I was curious as to what the Haynesville play was doing to land sales in Louisiana. The ten year prescriptive period has got to be putting a damper on selling. What is farmland selling for right now? Would you sell your farm right now knowing you would lose the minerals in ten years if it is not in production by then? If you would sell now, then for how much per acre? I guarantee that a large percentage of the acreage in North Louisiana will not be held by production in ten years, in my opinion.
You maybe close, but there is one oil company in play (not CP) that is gearing up to drill 1000 wells a year by itself, add CP and all the rest and the number could be unreal.
s.j.
Hey BD, there must be some new drilling rig invented that no one knows about. It must be the Lex Luther Exploration and Production, Inc. This corporation will be the first use an atomic bomb for a frac job. He tried this at one point with the San Andreas Fault in the Superman movie.
Hey Duece Pups,
Maybe they gave their drilling rigs some drilling rig Viagra. Sorry, rsp'd, had to borrow your line. And then they had really big drilling rigs, and they could drill really deep. And... OK, I'll shut up now.
I had heard the rig was powered by a giant space-based cigar that releases a spotlighted rotating soccer ball from one end, and that the rig location coordinates are communicated by the song of humpback whales.
Coffee? What's wrong with a few cups of coffee? I don't understand what's wrrrongg with a fewww cups of COFFEE!!! III LLLIIKKKE ECCOOFFEEEE!!!! IIIIT WWAKES MMEE UPPPP IINN THHEE MORRNINNG! III IFEEELL GRREAATTT AFFFTER HAVGINNIGG SSOSM E COFFFEEE.