Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on August 20, 2009 at 6:47

Abundant and cheap. Sounds like the solution to our national energy needs! Maybe we should remind America's Natural Gas Alliance to mention that in D.C. When the market gives us lemons, make lemonade.

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Permalink Reply by The_Baron on August 20, 2009 at 6:58

look at my posting on this weeks storage report. We are lucky its not lower.

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Permalink Reply by Skip Peel - Mineral Consultant on August 20, 2009 at 7:08

Yeah, I saw it and read some warnings from Les. So it's not a surprise. It is however a disappointment that the market doesn't seem to have reached a bottom.

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Permalink Reply by sesport on August 20, 2009 at 12:26

Thanks, SB. I'm peeking between my fingers. lol Here is where I invoke an old adage ... "It ain't easy (to drill), but it (the ng) is cheap." Don't be surprised if Skip "resembles" this. :-P

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Permalink Reply by Skip Peel - Mineral Consultant on August 20, 2009 at 12:27

No. The one I resemble is, " I may be small, but I'm slow".

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Permalink Reply by sesport on August 20, 2009 at 12:57

Huh ... OHHHHH!!!! lol IMHO, these prices certainly are "small," hopefully not so slow coming back up. I KNOW, I KNOW ... probably at least mid to late 2010. :0)

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Permalink Reply by amigo1 on August 21, 2009 at 7:02

Do you knoqw what will happen no? I am with Hunt/XTO and heard that it had to go to 4.25 before they would be able to hold their own and do anymore. I have not received any$'s and the well that I am attached to has been shut down. We have not received the division order yet and I don't think they will pay until that is complete. Can you shed some information on this?

Mtr

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Permalink Reply by little ole 1st grade teacher on October 3, 2009 at 5:26

My sister and I have been trying to get a handle on this.....we thought that we had made some headway about 3 weeks ago with getting the Division Orders completed and mailed; however, we've not had any contact with them since then.....we can't seem to get them to answer. Here is an e-mail address that you might check out to email someone who was supposed to be getting this Division Order to go through:

Carolyn_Dean@xtoenergy.com

Deanna_Garcia@xtoenergy.com

Maybe you can have better luck than me.

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Permalink Reply by The_Baron on October 5, 2009 at 7:16

If your DO has been mailed back, your next "communication" will be a royalty check

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Permalink Reply by Bob on October 3, 2009 at 15:08

amigo, it's not the worst thing in the world for you if they drag their feet a little bit.By dragging their feet I mean not selling the gas right now. Timing is everything on this deal. take my situation for example. I sign in 2006 for $150 an acre and a year or so later people are getting $20000. then they complete my well in may and I get my first check this week for @2.82-3.17 gas for three months where a year ago it was $13.00. Now I realize it wasn't that high for very long but these wells go down pretty quick and the first six months you would like the price to be decent. bad timing.

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Permalink Reply by David on October 5, 2009 at 8:39

Bloomberg shows November gas at $5.00 at 1514 EST.

They also have an article, Natural Gas Futures May Rally Toward $5: Technical Analysis, you may find interesting.

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Permalink Reply by Bill R on October 5, 2009 at 9:06

Yeah, and the little widget on this site shows it over $5 and climbing.... "I like this trend!".... hopefully we see this continue... be nice to 'off-set' my losses that my 401K, Stocks, and Real estate took during the 'free-fall'... as well as for all the rest of those in the O&G industry affected by past decline.

MY MOM ALWAYS SAIN TO THINK OF THINGS HALF FULL INSTEAD OF HALF EMPTY!

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