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Posted on 6/12/08 at 6:12 am to GeneralLee
If you go to that website, to the right they have a number of publications. Click the one titled "Understanding Natural Gas Markets."
Posted on 6/12/08 at 8:28 am to Latech80
quote:
I realize info is fluid, but I have my own motives, I guess. The family homestead falls within these coordinates: Section 13, Township 23 north, range 4 west, claiborne parish (Junction City, LA). Folklore has it that this entire area is covered with natural gas, but heretofore, it was to expensive to extract. Any thoughts or comments would be welcome on the matters discussed.
What you are likely looking at are general maps. Most major companies are not looking north of Township 19/20N. Samson drilled a dry hole three miles or so Northeast of Benton, and J-W drilled a dry hole right around Benton. 23N 4W where you describe is going to be way too far north to be in the shale. Companies might be leasing in your area, but it more than likely will not be for big bonus money because it will not be for the shale. You could have some other formations present, but not the Haynesville shale.
This post was edited on 6/12/08 at 8:29 am
Posted on 6/12/08 at 8:29 am to TigerDog83
Cmon dog, anymore info for us on the rampant rumors?
Posted on 6/12/08 at 8:31 am to TigerDog83
quote:
Can anyone comment on the rumor that extreme tempertures in the Haynesville may be causing big trouble?
Haven't heard this. My guess is that if this is true it would be an issue more of an issue towards the south portion of the play where the shale gets deeper. Caddo, Bossier, and North Desoto are only mildly over pressured, where Southern reaches are moderately over pressured.
Posted on 6/12/08 at 12:30 pm to TigerDog83
Anyone know what "rentals" are going for in South Caddo?
Posted on 6/12/08 at 12:42 pm to DrWAVeSport
Rentals:
Good question, something not usually focused on; historically, as you may know, they've always been in the $1/acre range. But, in this pricing environment, probably should be considerably higher......
most of the leases I've reviewed lately on the Haynesville have been "paid up leases", meaning -0- additional consideration for yearly rentals.
If you have any updated info on that, it would be appreciated.
Good question, something not usually focused on; historically, as you may know, they've always been in the $1/acre range. But, in this pricing environment, probably should be considerably higher......
most of the leases I've reviewed lately on the Haynesville have been "paid up leases", meaning -0- additional consideration for yearly rentals.
If you have any updated info on that, it would be appreciated.
Posted on 6/12/08 at 12:46 pm to TigerStuckinOkieland
Seen some leases with rentals of about $25 per acre. Asking for some high figure is probably not going to work. $25 per acre per year is a pretty good rate. Most leases are going to have a clause saying that the shut in rentals cannot maintain lease longer than 1-2 years anyways.
Posted on 6/12/08 at 12:54 pm to TigerDog83
Thanks, TD83. Your posts are great--thoughtful, informative and not so complicated that a newbie can't understand.
Posted on 6/12/08 at 12:59 pm to TigerDog83
For more information per "rental" go to:
LINK
Then go to "Lease sale & tract history; then choose date; then check "rental" column Most recent dates are recorded thru 6/11/08 (Info provided by Melinda @ Haynesvilleshale.ning.com
I am looking at Caddo/Bossier/Desoto/Red River/Bienville/Nachitoches specifically
Let me know what you guys think. Thanks for the information grapevine!
DrWAVeport 6/12/08
LINK
Then go to "Lease sale & tract history; then choose date; then check "rental" column Most recent dates are recorded thru 6/11/08 (Info provided by Melinda @ Haynesvilleshale.ning.com
I am looking at Caddo/Bossier/Desoto/Red River/Bienville/Nachitoches specifically
Let me know what you guys think. Thanks for the information grapevine!
DrWAVeport 6/12/08
Posted on 6/12/08 at 1:05 pm to DrWAVeSport
Wave you are looking at the state lease sale data. State lease sales have always been a closed bid process. Rentals apply only on these state lease sales to the tune of 1/2 the original bonus per year. This is probably in response to the highly competitive nature throughout the years mainly on the offshore state bids. Once a well is drilled these rentals are not due. This was a good incentive to "drill or drop" leases, especially offshore. Not something that private landowners will ever be able to demand in a lease.
Posted on 6/12/08 at 1:12 pm to TigerDog83
When I say rentals at $25 per acre, I mean shut-in rentals, FYI. Rentals like the state charges are not going to be attainable for private landowners.
Posted on 6/12/08 at 2:13 pm to olddog573
Just heard Chesapeake plans to have 54 rigs in Desoto, Red River and Sabine. Don't know anything else. Anyone else heard this?
Posted on 6/12/08 at 2:15 pm to olddog573
Don't know who would have been able to tell you that. The only released statements from CHK are that they will have 12 rigs in the play by year end 2008, and at least 30 rigs in the play by year end 2009. You have to assume this will increase if the play materializes. CHK also has 500,000 acres that must be drilled to hold leases, and that number is growing by the day.
Posted on 6/12/08 at 2:19 pm to TigerDog83
quote:
and that number is growing by the day.
Feel free to elaborate... I noticed you made reference on the yahoo boards to some action (consistent with what you said here).
Posted on 6/12/08 at 2:23 pm to igoringa
Is the pipe shortage easing at all? Heard this was/is impacting the number of wells that can be drilled.
Posted on 6/12/08 at 2:55 pm to TigerDog83
per rentals...No private landowner will receive this, no matter the acreage size? Are you sure? If no royalties are paid because of no production, then why would it matter if the leased property was state or privately owned? Or, are rentals "historically" paid to the state and not private landowners?
Thanks,
Thanks,
Posted on 6/12/08 at 2:57 pm to DrWAVeSport
Rentals are historically paid to the state. This practice has only applied to the state. A lot of this precedent is from the offshore state tracts that were so heavily explored off the coast and in the inshore waters of south Louisiana.
Posted on 6/12/08 at 3:39 pm to TigerDog83
any news on the daily production rate of some of these wells
Posted on 6/12/08 at 4:20 pm to TigerDog83
they missed it by 15. guess they need to be paying attention to tigerdroppings.
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