Northern Louisiana is an area of interest for us with many great oil and gas fields, particularly those associated with Cotton Valley and Bossier/Haynesville Shale. While the Cotton Valley has been a producer since the 1940’s, it once again is seeing new drilling activity. Lying just below it, the Bossier/Haynesville Shale is seeing much less activity but we are hopeful its day is coming.
The Bossier shale, also known as the Haynesville Shale, with some debate with whether they are the same shales, began to be developed in northern Louisiana around 2008. They hold large gas reserves, and require massive fracture treatments.
However, with all of these areas being developed with expensive horizontal drilling and huge fracks, well economics can become challenging during oil and gas price downturns. Many wells in the past that penetrated oil and gas reserves have been plugged and abandoned because they weren’t economic at low prices. We stand at such a time, when mineral buyers and sellers, and oil and gas operators, don’t have a crystal ball to view the future of our industry. Many of us have lived through long downturns, and have minerals that were worth significant amounts of money for a season, only to see those minerals lose much of their value as the industry cycled down.
As you evaluate your overall financial position as it relates to the question of selling some portion of your minerals, we would welcome the opportunity to work with you. You will receive personal service as we research your mineral values, and promptly inform you of our offer. It all starts with you filling out our assessment form.
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