Just dropping by to say hello. Have one "shale" of a day. Also, there some new profile questions. Check those out by clicking HERE. We are also coming up on our 10,000th member. Be sure to celebrate with me. Click HERE for more about that.
Well thank you! I'm a bit late....i don't have any Haynesville alerts mailed to my regular email I guess! I guess my train of thought today in my current situation is bonus and hbp may be better then nothing at all. That could change 3 months from now though.
No news near me. I would like to know how the 401-34134 well will turn out. It is NE of FM 1971 where it connects to Hwy 95. They went down to 12,500 ft or just shy of that. Let me know if you hear about that one.
Hi Gone Fishin!
Long time, no hear...my fault, haven't been on in awhile. Evertime I check, nothing seems to be happening. I caught this post of yours in the East Texas group, " Permalink Reply by j on December 15, 2008 at 8:00pm
thanks, I figured it was prob devon, I am hearing that chesapeake will be back in full force in Feb
► Reply to This
Permalink Reply by Gone Fishin on December 15, 2008 at 11:57pm
I dont doubt it, they have filed a ton of leases with the shelby county clerk in the last few weeks. more than I have seen filed at any other time. must have found the money to pay for them i suppose.
Anyone have any info on the mitchell trust well. I hear its flaring big time.
What is going on down there? Something must be good if CHK is back filing in Shelby County again! I sure wish my phone would start ringing again!
what I don't understand is why I am in the dark about it. Why doesn't someone from the lease co keep the land/mineral owners in the loop? Everyone keeps saying it is because of the competition but there are wells everywhere...Thanks for your information, I assure you that I will use it! Laurie
I forgot to tell you that I am leased to Petrohawk but it expires in July. As I told you before a landman contacted me from them but it was not Dudley. In your experience, why would they be doing curative title work on property that expires in 7months...is that enough time to get something done? What do you think that means?
The property is split by CR4688...there are 50acres on one side (mine) and the other side of the road is appox 120acres. This belongs to myself and 2 cousins...33 of that side is mine. Total I have 83acres of the 170ish we own. I am not sure about the neighbors because I don't live there. I actually live in South La but use that property for hunting purposes and such. As a matter of fact, all no one lives on the 170acres...used for timber and hunting. Point is that I am not sure about the neighbors but I guess I should ask....Laurie
Well, that is sorta the point..I don't know how close I am to anything and need help understanding. I am off of FM947 on CR4688 in the Wm Howard survey. I don't know what wells are around me or what they are doing. That is pretty much my question because I have been unable to understand much from the rrc. I am new to all of this and never really paid much attention to O & G for any reason. Thanks, Laurie
Fishin..I saw that you said your land is near Timpson...anywhere near FM947? I have property out that way and wondered if yours was anywhere close. I have had a landman contact me for some title work but the lease expires in July 09, not sure why contacting me unless they have some intentions I do not know yet...I am new and just trying to understand the processes. Thanks, I would appreciate any and all info you can offer.
we have land off 103 on 705 in san augustine..... hoping we will see drilling soon down our way.... keeping a eye on drilling permits.. exactly where is your land? you have land in san augustine right?
Oh, and the lawyer is checking with the Devon guys to see what their opinion is about a seperate lease on shallow rights and whether they see it as a problem. And also on clauses needed for this sort of situation. He expects them to start leasing again late Jan./Feb.
I have read some of the posts from La. about requests to commissioners about strata nomenclature and I do realize that the OGs have a huge bag of tricks. I've been trying to learn all I can but I do know my limitations. I also have a group of people who are sort of depending on me for a good lease so that keeps me very humble.
Thanks, GF. No I will not go it alone. I have already had an informal discussion with my atty. and he suggested that even for shallow rights I should get upwards of 1500.00/ac. and I don't think these guys are going anywhere near that high.
I looked Samson Lone Star up on RRC site and they were the #9 producer in 2006 and #6 in 2007, so they are serious players. I just have not heard a lot about them. They sort of stay under the PR radar somehow. Let me know if you hear anything else about them.
I really am not in a hurry but my curiosity got the better of me and I had to find out...how easily they would come off of that first offer, how interested they would be in larger acreage, whether they will accept better terms. I've never done this before but I play poker so I guess I'm testing my opponent, you might say. Better to learn on small offers rather than big ones, I think, since I'm a little bit behind the learning curve.
GF, I need help. I broke down and called Cinco today. I told them that we couldn't accept their 250.00 offer especially if they wanted deep rights. I told them I knew that Devon had set the market on those at 5K back in the summer. The lady said that 250.00 was all she was authorized to offer, of course, and I again declined, of course. Then she said they only wanted shallow rights and that she could give me a depth clause for all below 7800'. I told her to make me an offer on all tracts (5 tracts about 325 ac. total) plus cousins who a contiguous to me for an additional 275-300 acres. She said she'd send it upstairs.
I already know that her next offer will be 400.00/ac.
What do you think is a fair offer for shallow rights? What about royalty? She is offering 1/5...do you think I can get 1/4 no cost?
As I understand it (correct me if you think I'm wrong) you can lease your shallow rights now and it won't affect leasing deep rights later when the offers get better. Comments, please! If you have an example of a clause severing deep rights can you share it with me? I have about a thousand other questions but this will do for right now.
As 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