Vanna Production filed a surface lease in the Anderson County Deed Records today for a gas treatment facility to be built in the EC Harris A-30 Survey, located west of Palestine and south of Tennessee Colony. This is an ideal location given (1) their lease area and (2) the fact that Midcoast gas gathering and transmission pipelines run through the Harris Survey.
The plant would be on a five-acre site inside an 1,158-acre tract. The lease has a ten-year primary term with two ten-year options.
Vanna is operating on behalf of Mitsui Exploration (they are partners in a working interest deal). This seems like a serious commitment to the Western Haynesville play, but Mitsui hasn’t completed a well yet, so that commitment could change.
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Thank you Alan. I hold along with my extended family the mineral rights on the large Mitsui lease of two years ago in Leon and Freestone County. My great great grandfather homestead the land in the 19th century.
Since the play is strategic and quiet as they can be, your very illuminating commentary here is appreciated.
We are displaced by the Palisades Fire and hold hope that Mitsui will proceed in production next year, as the royalty would lighten the burden on us here in California.
You’re welcome Anthony. My 3g Grandfather came to Anderson County from Mississippi in 1851.
Very sorry you are having to deal with the fire loss. I lived in Los Angeles (Studio City) for 21 years before retiring and moving back “home.”
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Thank you. This forum has been an illuminating resource and we appreciate your commentary.