Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 12, 2009 at 7:28

Thanks. Leasing by Chesapeake in southern Sabine would indeed be significant.

Permalink Reply by Mattie on September 14, 2009 at 10:38

Skip,

What appears to be the key to this renewed activity this far south? Is there a recent successful HS well in ETX or Southern Desoto, the Mid-Bossier Play extending from ETX, or both? Just curious if there was one or two key wells that had changed the game there.

Permalink Reply by Les Bamburg on September 14, 2009 at 10:53

Mattie, I would say several of the operators always were aware the Haynesville Shale was prospective into northern portion of Sabine Parish. Now is an opportune time to pick up additional acreage that does not have to be drilled until 2013-2014 time frame. The Mid-Bossier Shale play is also adding value. Just check Petrohawk's latest map of the play.

Attachments:

• Petrohawk Map 9-10-09.pdf, 230 KB

Permalink Reply by Skip Peel - Mineral Consultant on September 14, 2009 at 11:17

Mattie. I agree with Les but would add that Chesapeake's decision to shift it's development focus further south is creating a greater level of competition that has not existed before. The days of Encana and SWEPI having this area of the play to themselves is over. And Petrohawk will have to make decisions regarding some of their isolated existing units in the southern reaches of the Play. They may not have the capital to compete. And this may be an Encana vs. Chesapeake show.

Permalink Reply by ken hatcher on September 14, 2009 at 13:10

Has any one heard of merritt oil (lafayette ?) they are in northern sabine but kind of low balling....

Permalink Reply by Skip Peel - Mineral Consultant on September 14, 2009 at 13:19

ken. Can you use SONRIS Lite? If so, use the search for wells by organization name and enter, Merritt Oil. If they have ever drilled a well, it will be listed. If they have not, they are probably a land company. You can search the LA. Sec. of State website to see if they are incorporated in LA. and if so determine if the company is "in good standing".

Permalink Reply by ken hatcher on September 15, 2009 at 1:31

CORRECTION: It was merit energy,not merritt oil. Has any one been approached by merit energy?

Permalink Reply by jr on September 14, 2009 at 17:48

chesapeake drilled two wells aprox 2 miles west of the swepi well (murray)in sabine parish both of these wells are good. also forest energy drilled a well near ebarb noble area that was good. leasing picked up in that area soon after the well was drilled.lets not forget the swepi well drilled near zwolle the southern most well drilled by swepi it was an excellent well but the was damaged in the frac.

Permalink Reply by Norma LaJuan Welch on September 23, 2009 at 7:57

I own land in Many also. I have not been contacted regarding any leasing either. I am just hoping that I will be contacted. Please let me know if you hear anything. I would appreciate it.

Permalink Reply by Skip Peel - Mineral Consultant on September 15, 2009 at 3:07

There is no Merrit (or Merritt) Energy listed by the LOC as operating any wells currently or historically. That means the odds are good that they are merely a land company. Landowners approached by this company should inquire as to the actual E&P company that they represent.

Permalink Reply by Martin on September 15, 2009 at 9:07

I have heard from several land owners in 9N 12w that Merit Energy Services has been making lease offers of $1500/ac and 20% royalty in the higher numbered sections - 30 and up - in the past two weeks. No one will admit to accepting their offer or know anyone who has.

Permalink Reply by Skip Peel - Mineral Consultant on September 15, 2009 at 9:39

I would urge caution in dealing with this company. 25% is the standard royalty for this Play. And anytime I see offers which are less I have suspicions that those making the offers are planning to assign the leases to another party for a 25% royalty and keep the 5% differential as a portion of their profit.

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