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Oil & Gas ProPermalink Reply by Two Dogs, Pirate on September 17, 2008 at 12:24

Someone drilled across the lake from Ebarb not long ago. There are three laterals coming off the location from Texas into Louisiana. Look on the map on Sonris and you can find it, I hear it's a good well, think it is a James Lime well but don't remember. One thing for sure someone will get to you about a lease in the future. Don't make a mistake and deal with some outlaw bunch. They will probably contact you first because of the difficulties with the land title under the lake. Snakes crawl where they can and a lake is a good place to find snakes. Only lease the depths that want to drill (lower CV, Haynesville, upper Smackover) lets say somewhere between 10,000 and 15,000 feet.

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landownerPermalink Reply by Checkmateking on September 17, 2008 at 14:59

Yes, Shalegeo has commented on Cross Lake, and I have read numerous posts on other websites, the lake bottoms are definitely in play and valuable. It makes it easier for comapnies to lease as well, but if gas prices continue to drop, the long horizontals required to produce lake beds will become less economic.

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landownerPermalink Reply by Greedy Landowner on September 17, 2008 at 16:53

I think that in Louisiana, the state ends up owning mineral rights that are under public waterways. I could be incorrect though.

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landownerPermalink Reply by David E Cohn on September 18, 2008 at 7:25

all my family lands were on the Texas side of the resevoir.Are any companies acutally leasing underwater acreage? thnx david

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Permalink Reply by JT on September 19, 2008 at 7:29

My family has over three hundred acres underwater near the Elm Grove field, and Petrohawk snapped them up very early in the game - right before the Haynesville information went public. The rights to the Red River riverbed south of Shreveport were also leased recently for quite a bit.

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landownerPermalink Reply by David E Cohn on September 19, 2008 at 7:50

sounds like it is a matter of time and patience.David

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