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Message
re: Haynesville Shale
Posted on 7/26/08 at 11:24 am to gingles
Posted on 7/26/08 at 11:24 am to gingles
My Dad graduated and taught at LSU in the late 50's and early 60's. I remember him taking me to see Mike the Tiger when I was a little girl. I married a BAMA fan and to keep peace for 23 years I converted. But, when in LA for the games I wear purple and gold.
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Posted on 7/26/08 at 11:33 am to ElmGrove
Thanks for your post. It must be realized that those of us that are out of state are not in the loop. Fortunately, the seismic company and some of the O&G guys off of the record so to speak are keeping us very informed now. When I got the call it was early in the game. We now have been educated on some of the laws in Louisiana. WE now have a mineral rights attorney who has told us what is fact and what is not. The funny thing is I was born in Louisiana and all of my relative still live ther with the exception of my brother. But, only one relative is connected to this property that lives in LA and he is not communicating. We have inherited this land from my Father and Mother with my Dad's recent passing. My Dad graduated and taught at LSU. But, I was shocked at the ugliness of the post by the folks. If my attorney was wrong I would have expected someone to help us out by telling us he was in error and not respond with ugly sarcasm. I can only repeat what we were told and accept it as fact until told otherwise. AS I said we do have an attorney that specializes in this area and we have good information coming from those willing to help. By the way it was confirmed that we do have it in our area but, I won't be posting any details or info for fear of negative responses. Thanks again. 
Posted on 7/26/08 at 5:27 pm to justbill
quote:
I already did. You don't have an out. HS gas can obviously migrate to the wellbore; it's conventional. Liquids and gases
Sorry, I missed the earlier answer. Thanks for your reply.
This post was edited on 7/26/08 at 5:30 pm
Posted on 7/27/08 at 1:09 pm to gingles
I'm told that parking space at the Claiborne Parish courthouse in Homer is at a real premium right now due to landmen stumbling over each other. According to the DNR website, drilling activity is definitely moving eastward. I understand they recently dropped a nice oil well between Homer and Junction City, with the placement being closer to Junction City. Another well is expected to go in before the year is out.
I take it this is outside the Haynesville Shale development. Is this part of the Haynesville Sand formation, CV, or Smackover formations? Any news about activity in this area would be helpful.
I take it this is outside the Haynesville Shale development. Is this part of the Haynesville Sand formation, CV, or Smackover formations? Any news about activity in this area would be helpful.
Posted on 7/27/08 at 2:57 pm to Latech80
does anyone know if CHK is doing any drilling, there are so many small different companies, it makes it hard to know. They have alot of land leased in North Sabine Parish, but not heard of any wells being drilled.
Posted on 7/27/08 at 4:17 pm to copalot
I heard Chesapeake will not be leasing any more land in Sabine. Will be pulling out this week due to land prices. 
Hope it's only a rumor!
Hope it's only a rumor!This post was edited on 7/27/08 at 4:19 pm
Posted on 7/27/08 at 4:53 pm to olddog573
The Haynesville shale falls into the category of unconventional resources along with other shale gas formations, oil shales, heavy oil plays, tight gas sands, etc. They are profitable due to advances in technology (i.e. horizontal drilling, slickwater fracturing, etc) and high prices.
Posted on 7/27/08 at 5:08 pm to TigerDog83
And while we are at it a disturbing trend lately is all of these landowners who leased within the last two years at the going rates at the time. These people feel as though they were cheated, with many posting absurd comments on other boards and a ridiculous letter printed in today's Shreveport Times. Nobody is entitled to anything, and this is an alarming trend in America. Now you have people who want to have legislation making all bonus payments equal in a section. That's not only absurd, but that could constitute government price controls and is a socialist concept. Then you have the groups looking to form class action lawsuits against companies who leased them early on before the price escalation. We have gone astray as a country when people refuse to be accountable for their actions. These landowners had the option to wait, research, talk to their neighbors, or seek professional assistance. They chose not to for whatever reason. They should thereby be held accountable by their signature, and they will be bound by the legal contract they signed. It is extremely disheartening and disturbing that anyone could be so greedy and irresponsible as to attempt a lawsuit when their own actions put them in their situation. I'll step down from the soap box now, but this is disturbing trend, and is not limited to just lease bonus payments in our country.
This post was edited on 7/27/08 at 9:42 pm
Posted on 7/27/08 at 5:18 pm to TigerDog83
I agree 100% TigerDog. I leased in May and could have gotten more had I waited another month but I'm not complaining. **I** made the choice, no one twisted my arm.
And you are right..its ridiculous for people to think that everyone gets $10k/acre & 27% royalties. The problem with the Internet is that people who do end up with these deals get on here and brag about it and other people start feeling entitled.
A year ago the most money we could make on our pasture land was the 2 or 3 hay harvests. Sheesh. People need perspective.
Also, I'm sorry for the people who only own 1/2 an acre under their house. You're just not going to make a couple of million dollars from that. Take the small windfall & enjoy it. You didn't buy your house with any type of preconcieved idea that you were going to get rich off the gas underneath it.
And you are right..its ridiculous for people to think that everyone gets $10k/acre & 27% royalties. The problem with the Internet is that people who do end up with these deals get on here and brag about it and other people start feeling entitled.
A year ago the most money we could make on our pasture land was the 2 or 3 hay harvests. Sheesh. People need perspective.
Also, I'm sorry for the people who only own 1/2 an acre under their house. You're just not going to make a couple of million dollars from that. Take the small windfall & enjoy it. You didn't buy your house with any type of preconcieved idea that you were going to get rich off the gas underneath it.
Posted on 7/27/08 at 5:22 pm to CAD703X
Posted on 7/27/08 at 5:23 pm to Flop
I liked the rocket better.
Posted on 7/27/08 at 7:26 pm to TigerDog83
T-dog:
Hmmm.
Hmmm.
This post was edited on 11/1/08 at 9:22 am
Posted on 7/27/08 at 7:57 pm to TigerDog83
quote:
And while we are at it a disturbing trend lately ...is not limited to just lease bonus payments in our country.
TD83
I do hope that these comments are not directed (even partially) at my post. After all, we are gentlemen here (at least some on this board). While I'm not crazy about the lease bonus my Mom got, I understand a contract is a contract.
I respect the expertise that I've seen from you and JB and others on this board and was asking advice.
Specifically, our lease has an addendum with several mods to the standard lease language, and I was wondering if our cousin had anticipated the HS and written it out of the lease. I think it's a legitimate question to ask what the lease(contract) covers and what it doesn't. I wasn't looking for some legal angle. As I said, this lease dies in about 21 months and if this play is for real in central DeSoto Parish the issue will self-correct anyway. It's going to take a long time to drill all the wells I'm hearing about.
Anyway, all due respect, thanks to you and JB and others here for sharing your knowledge. I won't debate politics here and ya'll don't have to thank me for it.
Posted on 7/27/08 at 7:59 pm to ElmGrove
Your arguments are illogical and should be ignored. How about you misconstrue his statements a little more because I'm sure you could probably portray TigerDog as Hitler before long if you wanted to.
If oil companies "misrepresented" themselves in anyway while attempting to procure the contract, then that's one story. The company should be held totally accountable FOR LYING. But offering someone a lease and having them sign it is by no means misrepresentation.
You make these blanket assumptions about "being lied to". How do you jump to the assumption that these people were all lied to? If they can prove CHK or anyone else truly told them information that was untrue, then more power to them. They deserve to get whatever they win in court. However, they were at the very least paid what was the going rate for leases in the area for a long time and stand to decent sums of money over the next few years regardless of how much they received upfront.
Somehow you have tainted the argument to say that LSU wouldn't be here if it weren't for taxes on Oil and Gas? I think he was saying that most of these people are suing although they were leased for totally valid amounts. When the oil company puts up 8 million dollars to drill a well, they are taking on risks as well.
If you want to talk about increasing taxes on oil production (which wasn't even mention AT ALL), think of the economic effects the 80s oil bust had on our state. Increasing taxes on production only amplifies the effect such downswings have on our state's economy.
But instead of thinking logically you liken signing a contract to getting injured on a job and not being able to sue? That's ABSOLUTELY illogical. How in any way is it similar to that with the exception that you used CHK and set your little simulation on a rig?
You ask to not be insulted, but I think you have insulted yourself enough.
If oil companies "misrepresented" themselves in anyway while attempting to procure the contract, then that's one story. The company should be held totally accountable FOR LYING. But offering someone a lease and having them sign it is by no means misrepresentation.
You make these blanket assumptions about "being lied to". How do you jump to the assumption that these people were all lied to? If they can prove CHK or anyone else truly told them information that was untrue, then more power to them. They deserve to get whatever they win in court. However, they were at the very least paid what was the going rate for leases in the area for a long time and stand to decent sums of money over the next few years regardless of how much they received upfront.
Somehow you have tainted the argument to say that LSU wouldn't be here if it weren't for taxes on Oil and Gas? I think he was saying that most of these people are suing although they were leased for totally valid amounts. When the oil company puts up 8 million dollars to drill a well, they are taking on risks as well.
If you want to talk about increasing taxes on oil production (which wasn't even mention AT ALL), think of the economic effects the 80s oil bust had on our state. Increasing taxes on production only amplifies the effect such downswings have on our state's economy.
But instead of thinking logically you liken signing a contract to getting injured on a job and not being able to sue? That's ABSOLUTELY illogical. How in any way is it similar to that with the exception that you used CHK and set your little simulation on a rig?
You ask to not be insulted, but I think you have insulted yourself enough.
Posted on 7/27/08 at 8:09 pm to GerryDiNardo
Thanks
This post was edited on 11/1/08 at 9:22 am
Posted on 7/27/08 at 8:40 pm to ElmGrove
My point was that it is ridiculous that landowners would even think of suing an oil/gas company because they leased for less money than the lease is worth now. Anyone with any experience in business should be able to comprehend that. There is no way to even come up with a method to valuate any lease because the value of leases is always changing. If a landowner leases for huge money and then a dry hole is drilled nearby would it be fair for the oil/gas company to sue you to reclaim the bonus they paid you? Absolutely not. Same premise applies to landowners. Nobody could have even predicted prices would escalate to where they are. That is the nature of business sometimes. All your illogical comparisons were way off topic, and have no merit on this point. My point was that people should be held to their word when they sign a document (and will) instead of suing because they didn't get enough money on a signing bonus. That's greed at its finest.
Posted on 7/27/08 at 8:57 pm to TigerDog83
yeah?
This post was edited on 11/1/08 at 9:23 am
Posted on 7/27/08 at 9:04 pm to ElmGrove
quote:
As for myself, I was in Honors Division as an undergrad.
My first semester, I made straight A's carrying 20 hours (an overload) and working a job in geology.
Posted on 7/27/08 at 9:10 pm to CAD703X
Once again you continue to go off-topic. None of your questions are relevant, nor are many of them your business. My comment was general, not directed towards any individuals. You have yet to respond to my comments. I doubt a whole lot of people were lied to. Does agreeing to lease land for a price which was the going rate at the time constitute lying? Almost certainly not. You assume that everyone was lied to, which would be incorrect to do. Lying would be very hard to prove and would constitute making someone sign something using deception, which is pretty hard to do most of the time and probably has only happened in a select few cases if at all. My point was that it is wrong for anyone to sue just because they didn't sign for a high bonus. That's crying over spilled milk. Once again I ask if somebody leased you and then drilled a dry hole would the oil/gas company have a right to sue you for their bonus money back? They would not. The same principle applies to landowners who want to sue the oil/gas companies for signing a lease for a bonus cheaper than we are seeing today. People are letting greed could their judgement. The rest of your comments are way off topic and don't come close to applying to this discussion.
This post was edited on 7/27/08 at 9:13 pm
Posted on 7/27/08 at 9:16 pm to TigerDog83
anyone familiar w/Lincoln parish? the GIS map is under construction at DNR, so i couldn't plot it.
...mcf numbers look really good, if accurate.
COMPANY: Chesapeake Operating Inc., HOSS SU28; Givens 2: 002-Alt., 236818. WHERE: Simsboro Field, S. 2, T. 17N, R. 4W. DAILY PRODUCTION: 477,000 mcf gas on 48/64-inch choke; 46.76 barrels water. PRESSURE: 398 lbs. SPECIFICS: Hosston; perforations, 8,033-9,529 feet, depth, 9,790 feet.
eta - i see where the formation is Hosston.
...mcf numbers look really good, if accurate.
COMPANY: Chesapeake Operating Inc., HOSS SU28; Givens 2: 002-Alt., 236818. WHERE: Simsboro Field, S. 2, T. 17N, R. 4W. DAILY PRODUCTION: 477,000 mcf gas on 48/64-inch choke; 46.76 barrels water. PRESSURE: 398 lbs. SPECIFICS: Hosston; perforations, 8,033-9,529 feet, depth, 9,790 feet.
eta - i see where the formation is Hosston.
This post was edited on 7/27/08 at 9:23 pm
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