Replies to This Discussion

landownerPermalink Reply by Caddo Rat on August 25, 2011 at 16:08

Why would they do this? Gas prices wouldn't warrant a lot of drilling in Harrison County? Maybe they are........(fill in the blank)

Permalink Reply by Thomas C. McKowen, IV on August 26, 2011 at 3:31

I heard the same thing from a reliable source 6 weeks ago, but I have not heard anything since.  I believe the leasing was to be in the northern part of the county, central and east.  I see in the latest drilling report that Devon is going to drill a 10,000 foot well in P. Dougherty Survey, A-5.

Oil & Gas ProPermalink Reply by dbob on August 26, 2011 at 4:04

Caddo Rat, I think they are chasing shallower (Cotton Valley and above) liquids with lower drilling and completion costs, and the hope to capture some Haynesville (albeit, not a sweetspot) for future development. From what I know of some the leases they are choosing not to develop in Shelby/San Augustine County, my gut is is they are being short sigthed. That said, they certain know a lot more about what might be in a particular place than I do.

landownerPermalink Reply by Caddo Rat on August 26, 2011 at 5:45

Liquid is my guess. We'll see what their permits call for. I heard that leasing activity in Cass county has really picked up. They aren't looking for gas up there.