Any New Leases Signed Since Jan. 01,2012?

Has anyone heard of or had any new leases signed since the first of this year? If so what companies? I am told that none of the gas companies are interested in signing any new leases, and if they are bonus money is no greater than $500/acre. I am sure there are some exceptions where the need to fill a void in a unit, but most seem to be shying away with gas prices at $2.50/cu.ft. I can't even get EOG to return my calls on a 20 acre tract next one of their units. It sounds like everyone is heading west for the wet gas.

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Permalink Reply by Martin J Huth on February 6, 2012 at 7:59am

Bob, were are you located?

Permalink Reply by Golddigger on February 6, 2012 at 8:01am

The property is in Ridgebury Twp. near the Rightmire units.

Permalink Reply by Billy Park Whyde on February 6, 2012 at 9:25am

 They might already have your lease! Have you done your home work?

Permalink Reply by BrianH on February 6, 2012 at 2:28pm

Bob, I spoke with XTO last week and they suggested that they were done signing new leases untill they drill and the wells prove out. I'm not sure what kind of progress has been made on their Belmont/Mead Twp. site, It was permited last month. it would be nice to hear if there is any activity at that site.

I think west is oil.

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