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To: Recon Dad
A few years back during the height of the Haynesville Shale leasing frenzy, companies were paying as much as $30,000 an acre for 3/4's rights. Lots of land owners turned down $10,000 an acre offers. Unfortunately, prices for leases have really fallen along with the price of NG.

To survive, Haynesville Shale companies are moving into formations that also have liquids like TMS, Austin Chalk and Eagle Ford.

In the last few months, all of the players have become extremely secretive about this play. I'm not sure what that means...

34 posted on 04/28/2012 9:58:27 AM PDT by Errant
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To: Errant; Recon Dad

With enhanced recovery techniques - fracking, etc - it seems there are more “Elephants” than anyone ever thought there would be.

I love technology.

Besides the fact that humans have souls, it is the only other thing that sets us apart from animals.


35 posted on 04/28/2012 10:38:38 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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