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Permalink Reply by Bill R on August 29, 2018 at 4:39

SWEPI purchased a percentage of the EXCO leases and wells, I have now received three SWEPI Division letters for various wells stating they will begin marketing their share from ADDITIONAL WELLS.
Now hopefully the input of their monies into EXCO's pockets will result in additional wells.

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Permalink Reply by Skip Peel - Mineral Consultant on August 29, 2018 at 8:54

EXCO and British Gas (BG) entered into a joint development agreement for Haynesville assets in LA and E TX in May 2015.  Therefore  BG acquired a 50% interest in the EXCO wells and leases.  BG was in turn acquired by Royal Dutch Shell (RDS) in February, 2016.  Since EXCO is near bankrupt, Shell has taken over paying royalty on their 50% ownership interest.

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Permalink Reply by Bill R on August 29, 2018 at 14:40

Skip - Yep, I was also contacted by BG and BP about some possible leases as well where EXCO had held leases, but no wells were drilled.

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Permalink Reply by Bill R on August 29, 2018 at 14:41

Going to be interesting to see where all of this shakes out and if they increase production as well.

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Permalink Reply by KMD5614 on August 30, 2018 at 5:16

I want to thank everyone for their input.  It does give me more information then what I had before.  

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Permalink Reply by Skip Peel - Mineral Consultant on August 30, 2018 at 5:27

You're welcome, KMD.  Now in return, there is something you can do for us.  Talk up GHS and recruit some new members that will help with "on the ground" intelligence in their area and participate in discussions.  That helps GHS improve the roll it plays in assisting land/mineral owners.

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