I have read pages upon pages of discussions from this and other counties and no one is talking about the elephant in the room. Nat Gas hit another 10 year low today at $2.19 so although there may be some rare exceptions, the idea of signing a lease into this market is akin to selling all your stocks the day after the stock market drops 60%.

No company, Shell, XTO, REXX, etc. will be offering anyone, any kind of sign-able lease any time in the near future. I am not blaming them, they really don't need to given current market conditions. Most have already shifted their leasing budgets over to their drilling budgets because they will get the biggest bang for their buck creating HBP units (as large as units as they can), to hold what they have already leased.

Until more pipelines are developed, more wells are drilled to add data points, additional wet gas areas are confirmed and most of all the nat. gas market improves, landowners who have not been leased need to just sit back and wait. The market will come back but best guess is that it will take a year or two or at least an election.