Granite Wash archives

Tom,

As a fellow mineral owner in 08n-19w Washita County, OK am happy to have a forum to exchange ideas.

I personally think that us Anadarko basin owners may well be sitting on top of significant hydrocarbons, but also think we may well have to wait many years before we see them produced. The oil companies have spent big bucks on shale plays recently and either have to drill that acreage (in order to hold it by production) or lose it. In contrast, much of the Anadarko basin is already held by production. So company XYZ may have long ago drilled through shallower formations (including oil producing formations like the Hogshooter) to produce natural gas. Just not in their economic best interest to get too busy here. As long as Anadarko acreage is held by production they can more profitably drill their pricey shale propertIes now and get around to drilling Anadarko at their convenience.