Replies to This Discussion

Permalink Reply by Bacon on December 20, 2009 at 4:36

The permit is good for 6 months. So anytime between now and May. Or they can just let it expire without drilling. If there is a pad, that's a good sign that you've passed the ado stage.

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Permalink Reply by Skip Peel - Mineral Consultant on December 20, 2009 at 4:44

The LOC recently provided the option for an applicant to secure a one year permit for an additional fee.

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Permalink Reply by Les Bamburg on December 20, 2009 at 5:36

AB, they can drill away. Samson seems to be focused on Red River Parish with their two rigs and have three undrilled locations so it may take 3-4 months to get up to your area.

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Permalink Reply by Scott on December 20, 2009 at 6:42

Les B,

Do you believe Samson Contour to be a competent haysnesville operator? I know they have a good reputation in Oklahoma, just wasn't sure how well they can drill a technical horizontal.

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Permalink Reply by Les Bamburg on December 20, 2009 at 14:42

Scott, I believe Samson can handle the Haynesville Shale but I need to see a test rate for one of those RRP wells to be sure.

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Permalink Reply by Mac Davis on December 20, 2009 at 11:29

It's no more than a guess when drilling will begin. Sometimes permits are applied for, and expire in 6 months without being drilled. Sometimes pads are built and not drilled for over 6 months.

Of course, having the permit issued is a better sign than not having the permit issued.

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