Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 23, 2021 at 1:39

Success!  I'll be interested to read any replies.

Permalink Reply by GoRicky on July 23, 2021 at 4:03

It kinda depends on where it is - some parts of the county are thought to be more prospect - worthy than others. 

Permalink Reply by Skip Peel - Mineral Consultant on July 23, 2021 at 4:23

I agree with GoRicky.  Location matters but if you have received an offer, then someone must be interested.  Rodney, can you share details of your offer?  Company.  Bonus and royalty.  Your general location in Shelby County.

Permalink Reply by Rodney Anderson on July 23, 2021 at 6:51

The minerals are located about a 2 miles south of Tenahaand a 1/2 mile west of Hwy 95.  I was contacted by a land man from Brown Godwin Co., they offered $200 an acre and 3/16.

Permalink Reply by Skip Peel - Mineral Consultant on July 23, 2021 at 7:01

Brown Goodwin Co. is a "land" company that is running a lease program for a client.  You might try asking who the client is but you may or may not get an answer.  This sounds like "an opening offer" to see how many mineral owners are willing to jump on it.  As close as you are to Tenaha, I would suspect that you are outside of the currently defined Haynesville Shale fairway but you may be close.  Only jffree1 could likely provide a more informed opinion.  I feel sure she is a member of this group.  Maybe she will chime in.

Permalink Reply by Rodney Anderson on July 23, 2021 at 9:29

They are the ones I dealt with previously and I never knew who they were representing.  With such little activity in that area I was surprised when they called.

Permalink Reply by darnetta moore- lawson on July 23, 2021 at 7:52

Who's actually leasing in that area

Permalink Reply by lucky spike on July 23, 2021 at 17:31

I have also had Brown, Godwin & Company calling about leasing a small interest, approximately 11 acres our family has in the George S. Hutto survey A-352 and A-348. They had previously leased it for BROGO Minerals. I have not called back as I was trying to find out if something was happening over there or if they were just speculating. We have also had some calls about buying our producing royalties in the XTO Vols DU 01H. 

Permalink Reply by Skip Peel - Mineral Consultant on July 24, 2021 at 3:19

To some extent I think the uptick in leasing interest and mineral purchase offers in Shelby County is associated with the arrival of Aethon.  Aethon has been the most aggressive driller across the entire Haynesville Shale Fairway, LA and TX.  Although Legacy Reserves was the first company drilling Shelby rock after a long dry spell, the arrival of a Haynesville-directed Aethon rig in mid-June likely upped the interest.

The rig locations can be followed by keeping up with my discussion,

HAYNESVILLE RIG COUNT BY PARISH/COUNTY AND OPERATOR   , on the Main Page which I update each week.

Permalink Reply by shelbyco on September 20, 2021 at 10:37

I am just guessing but this interest could possibly be related to the Eagle O&G/Dance-Sample CV horizontal well which is approximately five miles south of Tenaha. This well went into production in January, 2018 and has done pretty well. The numbers would look even better at the current higher prices.   

Permalink Reply by Rock Man on September 20, 2021 at 10:40

It is possible that this well may drum up some interests in that part of the trend for shallower Cotton Valley Sand, but that section will never come close to being as good as the HV shale with its 20+ MMCF per day rates and massive EUR's.

Just my opinion

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Permalink Reply by Rock Man on September 20, 2021 at 11:07

Dug up the info  on this Eagle O&G well. Definitely CVS target zone - about 1000' above the Haynesville Shale.

Although IP was only 2 MMF per (with 3000+ BW per day), this well max'd out at about 5 MMCFPD in its best month.

I have attached production curve and EUR projection from ENVERUS - may make u to 6+ BCF in time if no mechanical problems.

The fact that Eagle O&G has not followed up with any additional HZ's in this area may point to some economic issues (no idea what the D&C would be to drill and frac 5000' laterals like this one).

Attachments:

• 4241931778 Eagle Prod.pdf, 63 KB
• 4241931778 Eagle EUR.pdf, 154 KB

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