"Precisely my thoughts. How low can she go...."
Les's Groups
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North Caddo Parish
358 members
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South Caddo Parish Group
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Les's Discussions
MidCon Gathering, LLC Division Order
3 Replies
Started this discussion. Last reply by Skip Peel - Mineral Consultant Nov 6, 2023.
Lethargic Natural Gas Prices During Epic Summer Heat
1 Reply
Started this discussion. Last reply by Skip Peel - Mineral Consultant Jul 20, 2023.
Caddeaux Pipeline, LLC Application for Caddo/DeSoto Parish Intrastate Pipeline
8 Replies
Started this discussion. Last reply by Chad Ellis Oct 6, 2022.
Les's Page
Latest Activity
Les replied to Chase's discussion CHK Press Release - Merger with SWN - 1/11/24"Setting aside our feelings toward Chesapeake, I think the merger is a net positive for HS mineral right owners. As the press releases point out, this merger is a huge bet on LNG export potential, which I think we all agree the HS will be a…"
Les replied to Skip Peel - Mineral Consultant's discussion I'm interested in your opinion: US was top LNG exporter in 2023 as hit record levels"Given all the variables and uncertainties, IMO one could make an argument for $2 or $10 gas. Wish I knew. Given the thesis of the above article of higher LNG exports, one would think simply greater demand would result in slowly increasing…"
Les replied to Skip Peel - Mineral Consultant's discussion LNG Export Capacity to more than double through 2027"Maybe this will help us see higher NG prices here in the HS!"
Les replied to Les's discussion MidCon Gathering, LLC Division Order"Interesting! Thank you for the information and the link. I will reach out to MidCon to see what is going on."
Les posted a discussionMidCon Gathering, LLC Division Order
Given the recent slowdown in HS activity and since it's been a few years since I've received a new division order I was surprised to receive one last week from a MidCon Gathering, with the operator being an Adams Oil Production, LLC, neither groups of which I am familiar with. I thought I would run this past the group to see if anyone else has received the same and if they know anything about the wells. This is for Caddo Parish, Sec 4, T20N, R15W. Thanks.See More
Les replied to Skip Peel - Mineral Consultant's discussion BP explores forming joint ventures to boost US shale -sources"Thank you for your insight on this announcement. Initially it did seem like a surprise to me as well. I also wondered whether BP wants to position themselves as a dominant player in the growing LNG export market which the Haynesville Shale…"
Les replied to Lawrence Silver's discussion Sale of Minerals"Lawrence, We also own mineral rights in DeSoto Parish, Section 25, 15N,12W and I would echo Skip's comments that that area has tremendous potential. While last year's royalties from that section were modest, like you, we are getting…"
Les posted a discussionLethargic Natural Gas Prices During Epic Summer Heat
Can someone explain to me why NG prices seem to be unaffected by the relentless summer heat across much of the country? Yes, NG storage tanks have been nearly full due to the mild winter and LNG shipping having been offline for many months. But in recent years, summer heat of this magnitude would have been bullish for NG prices as strained energy suppliers would have to resort to NG on the margins to meet AC demand. Not this summer. Nat Gas seems stuck in the $2.50/btu range.See More
Les replied to Skip Peel - Mineral Consultant's discussion Higher LNG exports to drive up US natgas prices, EIA projects"Not sure how the EIA came up with these future HH price projections. With a projected HH price range only between $3.30 and $4.30 over the next 30 years, that seems to indicate last year's price spike was anomaly that won't be repeated. I…"
Les replied to Skip Peel - Mineral Consultant's discussion Smackover Lithium Play - South Arkansas and East Texas"Skip, you addressed the question I had after reading these interesting articles and then overlaying the Smackover Formation maps with Haynesville Formation maps. It does appear there is quite a bit of overlap to the untrained eye but none of these…"
Les replied to Skip Peel - Mineral Consultant's discussion The Race to Debottleneck U.S. LNG Feedgas Routes"Yes, it is exciting times with the prospect of LNG exports dramatically increasing starting in 2024/2025. Barring a sudden end to the Ukraine conflict and Russia NG resuming substantial exports to the West (highly unlikely), this should bode well…"
Les replied to Skip Peel - Mineral Consultant's discussion RBN's Five-Year Natural Gas Market Outlook"Just the kind of optimistic outlook we royalty owners needed to read after the recent NG price meltdown! Hang in there!"
Les replied to John Denison's discussion WSJ: Natural-Gas Prices Swing Again in Unseasonal Slump"By "next major correction" due to LNG export volumes I presume you mean an upward trend in prices. With many countries around the globe scrambling to secure future LNG shipments going forward, I would suspect much of the domestic glut we…"
Les replied to Skip Peel - Mineral Consultant's discussion Natural Gas Forward Prices Plummeting Amid Ample Storage Builds, Mild Temps"Ouch..oh well...$9 NG was nice while it lasted!"
Chad Ellis replied to Les's discussion Caddeaux Pipeline, LLC Application for Caddo/DeSoto Parish Intrastate Pipeline"Pipeline ROW agreements are complex. i strongly recommend the use of an attorney. I have both bought and granted ROW’s and I will not do so without my attorney’s review."
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Les's Blog
Best way to pass mineral rights to next generation
After reviewing many of the posts regarding mineral rights inheritance in Louisiana, I could not find a reply to one poster's question on the value of forming family LLCs to hold mineral rights. Evidently, many LA attorney's recommend them but I have yet to see anyone list compelling reasons for relatively small mineral rights owners to go to the expense to form one.
In my case, I collect relatively small royalties from some 40 wells scattered on many small lots spread throughout…
ContinuePosted on September 25, 2011 at 11:42 — 7 Comments
Pipeline Easement Lease Rate
I apologize if this issue has been talked about before on this blog but I have not been able to locate any discussion on it. Has anyone been approached by an energy company to sign a pipeline easement contract? If so does anyone know what the going rate is in the Haynesville Shale is? I was offered a "per rod" price for the lease but I have no idea if it is a fair offer. Thanks
Posted on March 2, 2009 at 7:06 — 4 Comments
Comment Wall (2 comments)
- At 12:00 on June 7, 2011, Big Daddy, bcnr said…
No problem Les. Definitely keep him in mind if you need estate services. He can probably clean up and simplify matters for you.
Regards from Rockford,
Cannie (Big Daddy bcnr)
- At 7:53 on March 4, 2009, Keith Mauck (Site Publisher) said…
- Welcome to the site! I hope the site is a large source of info for you.
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