My grandmother received an Oil Gas & Mineral Lease for an interest she has an interest a 55 acre tract in Shelby County. It was from T.W. & Associates, LP and the landman's name is T.J. "Ted" Helbig. They are working for XTO.
The offer was $500-rental-paid up 3 years with a royalty of 18.75%. Being that we are out of Lafayette, LA, we are not sure if this is fair or not?? I did speak to him and he stated that this is a WILDCAT well?**?? To me, this is hard to believe being that this county is 100% "Haynesville country". Are there not many wells drilling and permitted now for Haynesville?!! He told me this will be a Haynesville well........Wildcat????
***JAMES ROWE SURVEY A-585 & THE THOMAS R. GOODWYN SURVEY A-256 ******
Can anyone enlighten me as to the terms offered above? Are they fair? What have you been offered? Have you heard of or had dealings with them (T.W. & Associates) or Mr. Helbig???
PERSONALLY, I FEEL LIKE THIS ACREAGE IS " OPEN FOR BIDDING"!?!?
THANKS,
COREY
Tags: ACREAGE-SHELBY, HAYNESVILLE, OFFERS-OPEN
Enlighten us as to what areas in Shelby County that:
"I wouldn't pay $1 for some acreage in Shelby county because the Haynesville simply isn't mature and economic, or because it's faulted to all hell (see North Shelby).
From Joaquin, North of Tenaha and across Northern Shelby County is the Tenaha Fault which is just a part of the Mexia fault system. There have not been any successful HZ Haynesville completions in this area. Yes, faults CAN be good...for wildcat vertical wells. You'd have to find a trap.
It's quite easy to see if you look at the Rail Road Commission GIS viewer. A string of Dry Holes from Joaquin, across Rusk, across Cherokee, all the way to Milam County.
MLE, Thank you for the information. My land is located in the C.C. Tutt Survey, A726. It is located South of Center, Texas, and east of Hwy.96 (northeast of Neuville; Southwest of Shelbyville). I am not presently leased to anyone (as of July 2010). Originally, my landman was very excited about my acreage; however, when the Natural Gas prices fell, so did the excitement. In fact, my property was about to be a part of a well that had already been staked out on an adjacent property to my property (nothing ever started--supposed well had already been given a name). I was told that there was a fault, but that it was a good thing. I have heard both (good & bad) about faults. I am under the impression that a fault is good because it is a reservior for gas & oil to be trapped. However, can you tell me what the criteria is for a good fault vs. bad fault. At this point, all I can say is that I have been on a roller-coaster ride for four years.
You're in a great area of the Shelby Trough. I'm actually curious as to how you're not already unitized. I'm sorry to tell you, but your landman lied to you. There really isn't such a thing as a good fault when it comes to HZ drilling.
LO1GT,
As you may already know, XTO has 2 Haynesville wells in A-726 that have been waiting on completion (I believe that is still the status?) Lumberjacks 1H and Badgers 1H. I imagine their results will probably affect interest in your property.
Ledlights,
have you heard anything on the Cougar? It's just below the Badger.
JM,
Unfortunately I am a long-distance mineral owner with no property or eyes on the ground in that area. All I see comes from the RRC and this board. Maybe someone else will chime in? The RRC map shows no new info for Cougar. Jffree1's thread about XTO well status:
showed Cougar completed with no report back in October. But as jffree1 has said, XTO seems to take its own sweet time. For what it is worth, the only well on that list that was listed as completed and reported, the Horned Frogs, reportedly took around 11 months from initial production to issue of division orders.
The Cougars DU tested at 536 mcf/d on a 17/64 choke.
Not the best well.
http://webapps.rrc.state.tx.us/dpimages/img/50000000-50099999//CMP5...
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