"I guess I would like to know how soon permits will be issued on the sections that are pending?
I am sorry, but this is all new to me. I presently have three section that connect in the middle
of my property on highway 961 above…"
"Skip, I am unleased. A gas well came in and started producing Feb 2012. The well is located in the same Section, Township, and Range as my property. I contacted the Operator who said that royalties will be paid as soon as payout is…"
"I'm hoping that this is someone looking at the lower/deeper area to the South. I have someone interested in this area but they want to see 3-D of the area and there is none. If I can get these two groups together it might help extend the area…"
Those are the figures that I've heard plus the last company wanted an option included. So they really had a 6 month free lease. I have a problem with that at that price. The $50 with an option I would consider."
I notice that Goodrich drilled the Blades well and is drilling Verberne and Williams. When will we see Halcon drilling in the area? Do you think they are waiting to see results from Goodrich' wells?"
"The going rate that I've seen is $25 per acre. If you're in a good area, maybe $30 per acre. Two years ago, Global Geophysical performed a survey which included my property. Their one page "permit" was worthless and we…"
From what I gather, its a spec. shoot.
Sounds good to me. I just hope it extends to the Southern area of the play. I've been in touch with someone that's interested in the area but the first thing they want is 3-D seismic."
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