more comfortable or we can wait (which has thus far worked in our favor going from 4,000 to 10,000) andmake life alot more comfy. I think it is important in whatever one does to make sure there are no regrets...they can drive you nuts.
Ken hatcher's Comments
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I was thinking about investing a little bit of money in GCOG, but first I wanted to know how reliable your information was. How were you able to find out that they will be drilling into the Saratoga Chalk at 3790 feet? I have been checking Sonris, but they still do not have a permit yet.
Thanks for any help you can be.
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