Newbie here. I have recently been contacted by two different companies to sell my mineral rights in the J.A. Harper A-371, A-372 and J.W. Carpenter A-200 surveys. Their offers tripled a couple of weeks later. Anyone have knowledge as to why they are so interested?
Thanks,
I think you meant JW Carpenter A-220 (not 200). That survey is located between 371 and 372.
Vanna Production has leased acreage in all three of those surveys, and I believe those leases are among the leases that Vanna sold to Expand (formerly named Chesapeake).
The focus is a deep gas play located primarily in the Lower Bossier and Haynesville Formations. This is an extension of a large lease area that Comstock began in Robertson, Leon, and Freestone Counties. Mitsui and Aethon are also active in that area. Expand has extended the leasing into Houston and Anderson Counties.
The wells drilled to date often have expected ultimate production of more than 20 billion cubic feet of gas, with some exceeding 50 billion.
Thank you for your response Alan. I did more research this afternoon and figured that out. So now my question is if I didn’t receive or pay attention to receiving an offer to lease my minerals what happens with my interest. A lease was signed between Vanna and the TDC with the same survey I have in Section 3 so I have questions.