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Permalink Reply by Les Bamburg on August 12, 2010 at 15:49

John, eventually activity should come to your area as your section could be productive in both the Haynesville Shale and Bossier Shale. A well is now being drilled two miles south of you in Section 8 of T13N-R8W and will provide new information. Currently many companies already have acreage they need to get held by production so leasing activity is slow. Leasing could pick back up in late 2011 or 2012 after companies have all the existing acreage held.

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Permalink Reply by John Moore on August 12, 2010 at 15:57

I had a feeling you would have something sensible to say, thanks as always Les. Normally im a patient man but with the state of the natural gas economy i suppose I have an itchy trigger finger these days. Do you happen to know what the name of my area is in terms of what branch or field i am in? That will help me keep tabs when others talk about activity. With all your experience, do you think they will continue to put multiple wells (around 8) on sites that are productive? Or is everyone just HBP ing their acreage and going to sit on everything as long as possible? thanks again.

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Permalink Reply by Les Bamburg on August 12, 2010 at 17:26

John, I believe your section could be in the Martin Field but the Topy Creek Field is close also.

Several operators are already adding wells to sections that held by production. Some may put 8 wells in initially or they may add 3-4 wells initially and then come back later to add another 3-4 wells. Some sections could have as many as 16 wells if productive in both the Haynesville Shale and Bossier Shale.

Most operators have indicated they plan to keep their rig count constant even after all acreage is held by production. Of course if natural gas prices stay below $5.00/MMBtu for an extended period of time I would expect to see some reduction from the current 180 drilling rigs (Haynesville Shale - Texas & Louisiana).

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