Boomslang Resources

Has anyone had dealings with Boomslang Resources? One of their reps made me an offer, at various prices, on 15 mineral interests in Anderson. This Morning I received an email stating that “we are not seeing any of our interests in Freestone” and are not interested in Anderson. We had not discussed Freestone at all. I’m beginning to wonder if it was incompetence or he made his offer prematurely and is covering his a$$ for his boss.

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Boomslang has made some recent mineral purchases in Leon County, but nothing recorded in Anderson, Freestone, or Robertson Counties.

By the way, “boomslang” is the name of a highly poisonous African snake, so you may want to be careful! :grinning_face:

https://boomslangresources.com/

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Quite a bit of leasing going on in Anderson, Leon and Freestone counties. Other agents are very active besides Boomslang. They are all scrambling very fast, so might just be the wrong template letter was sent. Be very cautious about selling without finding out where your acreage is with respect to drilling activity.

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Based on the geometry of the East Texas Embayment, the trend for this deep Hz play should flatten out from its SW to NE direction in southern Anderson County and then pick up a NW to SE trend running through southern Cherokee County towards the Nacogdoches County line.

Trend will follow the structural depth of the Embayment.

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Below is a what I think is a good reference map for the activity in this trend with respect to leasing efforts in Anderson, Leon and Freestone Counties vs historical drilling / production in this deep Hz play.

Wells / Permits for Hz wells for Comstock, Aethon and Mitsui are shown as well as active rigs. (ENVERUS map).

Anderson County is far from the closest present drilling activity. But the trend being pursued here is apparent. And should include northern Houston County (tied to the Augusta Yancey vertical test well). Augusta is thought to be a stealth operator for a major - best thought is that this is Expand / CHK although EOG is an option. Bothe EOG and CHK have used stealth operators in the past.

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Good map, thanks for sharing. I’ll be curious to see how far East into Anderson and possibly Cherokee the play pushes.

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I am too, since I have several interests in Anderson County.

My family has multiple properties throughout East Texas in multiple counties. We have seen a lot of these speculative plays come and go. Fingers crossed this one works.

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FYI note - everyone needs to remember that the Anderson County part of this deep Hz Bossier / Haynesville trend is in the deepest part of the East Texas Basin.

This will be pushing target zones for laterals to well below 16-17,000’ and potentially even below 20,000’.

These depths plus very high pressures (over 0.9#/ft gradient) and temperatures (350 to over 400 degrees F) will complicate drilling and completion plus increase overall costs.

Using Comstock’s latest numbers of $2647 D&C per lateral foot, one is looking at total well costs in the range of $27 to over $30 million per well in this area

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This is why I say “speculative play.” One bad well at those cost will send everyone running for the hills!

Comstock has put 22 successful wells into production and controls more than 520,000 net acres in the Western Haynesville. I don’t believe they will be running away!

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Boomslang just flips minerals. They’ll never offer you the highest price.

So far only Mitsui and Comstock are the only aggressive drillers in the Western Bossier/Haynesville Play. Expand (Chesapeake) has yet to permit or drill one of these wells in Leon, Freestone or Andersen County.

Note that - after a drilling hiatus - Aethon has permitted new Hz wells in this trend (Robertson County).

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The oil business is sort of like “road kill”. A racoon can get run over and all the buzzards from miles around will come in and try to eat on it! There are so many mineral buyers, royalty buyers, so called lease brokers, local experts in Leon, Houston, Andersen, Freestone, Cherokee and other counties it’s a mess! But it beat’s the “Green New Deal”. Thank you for your information.

i’d consider selling all of mine, but i must sell surface with it. i don’t want to split the OGM from the surface. i’m not highly confident we get drilled in the next 5-8 years, as there’s just too much speculation and heirship in the area around me. I am doubtful a unit can even be put together. I like buying lands with minerals too, but I’d rather sell here and buy in a more proven oil/gas area with bigger deer!! LOL!

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