Replies to This Discussion

Permalink Reply by Ryan Howrish on October 24, 2024 at 10:20

Hi Skip - sorry I don't log on to the forum every day or week and didn't see any notifications that someone had replied to one of my responses.  I do not currently work for an operator.  My business partner and I started our company to work with mineral owners.  I am happy to share broad knowledge as I did in my response to you publicly, but if mineral owners have specific questions about discrete offers they have received or opinions on specific s-t-r, I will work privately with them, if they choose to contact me.

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Permalink Reply by Skip Peel - Mineral Consultant on October 24, 2024 at 13:58

Hi Ryan.  Don't be a stranger.  You have to log on more often to keep up.  Keith is working on returning the functionality of notice emails when a new main page discussion is posted or there is a reply in a discussion you are following or have made a prior reply in.  If he can get that done, it will help you and other members keep up more easily.

See my latest response in the Comstock Presentation discussion.  I provided a long winded answer on the Bossier data contained in the presentation which you might wish to amplify or help explain.

https://gohaynesvilleshale.com/forum/topics/comstock-october-presen...

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Permalink Reply by Rick Jackson on September 17, 2024 at 5:29

Thank you guys for this information. Just like Lee, I get offers frequently from non-producing wells or wells that are barley producing and the offer seems to be good, but as read through all of these post, most of the offers are not fair market value. I just dont know why I keep getting the offers frorm Wells that are barley producing.

Thank all of you for sharing your knowledge. It really helps individuals like me to make informed decisions.

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Permalink Reply by Skip Peel - Mineral Consultant on September 17, 2024 at 8:45

Rick, there are several reasons for mineral companies to send offers.  The first is an application for alternate unit wells.  These are spacing requests that once approved are effective indefinitely unless superseded by a subsequent application.  Notice letters are required for these applications so mineral owners evidenced in the public record would know.  The follow up step is a well permit to drill which does not require notice.  Mineral buyers get real interested when they see permits but mineral owner would not be aware unless they are checking SONRIS regularly.  Permits to drill are effective for six or twelve months.  Those six month permits get buyers really interested especially if it is for a group of wells.  Buyers hope that low production and royalty income from old wells lulls mineral owners into thinking they won't get any more wells.  Some buyers still employ the old come on of offering a multiple of months based on current monthly  income which completely ignores the fact that for many there are more wells in their future.

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Permalink Reply by Rock Man on September 17, 2024 at 8:53

Another good reason to get an expert opinion from O&G people about one's assets and minerals

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Permalink Reply by lee on September 17, 2024 at 8:53

3-13-13 sorry for the delay my mother passed and i have been out of town.

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Permalink Reply by Skip Peel - Mineral Consultant on September 17, 2024 at 13:00

Sorry to hear it, we offer our condolences.  Here are the wells producing from Section 3 - 13N-13W.  They are all early wells which means to two things.  One they are under stimulated compared to current completion designs and are candidates to be re-fracked and two they have left un-fracked the north and south 330' of rock because of setback requirements for H wells.  If EXCO can drill a multi-section well from adjoining sections to the north and south, the company could produce that rock.  Mineral buyers would pass on this section as they would see it as fully developed.  It is not.  Section 3 is within the best contour line of the Petrohawk Porosity-Feet map.  Although it is some of the most productive Bossier shale, it is likely to have to wait for better natural gas prices to be developed.  The sixty four thousand dollar question is what price makes the Bossier a profitable target?  That is unknown at this point other than current prices are far too low.  I suggest that you hold your mineral rights for a few years to see what transpires.

239839	10		E183	HA RA SUBB;BRASCH FAMILY 3	001
247831	10		E183	HA RA SUBB;BRASCH FAMILY 3	002-ALT
247756	10		E183	HA RA SUBB;RINAUDO 3	001-ALT
247754	10		E183	HA RA SUBB;TEAL 3	001-ALT
248496	10		E183	HA RA SUBB;TEAL 3	002-ALT
247832	10		E183	HA RA SUBB;BRASCH FAMILY 3	003-ALT

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Permalink Reply by Rick Jackson on September 26, 2024 at 7:32

Sending my condolences

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Permalink Reply by lee on September 17, 2024 at 23:35

and 2-13-13

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Permalink Reply by Skip Peel - Mineral Consultant on September 18, 2024 at 5:07

Section 2 is undeveloped for the Haynesville shale but Chesapeake has a Field Order for 5 HC wells to produce from Section 35 to the north and Section 2.  Chesapeake permitted the wells but allowed the permits to expire in July.  The Field Order is in effect and Chesapeake can re-permit those wells as long as they conform to the lateral slots in the Field Order.  Chesapeake would rather drill the wells late this year or sometime in 2025 hoping for improved gas prices.

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Permalink Reply by Rick Jackson on September 26, 2024 at 7:31

Will the Field Order for 5 HC include all of section 2 or just part of it?

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Permalink Reply by Skip Peel - Mineral Consultant on September 26, 2024 at 9:05

All.

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