The property has been in the family since at least the 1840s. I’ve got copies of leases going back to 1930s, over multiple decades.
In the 1960s they drilled 3 wells, none became producers.
South of the Haynesville, In the the Austin Chalk near the TX/LA border.
Claimed they were interested in the James Lime. No wells drilled in the last couple years within miles...
I dream big, but only dreaming...
My wife’s royalty derives from her family’s property that is almost 100 years old.
family had to wait 90 years before royalty came in recently.
Not too far away as well tested the James Lime at 2mmcfd but the liquids in the Edwards caused it to be completed there.
The Eagleford is marching east, sometimes known as the Eaglebine as it is a combo-play with the Woodbine, although it becomes skinny that way. In time, they will have to go after it as it does contain hydrocarbons.