I am looking to lease my mineral rights, I am sorry if I wasnt clear. It has ben a long day already.
Well, is there a way to monitor this or do we just wait and see?
Mike Igau said:
Operator. If you currently have a mineral lease that has not expired, typically the Operator is the Company that will drill the well. This can be EOG, Quicksilver, XTO, etc. You indicated that you currently have a mineral lease. Many mineral leases have expired in Hill County. I understand drilling costs are a bit higher in Hill County that is one component that accounts for the lack of activity. I believe I saw where the break even point for drilling in Hill County, or Tier 1 areas, is about 5 bucks per mcf. If we get to 7 bucks per mcf then I think we will be back in business. That is if we see more stable pricing above the break even levels in the supply demand equation.