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Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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Frances
P.S. Mills says hi, too!!
We do have two small interests, leased, but not producing, in Marion County - one in the The Gray Bonham 160 acre tract in the Robert Potter Survey, North, East and West of Caddo Lake on the state line and one in the E.E. Easterling 220 acre tract in the Martin G Nall Survey A-300, also on the state line North and West of Caddo Lake. The three year leases will run out in less than 1 1/2 yrs. We look forward to renegotiating if there is no activity before the leases terminate.
We also have two small producing interests in the Cotton Valley Formation in the Elm Grove Field (gas) and in the Redland field (gas and oil) West of Springhill, both in Bossier Parish. Old leases with no Pugh Clauses and not much chance of our being able to participate in the Shale there.
I spoke to Paul Wood, oil and gas lawyer, in Bossier yesterday who told me his business was about to fall off, probably, next week. Are you staying busy?
I understand that the price of gas needs to be closer to $6 than the present $3 before Chesapeake and others can make a decent profit. Does that sound right?
Please keep us posted if anything interesting happens and it is so good to be back in contact with you. Please tell your family hello for me(Frances aka Cissy).
Thanks,
Frances & Mills