"Hi Bob, it is good to hear from you. Things have been quiet for a while here. Most of the landmen, surveyors, etc. we knew have had to move to other areas to continue working so if there is any activity, we are not hearing about it.…"
Your reply was not to me but I appreciate your post. Hearing what other companies have done or do is always a way to learn. The Samson thing should/ will be interesting to watch for sure. Can you tell me how you found out what the bids were on…"
"Hi Kathy, haven't talked to you in a long time. I'm going by memory but GMX sold the Cotton Valley wells to ETPC prior to the bankruptcy. GMX kept the horizontal wells but didn't drill any more. Tey got in…"
"That's very interesting Skip.
I saw action during the last 10 years with, mostly, newbies. They made many fundamental mistakes, as newbies are wont to do, and did many deals, by my reckoning, just to be doing deals. They knew the…"
"Believe it. A certain CHK official during the heyday of Utica shale in Ohio said there was more money in flipping leasehold acreage than in drilling wells. It was acquire a huge play acreage and find large investors to…"
Our Chinn Wells have been sold to a company out of Ft Worth named Trivium. I imagine. What you have stated is how it will all play out but honest I don't think Samson is even paying for what they are producing so it likely will…"
What do cross unit horizontal well mean?Got a division order from Chesapeake Energy today do that mean that all three sections that have been drill everyone have a share of the royalty or do you just get a share from the well in your section because…See More
"Gale, we received the same paperwork. Our only experience in a similar situation is when most of the GMX wells were sold in bankruptcy in about 2010. I do not know if it was at auction. All of the units we are in were purchased by East…"
Yesterday I received notice from the Bankruptcy court handling Samson's bankruptcy. It's a " NOTICE OF DEBTORS' MOTION FOR ENTRY OF AN ORDER AUTHORIZING DEBTORS TO SELL CERTAIN OIL AND GAS ASSETS FREE AND CLEAR OF ALL LIENS,CLAIMS,AND…See More
"I'm glad to hear that about the well cost.
Again, I'm not being a crank. Long term damage has been done to the credibility of the oil & gas business with the investor community.
My associates trying to raise money in Manhattan…"
As 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