Haynesville Natural Gas: $20,000 Acre Lease Bonus!

The Haynesville Shale has taken Louisiana by storm in a very short period of time.

In March, Chesapeak Energy announced the shale — estimating the field had as much as 20 trillion cubic feet of natural gas. That would put it at four times the size of the gas field around Fort Worth known as the Barnett shale — one of the biggest in the world.

A year ago, oil companies paid less than $250 an acre for the leasing rights to drill. Now, property owners are getting $20,000 an acre and as much as 30% of what a well brings in — three times what it was a few months ago.

Visit our new site: Haynesville Shale News

Haynesville Shale News

Check out our new site: http://haynesvilleshalenews.blogspot.com/

Crystal Ball Not Needed – Just look at the Barnett

Haynesville Shale landowners (mainly mineral rights owners) may not need a crystal ball to predict the future when it comes to potential gas royalties. Based on (a) the huge investments being made by gas companies; (b) the advanced geological tools used today and (c) the huge hits made by Penn Virginia and Petrohawk, there’s definitely a lot of gas in the Haynesville Shale.

Many predictions have the Haynesville Shale being bigger, much bigger, than the Barnett Shale. So, put away your crystal ball and gaze west to Fort Worth and beyond to see what’s happened in the Barnett as the best predictor of what’s to come in the Haynesville Shale. Some handy links:

Fort Worth Star Telegram’s Barnett Shale Blog

Ask Chesapeake

What’s your prediction? Hype or Boom for the Haynesville? Leave a comment.

Haynesville Shale: hope or hype?

reuters Fri Jun 20, 2008 5:53pm By Anna Driver – Analysis

HOUSTON (Reuters) – A company news release with the words “Haynesville Shale” these days is enough to send an exploration and production stock soaring, but with little known about the Louisiana natural gas discovery, some question whether the talk justifies the gains.

In March, Chesapeake Energy Corp CEO Aubrey McClendon said Haynesville may hold an eye-popping 20 trillion cubic feet equivalent of potential reserves — nearly equal to the amount of gas consumed in the United States last year.

Since then shares of smaller companies that hold acreage in the shale have “gone through the roof,” said Jeff Hayden, senior analyst at Pritchard Capital Partners LLC.

Residents turn out in droves for Haynesville Shale meeting

Residents turn out in droves for Haynesville Shale meeting

By Ginger Ramsey / gramsey@gannett.com

Southwood High’s flagline was practicing on the corridor in front of the school’s office as hundreds of Southern Hills residents filtered into the auditorium for a Haynesville Shale 101 meeting June 17.

The informational meeting was held after Southern Hills Home Association President Pat Spigener said, “In the past couple of weeks, I have had many requests by homeowners to know more about the recent issue of Haynesville Shale. The homeowners association has responded to your requests.”

SHHA members welcomed visitors and directed them to tables where they could sign in to receive additional homeowner information and an informational brochure from the mayor’s office before searching for a seat. “There were well over 650 names signed in,” Spigener said.

Southwood High assistant principal Jeff Davis helped the audience find seats and line up against the walls as people poured in from the south parking lot before making the final assessment, which closed the meeting due to overcrowding.

Hundreds attend Haynesville Shale forum

Hundreds attend Haynesville Shale forum

NATCHITOCHES — There’s one certainty concerning the Haynesville Shale and Natchitoches Parish: No one knows if the potentially-mammoth natural gas deposit even reaches that far.

That uncertainty didn’t prevent more than 600 people from attending a Wednesday night information forum with representatives from the Louisiana Oil and Gas Association, a non-profit that represents the independent and service sectors of the oil and gas industry in Louisiana.