With the Southwest Anderson and Houston County mystery solved for the most part with Expand and Mitusi being the major players (and we will see if another one shows up or not), I’m wanting to bring the mystery of the Key and East Texas Energy leases back up to topic…I visited with a local geologist at lunch earlier in the week and he discussed how its most likely a deep bossier play, a lot like the Anderson/Houston/Freestone/Leon/Robertson. He was a bit baffled due to a lack of info available for the Bossier formation in the area, but that was his best educated guess. I feel like this forum’s community was very good and knowledgable about sniffing out Expand, and is very close to sniffing out the company behind this mystery. I would love to hear everyone’s guess.
I believe it is Expand.
As I’ve previously stated, im going with EOG
Questions:? Why would major companies hire lease brokers to offer less than 1/3 the bonus than they had previously leased for, less royalty and abusive lease terms to mineral owners when there are many mineral buyers offering up to $10,000 plus for the mineral rights in the same area’s? I believe it is “leaking” inside within these companies and lease broker’s landmen also “leaking”. The “in house” land departments are not monitoring their lease brokers dealings with running title and promptly dealing with the mineral owners. Very poor management!
Our family has not seen any offers anywhere close to a $10,000 number in this area. We have not sold anything ever, but it would certainly be tempting at that number! I think we are all assuming these Key and East Tx Energy leases have a big operator behind them, but there is always a chance there isn’t and it’s someone just out speculating, hence the lower numbers.
All that being said, I believe there is a larger operator behind it all, but just saying there is a decent chance there isn’t too.
There are lot more prospects at shallower depths that could be productive with horizontal drilling at the current time also. It’s also a possible liquids play as well as Natural Gas. Such as the Glenrose and the Buda formations. There are a lot of oil guys around Tyler and the Longview area. Wishful Thinking maybe?
I hope you are right, but I’m 99% sure this is a part of the deep bossier extension.