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Permalink Reply by po boy on August 14, 2008 at 7:34

Thast was my Gut Feeling but I was toolazy to look> Thanks for the post.

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Permalink Reply by ETOilman on August 14, 2008 at 8:29

And this applies to this how?

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Permalink Reply by po boy on August 14, 2008 at 12:35

As I understand from your posting you are a veteran old school landman, with about 30 years experience in the field. In your opinion have the remaining landholders priced themselves out of the market? And why did the two big players chk and petrohawk suddenly start paying so much a third of the way into acquiring the acreage they wanted? Was it more about control(position) than actual value?
Educate us.

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Permalink Reply by ETOilman on August 15, 2008 at 3:46

Good questions po boy. I think that Chesapeake and Petrohawk have priced many of the smaller independents out of the market over there for sure. I think that might have been the plan all along. I am not sure why the two big boys went after each other. I think the prudent thing would have been for them to have met and worked out areas of interest and split the costs between them. Not too good for the landowners, but business is business. I think they have pulled back lately to try to ascertain exactly what they have acquired and to further solidify the positions, (ie...fill in the blanks) they already hold. The price on NG is not helping matters and the lack of pipeline capacity is a problem as well. I do not know what the effect of shutting in a Haynesville well does to the flow rates.

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