My oldest Son works for a mid size independent oil and gas producer, he told me they have their eye on Dubuque County Iowa, one of their geologists studied some 100 year old shale rock samples from a old lead mine. This is simular to how the Eagle Ford shale was discovered/developed in Texas so who knows.
- Thread starter LAA
- Start date
You'll know for sure when the landmen start calling, asking if you'd be willing to lease your land, not that they really want it, you know, and not that they're really sure there's anything down there, but hey, you never know.....
I fell for that when Chesapeake started its stealth program to lock up most of the acreage in the Haynesville Shale. Bottom line: don't accept the first offer you get. I got $250 an acre lease bonus; the ones who held out got up to $10,000 an acre. Heard of the Bayou Billionaires? They live about 10 miles from me.
I fell for that when Chesapeake started its stealth program to lock up most of the acreage in the Haynesville Shale. Bottom line: don't accept the first offer you get. I got $250 an acre lease bonus; the ones who held out got up to $10,000 an acre. Heard of the Bayou Billionaires? They live about 10 miles from me.
The Bakken shale in North Dakota and the Eagle Ford shale in Texas are both large crude oil producers, meaning the yield is from oil bearing shale, not ''shale oil'' from oil shale which is much more expensive to produce due to the process. The Appalachian basin Marcellus shale and Haynesville shale in North Louisiana, Arkansas and Texas are heavy gas producers.
My youngest Son has been working in South Texas a couple of years now, there are plenty of real life Jed Clampetts down there. At Christmas he showed me some pictures he took of various new mansions, barns, landing strips, heliports, 200 acre private lakes and other stuff on some ranches he has worked on. Lots of money flowing. The trailer park he lives in opened 75 new trailer spaces on thursday and it was full when he left to come home on Saturday morning at $550.00 per month.
johnwayne360
Member
They wont let anyone build a new electric power plant in cassville, wi(across the river)Why would they let anyone drill over here?
Anonymous-0
Well-known Member
Jerry, I travel hwy 71 N of Shrev. and noticed an unusual number of radio towers. Why so many?
Anonymous-0
Well-known Member
No, think he made it by being on TV.
MarkB_MI
Well-known Member
- Location
- Motown USA
It'll never happen. In Iowa, the seismograph crews will die of boredom before they finish their surveys.
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