Compared to Haynesville shale everything else is gonna look low and slow especially Tuscaloosa Marine Shale.The main proponent for the TMS is a landman named Dan Collins out of Baton Rouge.
He says that a speculative play like the TMS shoud get at least the price of a barrel of oil per acre and 20% royalty ( 25% if production rates start lookin up)at this point in time.
I signed last year for that amount on a three year lease and I'd be happy if they would just start drilling.The proposal got yanked off the Mississippi docket when the first well came in at 10 milion dollars (so I hear) and some of those would be partners started backing out(which did'nt make sense but so I hear)Compared to the Haynesville play the TMS is going like turtles running uphill through peanut butter(Crunchy)with a pack on their back.
I live and die by the tiny fragments of news coming out of this play and it really sucks.Just too exhausting,gonna get on with my life and quit thinkin about it. Still I must ask, who offered you the lease if you don't mind? I signed with Encore.
These are odd dynamics for a lay person. One day your grateful to see a 45.00 check come in for three months on an old well spudded back in 1985 then you find yourself having to make lease decisions for the next huge oil boom(yepper).I find it quite tiresome just to be pulled into the hype and circumstance but then feel compelled to follow it all through to fruition.
I've got an internet education on it and a realistic urge to forget about it.I'm tryin real hard to go with the latter.
This post was edited on 8/4 at 9:52 pm