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Permalink Reply by Bobi Carr ("parker") on September 14, 2009 at 10:46

"The deal itself is phenomenal," he said. "Fifty-five hundred dollars an acre is better than anybody's been offered in the Marcellus Shale. It puts it on par with the money that's being offered in the Barnett Shale in Texas."

JHH,

Considering that the HS is purported to be 3 times better than the Barnett, I don't see any land owners jumping at 20%. Also don't forget that many areas will be productive for Middle Bossier, and the misc. Cotton Valley and Hosston production. Oh, and don't forget there may be additional gas in the Smackover.

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Permalink Reply by Grillin' - MmmMmm on September 14, 2009 at 11:22

This deal is double the rate most were getting in the Marcellus so its a great deal. The lease itself is over 50 pages long is pretty much no deduct lease, including production taxes (which PA doesn't even have yet, but their Gov. has been trying to put in place). Here's a link to their lease:

http://www.thefriendsvillegroup.org/lease.pdf

BTW, got this through a link on GoMarcellusShale.com! Thanks Keith!

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Permalink Reply by JHH on September 14, 2009 at 12:16

Big WOW!

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Permalink Reply by JHH on September 14, 2009 at 12:16

parker... I agree completely. jhh

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