"BD, I hear that WH has 2 rigs working the Terryville on a 2 year contract. Have you heard otherwise? I see they are also drilling in the Lisbon Field as well so I would assume they have more than 2 rigs working... Hope all is well."
"I have been approached by a Wildhorse leaser but we cannot seem to come to terms on a depth limitation. They say they are only interested in the lower cotton valley but will not exclude the gray sand below it and just above the HS. Just joined…"
I knew Sammie well and my family was very good friends of his. My mother was raised 4 or 5 mile east from there on White Lightning (Hwy. 146). She was a Deloney. Good to hear from you. I think business will pick back up in your area when NG prices pick back up.
Talk to you later.
I think Clayton Williams has formed or revised some units in the Terryville Field recently. If my memory is correct, they revised a couple of old units on the south end basically on Hwy. 544. I will check on that for you. They are probably waiting on better economy to resume drilling. I know there are some locations built (and have been since last fall) that I expect them to eventually drill. Where is your land? My mother was raised in that area.
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