Thack I’ve got buddie in Haynesville and he said it’s really died down, gas from the Haynesville shale was to dry. Out here in the permian Basin we’ve got some really wet gas and they are going after it and oil, starting to see a couple of horizontals being drilled in our area.
Haynesville is quite dry and has had the deep drop in interest as you would expect.
Our lease is depth limited and specifically excludes the Haynesville formation, even though we are likely 5~10 miles too far away to be commercial at today’s technology even if the prices doubled.
My understanding is they are after the James Lime, but it would be wildcatting in our area. There is production from that layer both east and west of us but quite a few miles away.
The family has had leases on the property going back ~80 years but never a commercial producers. A few dry holes were drilled shallow in the 60’s.