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Started By
Message
re: Haynesville Shale
Posted on 6/17/08 at 8:54 am to justbill
Posted on 6/17/08 at 8:54 am to justbill
Sligo is very likely in the play, but the leases there are very old and are still held by production. Chesapeake and Hunt operate most of the field, so I'm almost 99% sure that one of those two companies are going to control deep rights in Sligo. I know when Chesapeake bought the field from Greystone they got 16,000 acres of leases held by production. And also, XTO just bought Hunt, so that might change things.
This post was edited on 6/17/08 at 8:57 am
2
Posted on 6/17/08 at 8:55 am to TigerDog83
quote:
I am so glad to have found this site. About three years ago, we leased our land to Pinnical Oil out of Shreveport. Of course, we signed the normal lease of $100 per acre and 3/16 royalty. There is a producing well in my unit. I live in North Sabine about 1/2 mile from the DeSoto parish line. I am wondering, how I and many more will be affected. Several years ago, no one knew this was coming. This is just a general lease that does not mention a depth. There are several gas wells in the area. I enjoy a small royalty check every month, but nothing like what might be possible. Do larger companies usually buy out smaller ones? The wells here now are mostly above 10,000 ft. I feel that I should try and gain some knowledge and not just take an "oh well" attitude.
If you had no pugh clauses in the lease than your deep rights are held by the shallow production.
Posted on 6/17/08 at 11:02 am to TigerDog83
We are in the township directly east of the sligo field. Not held by production, but underlease. Good terms on the lease but not the insane bonuses reported. Have had a lease before with no drilling. I have decent amount of acrage in the section, and just curious of chance of getting drilled in next 2 years.
Posted on 6/17/08 at 11:27 am to EliLafleur
If you are leased to Chesapeake there and you are not held by production than I would assume you have a very good chance of a well being drilled in your section. They are not going to want to lose any acreage they have under lease right now.
Posted on 6/17/08 at 12:00 pm to TigerDog83
My family has land in Panola County that has producing wells on them. She has small acreage in a 640 acre unit, and 32 acres in an 85 acre unit. The large unit is leased to Chesapeake and the smaller unit to Bowles Energy. Is it likely that Chesapeake would try to acquire this other land from the smaller company? My parents have already recieved some 6 figure offers for the royalties, that they of course turned down.
Posted on 6/17/08 at 12:28 pm to tallcoolone
I live out by the Cross Lake area, by Ford park, off of Pines Road and Yarborough. We just got an offer for $5500/acre and of course, 25% royalties (seems to be the trend as far as royalties go). Anyone able to give me some insight on that area, and maybe wether they are likely to produce gas there? Also, are they producing gas on mostly all the wells they drill? One of the landmen working for Twin Cities said they wouldn't be drilling if they weren't sure it would produce, but he could have just been blowing smoke.
I'm trying to decide what to do for later, either consent or non consent, depending on production. I know there are no definates, but I could sure use some sound advice. Thanks.
I'm trying to decide what to do for later, either consent or non consent, depending on production. I know there are no definates, but I could sure use some sound advice. Thanks.
Posted on 6/17/08 at 1:24 pm to flyb0y7
Seems like they wouldn't want to lease if they didn't think, think being the key word, there was gas there. Just my two cents.
Posted on 6/17/08 at 1:27 pm to olddog573
Landman could also be referring to if there are any dry holes drilled in the area. This would, in my opinion, limit drilling.
Posted on 6/17/08 at 1:33 pm to Bubba Hotep
How are you so well informed? Your office isn't on Travis Street by any chance is it??? 
Posted on 6/17/08 at 1:51 pm to shalepimp
"shalepimp" 
Posted on 6/17/08 at 1:56 pm to flyb0y7
flyb0y7, do you have less than an acre lot or more acres?
Posted on 6/17/08 at 1:58 pm to GeneralLee
I guess what I'm trying to say is, if production in all these areas is a sure thing, wouldn't it be better to just go 100% royalties on my lot, rather than take the upfront lease payout? Why is everyone signing for 25% if they're getting gas everywhere anyway?
Posted on 6/17/08 at 2:23 pm to flyb0y7
quote:
guess what I'm trying to say is, if production in all these areas is a sure thing, wouldn't it be better to just go 100% royalties on my lot, rather than take the upfront lease payout? Why is everyone signing for 25% if they're getting gas everywhere anyway?
If you can foot the 6 million dollars per well, and there was gas on your lot (ie someone drilled in the section next to you and hit it big) it might not be a bad idea.
Posted on 6/17/08 at 3:23 pm to LSU0358
So how does the non consent work? Do you have to pay out alot before it starts producing?
Posted on 6/17/08 at 3:48 pm to flyb0y7
I doubt you will beat them at the game by refusing to lease. There will be many alternate unit wells if they hit in your unit. At $6 to $8 mil apiece, it will be a LONG time before your unit pays out. If the production is not awesome, it may never pay out. Meaning you will be breakfasting on goose egg.
How much acreage or is it less than an acre?
ONCE MORE, ANYONE... how do you quote someone? Now, I see a quote button AFTER I hit Reply. I guess I copy the part I want to quote, hit the quote button and paste it in there? Reason I ask is most forums have a quote button you can hit before you Reply.
How much acreage or is it less than an acre?
ONCE MORE, ANYONE... how do you quote someone? Now, I see a quote button AFTER I hit Reply. I guess I copy the part I want to quote, hit the quote button and paste it in there? Reason I ask is most forums have a quote button you can hit before you Reply.
Posted on 6/17/08 at 6:25 pm to justbill
quote:
ONCE MORE, ANYONE... how do you quote someone? Now, I see a quote button AFTER I hit Reply. I guess I copy the part I want to quote, hit the quote button and paste it in there? Reason I ask is most forums have a quote button you can hit before you Reply.
When you hit the reply button, it will show their post at the bottom of the page. Just highlight what you want to quote, scroll back up to the top and click the quote button next to the emotions.
Posted on 6/17/08 at 7:22 pm to TigerFanatic1
I knew that. 
Posted on 6/17/08 at 9:28 pm to justbill
quote:
How much acreage or is it less than an acre?
Ya, it's only a half acre lot, so I really want to make the most out of it since I don't have 1+ acres. Thanks for the input. By the way, that $5500/acre offer was an offer I just got, and it was the first, so from what I've been told, that's a really good sign. I'm assuming they're really wanting to drill there since Twin Cities is a sub contractor for CHK. We have a town meeting tomorrow for my neighborhood, I'll keep y'all posted on what's going on over here.
Posted on 6/17/08 at 9:33 pm to flyb0y7
If you have a half acre, that beats a tiny lot. You can contact me at MyOilPro.com and I'll be happy to give you a little free advice. Just don't get long-winded on me. I'm a busy oil tycoon. 
This post was edited on 6/17/08 at 9:35 pm
Posted on 6/17/08 at 10:59 pm to TigerDog83
Can we really be sure that northern Bossier parish(township 22-23N) is really out of the shale, Bossier or Haynesville based on 2 dry wells? Also, what do you think the price is on mineral acres in that area right now. Should we wait to see how other wells come in beore we lease? I know everyne is so focused on Caddo, Desoto etc. Do you forsee anyone going into that area (N. Bossier parish) anytime soon? Thanks Tigerdog!
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