BIG FIND

According to the Houston Chronicle, Petrohawk Energy announced last year that it had found a massive new deposit of shale gas in south Texas, named Eagle Ford. But, with the looming economic crisis, the news went largely unnoticed -- except in the oil and gas industry. Although Eagle Ford, cautiously estimated to hold 19 trillion cubic feet of gas, is smaller than other shale fields in the Lower 48, like Marcellus, Haynesville and Barnett, its 'economics' are much better. The break-even price for production at Eagle Ford is $3.88 per million British thermal units; moreover, the field is close to pipelines and sits below south Texas ranch land -- and as one lessor said, "You can certainly make more money from wells than cows.

LEASE OFFER TRACKER

THIS IS A GREAT SITE TO TRACK LEASE OFFERS. CLICK ON LINK IN THE TOP LEFT CORNER OF THIS SITE TO SUBMIT THE OFFER YOU HAVE RECEIVED...


http://www.pagaslease.com/lease_tracking_1.php

Many heads are much better than one...

IS IT BETTER TO FORM OR JOIN A GROUP, OR "GO IT ALONE"?Your decision to lease or not to lease should be based on what is important to you. If you have done any research, you will have discovered that the initial drilling phase involves acreage. In our opinion, joining, or forming a group that has the same goals for land use is the best way to go. Many heads are much better than one, and the added amount of property available under one lease provides greater leverage when negotiating terms of the gas or oil lease.

This group had it right in The Barnett Shale

http://www.mana76016.com/

Golden Eagle ???

EOG Resources (EOG) is drilling a second horizontal well offset the Milton Unit 1. The company continues to lease in the area and is moving updip into Wilson and Gonzales counties. EOG applied for a new field designation called the “Golden Eagle” (second and third preferences are “Osprey” and “Eagle’s Claw”).

Recent events in the Eagle Ford Shale

Are you on this map???

http://www.tidalpetroleum.com/downloads/RSEG_2009-09-10_Eagle_Ford_update.pdf

ENERGY HORIZONS

I have been contacted by Energy Horizons and offered a oil and gas lease for my property in the south west corner of Wilson County. The offer is $450 acre signing bonus and 1/5 royalty for 3 yrs. I was wondering if anyone else has recieved an offer like this?