Did anyone sign a mineral lease in the shale for only a couple hundred per acre?

If so, I'd like to hear your story. I'm a reporter for The Shreveport Times. Please call me at 318 459-3266. Thanks

Views: 253

Reply to This

Replies to This Discussion

Do you think he'll talk to me on the record? If so, please email me his contact information to bobbieclark@gannett.com. Thanks!
I signed in Nacogdoches co in 2007 for $200.00/acre , but I believe that was the going rate at the time. Can't say for sure its in the HS either.
Sure lots of people signed em. all the land men had guns back then and u had to sign or else.
Bobbie,

When will your story run?

Admin
It will probably run Nov. 16 or 17 in a special shale section we are working on.
As long as you are giving the timeline, make sure that you include that the Haynesville Zone was legally defined by Chesapeake by La Dept of Conservation Order 994-D on July, 10, 2007.
FYI: The HS was originally defined in Jan '07. The original drill permit was dated on Aug '06, for the smackover formation, but was amended in Jan '07 to define the HS. The order you are referring to, was the first "reference" to the HS.
A shout out to the site is always nice too.
Thank you Bob,

With so much mis-information its hard to believe anyone knows the truth anymore.

an exerpt from chesapeakes Aug. 2 2007 news release...

-- Ark-La-Tex Tight Gas Sands (primarily Travis Peak, Cotton
Valley, Pettit and Bossier formations): In this large region
covering most of East Texas and northern Louisiana, Chesapeake
has assembled a strong portfolio of unconventional gas
resource plays. Chesapeake is one of the ten largest producers
of natural gas, the third most active driller and one of the
largest leasehold owners in the area. Chesapeake is producing
approximately 135 mmcfe net per day in the Ark-La-Tex area.
The company is currently using 11 operated rigs to further
develop its 200,000 net acres of leasehold. Chesapeake's
unconventional proved developed reserves in the Ark-La-Tex
region are an estimated 393 bcfe, its proved undeveloped
reserves are an estimated 282 bcfe and its estimated
unconventional risked unproved reserves are approximately 260
bcfe after applying a 70% risk factor and assuming an
additional 750 net wells are drilled in the years ahead. The
company's targeted results for medium-depth vertical
Ark-La-Tex wells are $1.7 million to develop 1.0 bcfe on
approximately 60 acre spacing.
An interesting slant may be information about local large cemeteries leasing their mineral rights. I'm sure it must be legal, but seems a bit strange.
KB
Thanks for that info! I knew that cemetery plot owners do not own the property, only the interment rights.
I've heard of cemeteries being moved to make way for road, I wonder if a mining co. has ever moved one. It would be relativly easy to directionaly drill even a vert. well under a cem. but a lignite mine would be another story.

RSS

Support GoHaynesvilleShale.com

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service