re: Haynesville Shale

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My mom's side of the family is all from Kingston, and I believe we own some decent acreage there. I know they have had some good action in the past few years, but I really don't know that much about it. How does the Haynesville Shale impact/interfere with the Cotton Valley formation?

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It really doesn't. It is a bit deeper, and my best guess is the wells will be drilled separately most likely instead of commingling the Cotton Valley due to pressure differences. The only thing would be if there are depth clauses in your original leases. If not, shallow production will hold rights, but if there are depth restrictions (pugh clauses) in the lease the deep rights probably can be leased now for a big bonus (below the current deepest producing formation). Other than that the Haynesville royalties will be in addition to the Cotton Valley. In an area with good Cotton Valley production the mineral owner will be making tremendous money with both formations producing.