DrWAVeSport

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ElmGrove = DrWaveSport.

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TigerDog83,

In this instance, you are 100% wrong.

DrWAVeSport 9/2/08

Elm Grove, hang in there!

Re: RRT Trust 30 and Moncla 31 wells off South Wallace Lake Road (very south Caddo): Sec 30 T16N R13W Field #9715 Spud date on RRT 3/21/08; No spud date on Moncla 31

You Field Guys out there, have any comments per the above? I cannot seem to find anyone who wants to comment. Thanks!

Dear TigerV: (I am trying to improve my blogging etiquette.)

Thank you for the dialogue that you have been a large part of on this blogging venue. I do not want to give you the impression that I am at odds with you. On the contrary, I wholeheartedly agree with you on many points. I just think we are coming to this discussion from two separate paths that (hopefully) will merge to the same place: a positive growth for all who are involved in this Haynesville shale story.

I apologize to you if I misunderstand or misinterpret some of your points and if I am not better relaying to you some of mine.

I joined this discussion in an effort to better understand the curent atmosphere that surrounds NWLa. And, believe it or not, you have been extremely helpful. I applaud you and the other "in the know" bloggers who are sharing vital information with those of us who are getting involved from the landowner's standpoint.

I read everything that you blog, disagreeing with some things, but agreeing with many others. And, I have been interested in all of your opinions. You have given me many points to "chew" on concerning this business of O&G and E&P.

Thank you for all the information that you have provided for so many. I do appreciate receiving your comments.

DrWAVeSport 6/8/08

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Contrary to what a lot of people on this board think, this play is still not defined, and for any one person to come on here and say that the OG companies know what is under the ground and are just trying to screw the land owners is full of shite.

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This is a "PLAY." So far so good. The only thing that is going on in NWLa is the "PLAY" per se) portion of an O&G stake. The 1st act of this play is the leasing up of land. And...that is what has to be timed by the O&Gs and the landowners.

Under your premise, then Chesapeake, and PetroHawk and Goodrich, etc., have made statements to the press, shareholders, bankers, and institutional investors...that they are betting the farm...on..."that the OG companies know what is under the ground" and exactly how to get to it, and they are going to bring great returns to their stakeholders in the future! Under your premise...No such thing yet exists in reality... They even "outed" each other in order to get their own stock prices moving.

"...CHK still leasing, just having to pay more than in the past."
"Have improved drilling efficiency and reduced average days to drill...20-25 days."
"Increased rig count to 45 rigs, to accelerate acreage development, increase production and capture strong returns."

If you are correct...and all of this $$$$ is going nowhere...but in leasing contracts and promises of royalty payments...? You tell me, then. Data are coming soon, just hold on for a few more months.

Nothing personal...you contradicted yourself from one paragraph to your next paragraph. Defined the field yourself (in the 1st) and turned around and "Contrary to what a lot of people on this board think, this play is still not defined." (in the 2nd)

Your comments are true oilfield talk if I ever hear it. (My Father retired from O&G...have heard it all my life). Retired when the last bust came into Ok, Tx, and NWLa...not pretty.

If there is any segment of the "PLAY" that is responsible for the higher Bonus$, the higher royalty %ages, the landmen being frustrated over landowners' informing themselves and requiring better leases, the slightly "higher cost of doing business in NWLa, and Ft.Worth,Arlington, Tx, etc., etc., etc....
Then it's the O&G companies themselves who let that one go! They messed up! They couldn't stand it anymore...and had to spill the beans to the press. Not the landowners. For whatever the reasons...they drop kicked this barrel over on their own heads!

Quit blaming everyone else for trying to pay attention and becoming their own best advocate...sounds like sour grapes to me.

DrWAVeSport 6/8/08

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I laugh when I hear these people who have land way up North or way down to the South who think they are in the shale and are holding out for offers. People are leasing in these places, but it's not going to be for big money because it's not going to be for the Haynesville shale.

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Homeowners/everywhere around Sport and Bossier in particular/No one is going to drill for O&G on your property....However...Several Subdivisions are being offered $10K per homeowner.

If you are a homeowner...without any substantial property...the Bonus $$$ are going up, just same song...second verse...as in the Barnett.

Evangel just leased $10,700/acre. I don't know who will be laughing last. But no one around here is signing for much less.

And...Just heard...leases going for $15K between Ellerbe Rd. and Norris Ferry (south Sport).

No company is going to stop leasing right now...There are at least 10 O&Gs that I know are leasing right now...right here.

Again...I agree with other speculating bloggers...It is the mineral owner's choice. So, do your homework and contact several companies, don't wait for them to send you a generic letter.
(Have received 4 letters in 3 months, myself)

Go to: ning.com and visit "Haynesville" and get some different stuff there. Go every place on the web you can find...lots of chatter out there.
And no one is "laughing" at you.

DrWAVeSPort 6/7/08 a.m.

Are you saying that local O&G attorneys are not knowledgeable about O&G contracts and some of the most simple stuff "AFEs." Come on now....I think thou protests too much....Statutory force pooling are scary words for most...

I never saw an individual landowner issued and AFE for what we are talking about. And if these plays are worth the contract papers they are written on...everybody needs to take a deep breath and relax alittle.

Everything will be OK! Promise!

Landowner in Bossier parish has property all over the parish, mostly around the Central section/Red River side on up to Benton.

Drop in the bucket, per the O&G companies...They have already made their money from the initial leases in each of the plays they have been involved with during the past 3 years...let alone the rise in their financials, stock and balance sheet #s. By the next quarter or two...They better have something to show to their stakeholders...so should be seeing some major claims in the near future for this run to keep getting sold by the O&Gs.

FYI, two wells going in half a mile from my property two miles south of Shreveport, Caddo.
Still haven't leased. But...my neighbor did for $9,000/acre and 25% royalty.

Per leasing with land men: Good friends of mine leased this past Fall 100+ acres in south Caddo parish for $120/acre and small royalty...my neighbor just signed lease on 13 acres/$9,000/acre and 25% royalty...7+ months have passed between these two deals. One signed through a representative of an O&G co. and one signed directly with the O&G. The JP Morgan fellas believe that lease-hold (interest only) contracts per acre (with some kind of computer mumbo-jumbo about a royalty calculation worked into their computer models) are worth (to the mineral owner) as of May 08...between $10K and $42K per acre/Bonus moneys. Spoke with them myself. Big spread. Today...I still talk with landowners in Shreveport/Bossier/Red River/Desoto who are being approached for $2K up to $5K Bonus moneys and are being told that this "deal" is a one shot...this day only offer by the O&G companies. Nothing adds up here. And...the O&G companies are submitting legal notices to the State Conservation Commissioner that include "force pooling" clauses in them. Not voluntary pooling...force pooling.

We need the straight talk from O&G experts that will help the mineral owners get a GREAT deal on their contracts. The O&Gs will be reaping thousands of X's the benefits and $$$$ far longer than the mineral owners. I don't see why any landowner...large...or small...should be getting schmucked in this process. Not one dime will the O&G CEO's be losing sleep over...they have already schmucked over 300,000 acres of landowners last Fall.

I think all sides of the Haynesville Shale Play could get GREAT deals if the leasors had as much integrity as my fellow neighbor leasees possess. Especially those who signed this past Fall, in good faith, with these companies (that "knew" what was sitting under the surface and "knew" exactly how this play was going down)!

Thanks for all the inside info you all are providing...It helps all of us in this HSP.

DrWAVeSport 6/5/08 p.m.

P.O. Check out Questar (bought lease-hold interest only in 22,000 acres (one parcel in Red River and one parcel in Bienville parishes)for $655 Million on Feb. 29, 2008. Press release 3/3/08. Questar/out of Utah....not even a big player in this play...