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Permalink Reply by jonathan LaBorde on February 21, 2011 at 11:35

township 18n Range 14w section 3 also across the street from my horse farm is North Highlands subdivision. I am also 800' from the section line of section10. That section has no drill site. I have 53 achers and the only drill site in section 3. As far as piping of gas my farm backs up to 12 mile bayou and on old Dixie hwy there are 2 lines.

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Permalink Reply by Skip Peel - Mineral Consultant on February 21, 2011 at 15:10

jonathan, I am unaware of any ongoing leasing in your specific area.  Section 10 is a Samson Contour Haynesville Drilling Unit approved on Jan. 13, 2009.  The fact that two years have passed and no wells have been permitted is strong indication that Samson will not drill your section.  The few wells to your south have been below average  or Plugged & Abandoned.  There is no current interest by any operator in Haynesville Shale this far north.  Some day in the future when nat gas prices are significantly higher, there may be interest.

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Permalink Reply by jonathan LaBorde on February 22, 2011 at 3:00

Wow, Goldsberry wells by airport are good wells, and Crayton/Lite well by Samson did very good. we are right between them.

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Permalink Reply by Skip Peel - Mineral Consultant on February 22, 2011 at 3:08

Neither the Goldco nor the Samson Contour wells that you refer to are Haynesville Shale wells.

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Permalink Reply by jonathan LaBorde on February 22, 2011 at 3:10

bothwere strong cotton valley wells

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Permalink Reply by Skip Peel - Mineral Consultant on February 22, 2011 at 3:19

When an operator is interested in drilling Cotton Valley wells in your vicinity, you will hear from them.  I am currently unaware of any interest in or leasing for any formation in your particular area.  The market for natural gas is over supplied and the price is depressed.  You may have to wait awhile.

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Permalink Reply by jonathan LaBorde on February 22, 2011 at 3:23

I've got 13 months before I get my minerals back. I was in the group that signed before the Haynesville went public so I only got $130.00 per acher. 30 days after I had signed is when the Haynesville went public and people were talking about it.

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Permalink Reply by P.G. on February 22, 2011 at 3:50

Don't feel like the lone ranger! Same thing happened here except I only have 6 weeks or so before my lease's primary period expires...

I'm hoping they forget me..

NG will come back into vogue sooner or later as an alternate to high priced petroleum..

Permalink Reply by jonathan LaBorde on February 22, 2011 at 3:55

P.G. are you talking about your 3 yr lease expires or the two yr option behind the 3 yr lease expires.

Permalink Reply by jonathan LaBorde on February 22, 2011 at 4:01

I have 13 months left on my 2 yr option, Trust me if you only have 6 weeks till your option comes available for them to do. Start looking in the mail box. There renewing all options. So if this is the case you have 2 yrs and 6 weeks left with them.

Permalink Reply by P.G. on February 22, 2011 at 4:08

Yes, I'm sweating that option!

But Like I said, I hope they forget about me...

How close was it to your primary period ending date did they pay you for that option?