Any East Texas landowners seing activity from the oil and gas companies regarding the Haynesville Shale? My family has some land in San Augustine County and we are starting to see some activity.

Is this the extremely deep shale that was recently discovered?

If so, yes, we're seeing some activity. I believe they're working on re-drilling a couple of our wells to hit all 3 shales that are there.

Someone like Comeby! who is in O&G can tell you lots more about it that me.

Yes it is very deep.

Northwest Louisiana is going crazy over the thing and word is that it goes into East Texas as well.

I know nothing.

no sh*t

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If so, yes, we're seeing some activity. I believe they're working on re-drilling a couple of our wells to hit all 3 shales that are there.

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The oil company may have leased the rights to a certain zone and would need to re-negotiate a lease to the rights to the Haynesville Shale stuff. There are some people around Marshall that are getting $10,000 a acre for leases of several hundred acres of land. Do not let some company rip you off.They are also getting somewhere between 1/2 and 3/4 % on the wells.

bigtone....how much land does your family have and what part of the county is it...also is it currently leased?

guitar,
Your numbers are way off base....

I was going to say the same thing but I was hoping with the sunglasses icon he was joking.

About 250 acres. Not exactly sure of the location. I know it's south of the city. Close to 103. My dad told me that some people are leasing land to Encana for $5,000/acre and 25% in that area.

Thats more like it bigtone.

I know a lot of people feel that they can hold out for more up front money. Some say in the $10k to $30k range per acre. Makes sense since you never really know if a well will ever get drilled on your land. Just have to hope you time everything right and don't get screwed if the hype dies down.

From what I've read it sounds like the big companies are involved and they're building up their capital to move in and buy up more land. Right now it seems like waiting it out is the right plan to let more competition move into the area. It will be interesting to see what other information comes out when all their 10-Q's get filed.

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guitar,
Your numbers are way off base....

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Really? I work in Carthage in the Petroleum industry and have seen the paper work of the family I am talking about.They were offered 7,000 a acre by one company and 10,000 by another.They are splitting it between the four siblings.

When I said 1/2 to 3/4 %. I meant 1/2 to 3/4 of 1. % interest in the well.



[This message has been edited by guitarboysdad (edited 7/24/2008 8:50p).]

[This message has been edited by guitarboysdad (edited 7/24/2008 8:51p).]

A little more info.

1.One of the sibling's son is a geologist who graduated from A&M.

2.The two companies who made the offers were Chesapeake and PetroHawk.

3. The 1300 Acres of land leased is around Waskom.


Yea, I don't have a clue.

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Really? I work in Carthage in the Petroleum industry and have seen the paper work of the family I am talking about.They were offered 7,000 a acre by one company and 10,000 by another.They are splitting it between the four siblings.

When I said 1/2 to 3/4 %. I meant 1/2 to 3/4 of 1. % interest in the well.

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I actually design and execute the work done to the wells. What are you a pumper? A water hauler? A slickline hand? You throwing out 'cred' like that means nothing to me.

When you say 1/2 to 3/4 of 1, that tells me 50% to 75% net royalty interest. You are smoking crack if you know of any company agreeing to those terms. The norm is 25%, I've seen as high as 30% in prime Haynesville shale area. If a company wants the land that bad they will go up on the $/acre lease and not so much on the NRI.

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A little more info.
1.One of the sibling's son is a geologist who graduated from A&M.
2.The two companies who made the offers were Chesapeake and PetroHawk.
3. The 1300 Acres of land leased is around Waskom.
Yea, I don't have a clue.

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<- PETE from A&M. Not some brother's uncle's roomate's pet dog's vet's kid. How about you?
Checkmate. Damn coffee shop oil tycoon.


[This message has been edited by Comeby! (edited 7/25/2008 9:38a).]

I would still like to see the $10,000 offer in Harrison County...I know no less than 25 people leasing land over there, some even for chesapeake, and I have heard no figures close to that. And like comeby said, no way a 1/2 or 3/4 royalty is being offered, the oil company would make $0, nada, nothing.

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What are you a pumper? A water hauler? A slickline hand? You throwing out 'cred' like that means nothing to me.

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I graduated from A&M and I am a water hauler or slickline hand ? Are you that ignorant?

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<- PETE from A&M. Not some brother's uncle's roomate's pet dog's vet's kid. How about you?
Checkmate. Damn coffee shop oil tycoon.

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Pete from A&M does not mean anything to me or anyone else on this board.You are the one claiming to be some big shot oil exec not me.Tell me Pete what "top three player" is in south Tyler?


I graduated from A&M in '88 and my name is Robert.
Checkmate?



I saw the 10,000 a acre offer and have no reason to believe the old man was lying about the % of royalty.




[This message has been edited by guitarboysdad (edited 7/25/2008 12:39a).]

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I graduated from A&M and I am a water hauler or slickline hand ? Are you that ignorant?

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Well then? What degree? Another 'get rich quick' landman? That's the only way I can justify the 'don't let the oil company screw you' comment, then spout off some stupid numbers.

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Pete from A&M does not mean anything to me or anyone else on this board.You are the one claiming to be some big shot oil exec not me.Tell me Pete what "top three player" is in south Tyler?

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Apparently it does mean something. Look at the second post on this thread. If you knew anything about oilfield in East Texas, you would know what company I'm talking about, many on Texags already know. I don't claim to be an oilfield exec, I've already described my job description, if you knew what you were talking about, you would know that that's not an exec position.

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I graduated from A&M in '88 and my name is Robert.
Checkmate?

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What did you study? Maybe that will give you some cred because your class yr doesnt.

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I don't claim to be an oilfield exec,

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Yes, the company man's boss.

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Maybe " The Bossman " would have been more acurate.

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Apparently it does mean something. Look at the second post on this thread.

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Just because your fellow posters know you work in the Oil and Gas industry doesn't mean anything. I am sure you have patted yourself on the back thousands of times on these boards.

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give you some cred

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Okay gangster.

After I got to work this morning I asked a couple of guys about the landowner I was talking about. They said he did get 10,000 a acre but that he either didn't say the right % or I didn't understand him. They believed he got .25%.

That doesn't make you any less of a obnoxious big mouth dooosh bag.

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They believed he got .25%.

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Like i said in my prior post, your numbers are off....again
He got 25% not 0.25%. I can tell you this, and I've never even seen the contract or met the landowners. Next time you get on the defensive when someone 'politely' tells you your numbers are off, make sure you know WTF you are talking about. Now get this saltwater off my location....idiot.


...and still no degree.



[This message has been edited by Comeby! (edited 7/25/2008 8:06a).]

My 9 year old is more mature than you. I was right on the amount per acre *****.

Dont be sad man, it'll be alright.

[This message has been edited by Comeby! (edited 7/25/2008 9:39a).]

Jesus you are a loser.

WOW...this thread has taken quite the turn of "internet tough guys"...I hope neither of you two are over 15 or this is really sad.

they are both frac's socks just spouting off to one another.

Oil industry...
9 year old kid....
lack of maturity....


YOU'RE BOTH FRAC!!!!!!

Who's Frac?

some idiot

Hainesville, not Haynesville.

Every geologic map I have seen actually spells it Haynesville, not Hainsville.

transfer is correct.

My grandma was offered a pretty good chunck to lease her 450 acres north of Marshall...she's thinking it over. Anybody else had any offers?

There is for sure activity if you are a land owner. I think big changes are soon to come.