"This from the merger conference call:
I'm noticing on Slide 7, James Lime spending in 2014 is up significantly from 2013. Is that a function of having the wherewithal to go after that a little more? Is that a function of gas prices have gone…"
"Not of the entire area. Crimson posted on their latest presentation the units in San Augustine County that they believe are in the play. Forestar has more acreage leased in Sabine County and Devon has a good bit of acreage in both Counties."
"I listened to some of the IPAA conference calls this last week and was surprised to hear that Forestar has an agreement with Devon that covers 22,000 acres in San Augustine and Sabine County for the James Lime and they were actively leasing…"
AL, saw your discussion on Haynesville LIME. Not sure what the maps will eventually look like, but my own hunch is that the lime will end up being a big deal.
The area in NW Shelby where our minerals are located has had pretty poor well results, including Devon's recent HA completion with their Adams 1-H which only came in at 1.5 mmcfd. Our minerals are right next door to that well and yet Devon still pushed to get our lease done AFTER they had these unimpressive numbers from the Adams well.
While negotiating the depth clause for our lease, Devon was adamanent that the HA Lime be included in the lease. Makes me think that the Lime is really their main target for the area.
Not entirely sure what Devon is doing but you sure cannot discount them, my concern is on the Patterson 543 well (OLYMPIA) It is 4 miles North of my underwater stuff. Kinda think I am going to be in fair shape with a little luck!
This new smackover well forest is doing leads to some real mystique to our areas(7-17-13-W) because that could be more than dry gas. The hall well may confirm that. The smackover gives up condensate and gas. Just my thoughts...not going to mention this on discussions...the sergant at arms would get me. thanks, Ken $$$
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