Replies to This Discussion

Permalink Reply by BKG on June 5, 2016 at 15:42

Skip, I as well as some others over here will enjoy that link to the channel 3 story, as the satellite provider doesn't give access to the Shreveport market for local channels. It goes for the Monroe market...BKG

Permalink Reply by Skip Peel - Mineral Consultant on June 5, 2016 at 15:45

It may be in the morning before the video is on the KTBS website.  I just watched the report of the KPXJ 9:00 news and thought the producer and reporter did a good job.  I'll post the link as soon as I can find it.

Permalink Reply by BKG on June 6, 2016 at 10:46

Thanks for the link. This was an interesting report....BKG

Permalink Reply by Skip Peel - Mineral Consultant on June 6, 2016 at 10:56

You're welcome.  I'm glad you found it worth your time.

Permalink Reply by Port city landman on June 14, 2016 at 3:27

Skip, do you know what brokers are working on this for Range?

Permalink Reply by Skip Peel - Mineral Consultant on June 14, 2016 at 3:41

There is nothing in the public record as yet to indicate what land company or companies will be representing Range.  Since MRD just recently acquired a new large acreage position in Lincoln and Jackson parishes from WRM and some investors, I doubt that Range is making any lease offers at this time.  That newly acquired acreage will definitely need to be augmented by some amount of additional leasing but I don't expect to see that until Range has finalized their drilling program.  Right now there are only two Jackson Parish step out wells, one TD'd and the other drilling.  The 2016 MRD wells drilled to date, excepting those two step outs, are in the core of the Terryville Complex which is 99+% HBP.  There has been a lull in unit applications associated with the change of operator but when Range begins making applications we should get an idea where they will be drilling in the future.

Permalink Reply by Port city landman on June 14, 2016 at 4:07

Thanks Skip! I just found a Lincoln sign on and was looking only to be disappointed. I hadn't thought about the fact that most of it will be HBP. I didn't realize that Richard Ieyoub had been appointed to DNR head earlier this year though, so that's interesting.  Hopefully work will pick up soon!

Permalink Reply by Skip Peel - Mineral Consultant on June 14, 2016 at 4:09

Yes, Mr. Ieyoub's appointment was somewhat of a surprise but not nearly as much as his boss, the head of DNR.  Check out his background.

Permalink Reply by Port city landman on June 14, 2016 at 4:28

Dedicated to the environment...interesting. It will be interesting to see, when drilling really picks up again, how they are going to handle both the desire to protect the environment and the very real need to bring income back into the state by not making the business of drilling too cumbersome.