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JWC,
On the coast where I live (Freeport area), natural gas is big news because of abundance and low prices. The Liquid Natural Gas (LNG) facility that was built near the Port of Freeport to unload foreign ships and process LNG for industrial use has tied into a major domestic gas pipeline. The only foreign ships coming in are the minimum to keep their permits valid. They're going through the permitting process to EXPORT domestic LNG. Dow Chemical and other local chemical plants are building plants in Texas because of cheap feedstock (natural gas). In talking with petroleum suppliers in the Houston area, they say natural gas could be the next "game changer" in the oil & gas market. My point is things are looking up for the continuation of drilling for shale gas in Texas. My biggest concerns are the environmentalists shutting down fracing & the Texas legislature taxing industry away.
Richard, the A-17 well has been fraced by Encana, and we are just awaiting word on the results. I have a suspicion that it will come in big. Encana applied for a pipeline right-of-way to the well that is for one (up to two) 24-inch lines.
All this to say I think A-17 will be attractive in the coming years. Now, I must say that a 4 acre lease will not make you wealthy, but I think it will eventually get you a check every month.
Go to the RRC link:
http://gis2.rrc.state.tx.us/public/startit.htm
Put in the following for Wellborn API number: 405-30383, then click to the right of where you entered. Zoom out some to see all of A-17. It will not show you individual owners of the properties, so you may need to know where yours is in the survey.
Heads up! My mother-in-law received a letter in the mail today from Homer Peel, a landman in Shreveport. He is offering to buy her mineral acres for $6,250 in A-17. As best as I can tell, Mr. Peel is a relative of Skip Peel who is frequently on this website.
http://radaris.com/p/Skip/Peel/
I am thinking more and more that Encana is on to something big regarding the area around A-17.
Has anyone else received a similar letter recently?
Duh, I finally looked around enough to figure out Skip Peel's real name is Homer Peel, Jr. Sorry about the confusion, Skip!
By the way, your dad's history in baseball is fascinating!
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