Shell informational meeting November 8, 2012

It is my understanding that Shell is having an informational meeting at the Whitneyville Fairgrounds.  Not sure of the time.  It was listed in the Mansfield Pennysaver and I have already lined the bird cage with mine.

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Permalink Reply by Lynn Wigglesworth on November 11, 2012 at 2:18am

When the gas drilling first started for real back in 2009 or so, the companies all said that natural gas prices had to be above $4 for it to be profitable. Right now it's around $3.50 at Henry Hub. That's better than it's been, but still not very good. Not many companies will charge ahead when they are losing money. As Paleface said, they can afford to wait for reasonable prices.

Permalink Reply by JOE REDDING on November 13, 2012 at 4:34am
It will be better in the long run to recieve royalty at $5.00 than to have a unit drained at $3.00. so let them hold back...
Permalink Reply by E. Preston Rice on November 15, 2012 at 5:51am

I guess we will sit without a lease for a few years unless something changes.

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