The map below shows all the county surveys that contain leased acreage associated with the Bossier/Haynesville play being pursued by Comstock, Mitsui, and Expand(Chesapeake).
Note the lease area in Cherokee County. That leasing project began in 2020 with two-year seismic options, of which more than 90% were converted to O/G leases written by Key Exploration and East Texas Energy. Key and East Texas have recently been extending leases that have reached the end of their primary term. There has been no assignment yet, but I have believed for a long time now that Expand is the company behind the Cherokee County leasing.
Look at that big unleased gap between western Anderson County and Cherokee County. Although there is no well data to go on, there is no reason to believe that area is not prospective for this new deep gas play. I see no reason to believe that we won’t see leasing in that area in the coming months.
And now we may have a hint…
One of the Expand lease proposal sheets sent to me recently showed a name for the leasing prospect: Two Rivers. When I think of two rivers, I think of the Trinity and Neches Rivers that define the western and eastern boundaries of Anderson County. Could this prospect name mean that Expand intends to fill that gap from the Trinity to the Neches with new leases?
We will see…
