Oil & Gas Leasing
Haynesville Shale Play
East Texas & North Louisiana
The Haynesville shale play in East Texas and North Louisiana could turn out to be one of the largest discoveries of natural gas in the history of the arklatex. During 2008, leasing activity by oil and gas companies has accelerated to a feverish pitch. It's up and down -- mostly up -- quite a roller coaster ride for mineral rights owners.
However, the land grab doesn't make sense sometimes. Some landowners are left out, lost in the mad scramble for various reasons and sometimes, there just is no explanation. It's a modern day gold rush and it's surprising how many people are getting left behind. Everyone wants to get their part!
One of the most common questions I get is "Is there a map of the Haynesville shale?" There is now! Based on countless phone calls from area mineral rights owners, the following map was created. This map shows the focus area.
At this time, the areal extent of this shale play is not known. Many more wells will have to be drilled to define the northern, eastern, southern and western boundaries. Plus, there will be "sweet spots" within the play where the production will be better than others. And there will be "dry holes" drilled which will condemn large parts of the play.
Here's to hoping your land is in a sweet spot!
Core Leasing Area
Haynesville Shale Map
As you can see, the following counties in East Texas and parishes in Louisiana are enjoying the most lease activity.
East Texas:
- Harrison
- Panola
- Shelby
- Caddo
- Bossier
- Webster
- Bienville
- Desoto
- Red River
- Sabine
- Natchitoches
Everyday, I get many phone calls. I find it interesting that alot of people think just because some oil or gas company is leasing, that it means they are about to drill there. Possible, but not likely. This play is huge. For any given property, odds are you will not see a well drilled for quite awhile due to the sheer size of this play. It's simple arithmetic. The play involves millions of acres! Only time will tell how much of it is productive. And it's going to take a long time, indeed.
The Haynesville shale is found from about 10,500 feet to 13,000+ feet in the focus area. That's over two miles deep! And to exploit the resource, companies will have to use a new technology called horizontal drilling. This is very expensive. These wells will cost over $8 million each! The rigs required to drill horizontal wells this deep will need to be 1500 horsepower. And there are not that many 1500HP rigs in North America!
Each of these rigs is capable of drilling only a few wells per year. So, even if the companies ramp up and are able to find, say, 50 drilling rigs, it will be a very long time before the entire play is defined. Many years.
Like everyone, you want to get your part, I'm sure. It's an exciting development. If you're interested in seeing what I can do to get you a lease, contact me. I started in the oil & gas business in 1978 and have a lot of contacts. I'm eager and working hard to get a lot of leases done. And like you, I hope this play turns out really good!
Many people are interested in selling mineral rights. Some people fear that they may not see any benefit from this play due to their age or they want or need extra cash. You can sell all or any portion of your mineral rights. Some people are selling half and gambling on the half that they reserve. Some sell some other percentage, such as sell 3/4 and keep 1/4. Or sell 10% to get some extra cash. If you're interested, visit the following -- sell mineral rights.
CONTACT:
Bill's phone: 318-326-5445 or 800-664-7650
Bill's fax: 888-662-8388
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