Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on March 19, 2010 at 7:48

HMI. Listening is good. It makes you a better poster when you decide to come off the sidelines and join in the game. I listened to a number of the Encana web casts yesterday. And yes, they are focused on retaining leases which requires drilling. However I recall one Encana officer stating that they aimed to hold at least 90% of that leasehold. I took that to mean that they would give close scrutiny to the terms of their existing leases, make informed decisions relating to prospective future production and would not hold 100%. Even Encana has limitations and a cautious forward-looking strategy. I'll be glad to get the health care debate behind us so that the Congress can focus on an energy bill.

• ▶ Reply

Permalink Reply by HMI on March 19, 2010 at 8:36

Amen on the Health Care issue Skip. Ready for that to be done myself. I think you're right about choices that any of these companies will have to make. They'll keep some and they may let some go. In the landgrab they're likely to have grabbed some leases that they could just as soon part with - or be allowed to expire and then re-negotiate. The next 10 years will be filled with zigs and zags in decision making that maybe we as landowners don't anticipate because we don't have all of the details. That's why I try to take everything in stride, be thankful for what we have and make it last. Exciting times none the less.

Permalink Reply by Les Bamburg on March 19, 2010 at 7:26

HMI, in the early days of the play the Haynesville Shale was referred to as the Bossier Shale in Texas. This is because some people designated the entire combined Bossier Shale/Haynesville Shale interval as the Bossier Shale. So what was the Haynesville Shale in Louisiana was equivalent to the Lower Bossier Shale in Texas. This is also the reason the Bossier Shale play in Louisiana is sometimes referred to as the Mid-Bossier Shale.

Now the name Haynesville Shale is being more widely used in Texas and the RRC recently designated a new field "Carthage (Haynesville Shale)" to cover the play in Texas.

• ▶ Reply

Permalink Reply by HMI on March 19, 2010 at 7:44

Interesting Les. Thank you for sharing that.

• ▶ Reply

Permalink Reply by Spring Branch,mineral owner on March 19, 2010 at 8:02

Your geologist client has some work to do brushing up on the Bossier/Haynesville!

• ▶ Reply

Permalink Reply by HMI on March 19, 2010 at 8:31

Ahhhh ...I'm gonna let you tell him that. :-) He's done very well for himself. I guess he's been more right than wrong. He's a driller also. Not sure if I mentioned that. I'll put the shortfall on myself. Perhaps I didn't communicate the question to him efficiently enough.

• ▶ Reply

Permalink Reply by Spring Branch,mineral owner on March 19, 2010 at 9:11

We'll let him slide............but...........Bossier is above the Haynesville.... no way Les B is gonna be wrong on a chip shot like this one. Glad you're aboard, HMI.

• ▶ Reply

Permalink Reply by HMI on March 19, 2010 at 9:33

It was wayyyy early in the morning and I think it got flip flopped. Based on our correspondence over the rest of the day I believe his opinion agrees. That's what happens when we start emailing before that first cup of coffee.

Take a look at page 3 of the attached pdf. I believe that corresponds to the opinion offered here. And thanks for the welcome Spring Branch. :-)

Attachments:

• hk0109.pdf, 1.4 MB

• ▶ Reply

Permalink Reply by HMI on March 20, 2010 at 3:10

Thanks for this link Electrodynamics. Some very clear cut, well defined answers and advice in the pages found there. Most of it I was aware of but it's a great link for me to pass on the other family members involved. They can read something from a neutral third party that affirms what I've been telling them about not rushing into a contract.

• ▶ Reply

Permalink Reply by Henry on March 19, 2010 at 11:58

HMI, I'll offer my feedback -- 2 factoids.
1. EnCana just reported wells in Sabine Parish with IPs of 17 and 20 mmcfe/day. Those are big wells.
2. I know for a fact that CHK has paid much more than $5k in southern DeSoto recently.

• ▶ Reply

Permalink Reply by ken hatcher on March 19, 2010 at 13:35

Henry, was the Jimmy Ray Brown the 20 mmcfe ?

• ▶ Reply

Permalink Reply by Les Bamburg on March 19, 2010 at 15:29

Ken, EnCana confirmed the 20 MMcfd well was the Jimmy Brown and it was a Mid-Bossier Shale completion. The 17 MMcfd Mid-Bossier Shale completion was another operator's although EnCana included that well on their map.

• ▶ Reply

• ‹ Previous
• 1
• 2
• 3
• Next ›
• Page