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Permalink Reply by Skip Peel - Mineral Consultant on September 3, 2025 at 8:21

I am seeing a lot of step out interest along the eastern edge of the defined fairway.  Thanks for the grid map, Ryan.  It helps to show how much of the established eastern edge has been drilled.  For those operators, east is the only direction left to expand the fairway.  I amended by tracking spreadsheets a couple of months back to add the 8 West and 7 West townships from 16N down to 13N.

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Permalink Reply by Ryan Howrish yesterday

You are right; there are not many options left within the historical Haynesville development to build material positions. Aethon brought two wells online in 13N-7W in late 2021. From a productivity perspective, both wells are relatively poor performers. They benefited from high gas prices when they were brought online, and, like other wells brought online around the same time, they generated significant revenue. I am very interested in the results of the first "exploration" wells in these step-out areas.

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Permalink Reply by Skip Peel - Mineral Consultant yesterday

Considering Petro-Hunt's recent development trend, do you think that the company will be drilling wells?  Or looking to market the acreage/units?  I am unaware of what the company's business model has been outside of their Louisiana development.  They have never drilled a horizontal well in Louisiana.  And hasn't drilled any well in Louisiana since early 2012.

https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellorg6...

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Permalink Reply by Ryan Howrish 10 hours ago

That is an excellent question, Skip. I don't know much about Petro-Hunt as a company. I conducted some research and discovered that they have a mineral acquisition company called Bodcaw Minerals, which owns 185,000 net mineral acres in the Gulf Coast and East Texas Basin. I georeferenced the map below, and it appears that their mineral company owns some minerals within the area for which they recently filed a field order to develop. Perhaps they are just trying to develop some areas where they own minerals?

https://www.petrohunt.com/areas-of-operation/oil-and-gas/

This map zooms in on their recently filed field order application.  You can see the overlap of the minerals they own and the field order outline.

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Permalink Reply by Skip Peel - Mineral Consultant 10 hours ago

Thanks for the research and the detail, Ryan.  Can you see if Petro-Hunt has any experience with horizontal completions?  Of course any E&P can hire staff with unconventional asset experience. That might tell us something about their plans for this leasehold. The company's DeSoto mineral interest may give them some science to guide their opinion of the Bienville rock.  The step out seems too far to be of interest to established Haynesville operators but you never know.

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Permalink Reply by Ryan Howrish 10 hours ago

They do. They have operating companies in the Permian, Oklahoma, and North Dakota. They also have a non-operating interest in a large number of wells in East Texas and Louisiana.

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Permalink Reply by Skip Peel - Mineral Consultant 10 hours ago

Thanks.  Once their unit applications are approved we'll see if they follow up with well permits to drill.  The hearing date is October 7 and unless there is some industry opposition it should be approved.  That would likely increase interest in the undrilled sections in 15N-8W.

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