re: Tuscaloosa Marine Shale

quote:

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any word on what a typical lease is bringing in for a landowner with mineral rights?

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Last I heard was $300/acre, but so far it's based on what could be called reliable "barber shop" talk. I have not talked to any land holders. From what I understand, it was $200/acre about the beginning of 2011. Still a universe away from Haynesville.

This is the third well in the area in recent months that are substantial producers (depending on what your idea of substantial is). The other 2 Wells: Well 1 Well 2

So in round numbers:

1800 BOPD
2100 BOPD
3000 BOPD