Replies to This Discussion

Oil & Gas ProPermalink Reply by Land Rat on March 27, 2013 at 1:14

Natural Gas Spot Price

2/25 = 3.42

3/19 = 3.96

Roughly up 15% - definitely a correlation, those that are more familiar with SWN's futures contracts and trading practices can probably give more insight, but higher gas = higher value in this gas-heavy company.

Of course, there is probably some value in their JV, the possibility of payout on risky future ventures (i.e. BD), but mostly it is Fayetteville and Macellus becoming worth more in a better price environment.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 27, 2013 at 1:29

Settlement prices are more important to the sellers of natural gas than the spot prices.

http://gsfi.net/common/NYMEXSettlementHistory.pdf

Permalink Reply by whodat on April 13, 2013 at 9:21

I heard the JV was a foreign company.....? If so I wonder who it could be?

landownerPermalink Reply by North LA on April 13, 2013 at 11:42

BHP is a rumor going around Union Parish.

landownerPermalink Reply by ddozier on April 13, 2013 at 12:00

Mmmm bhp has been buying up interest in lots of stuff lately..xom or cop is still my thoughts they could do a mlp or trust to increase investment interest.

landownerPermalink Reply by Toby Murphey on April 16, 2013 at 16:25

Anybody know if they plan on moving on the Hollis 1-21-22 anytime soon?

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on April 16, 2013 at 16:36

The only SWN Hollis well of which I am aware is the L SMK RA SUA; HOLLIS 27-22-3H #1.  If that's the well to which you are referring, the permit to drill expires in ten days.

landownerPermalink Reply by North LA on April 17, 2013 at 13:38

Heard rumor today that leasing has started back up in Morehouse parish. Don't know if it's for the BD but I do know it's a lot of land.

Oil & Gas ProPermalink Reply by Bradley McWilliams on April 17, 2013 at 14:14

That's interesting.  I thought the couple tried over that way were "sure 'nuff dusters".  We'll have to see what comes of it...

landownerPermalink Reply by Big Little Oil on April 18, 2013 at 3:06

what is the name of the Company involved?

landownerPermalink Reply by North LA on April 18, 2013 at 3:22

He didn't mention the company. This gentleman owns about 1700 acres in an area which traditionally is not leased.

Oil & Gas ProPermalink Reply by Land Rat on April 18, 2013 at 3:10

I saw in the legal news that dan hughes filed some leases for small tracts near where they drilled their original well.  i think it was to the east a mile or two.  maybe going to have another go?

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