Without further (or any) ado, guest blogger Ramblin’ Man.
McMullen County Spotlight
Long a favorite locale for deer, quail, and turkey hunters, McMullen County is home to around 800 residents. As of late, it has seen the infestation of a new animal – Landmen. The courthouse is packed. Traditionally built to hold six Landmen comfortably, the courthouse now hosts up to 50 Landmen. The clerks have tried to be accommodating by putting tables and chairs in the hallways and in any spare rooms. There just isn’t enough space. I witnessed a few poor souls carrying books up to the second floor to work. After a full day they have climbed the equivalent of Dubai Tower. Imagine doing that carrying a five pound book. That’s dedication! Dining options are limited, with the only restaurant being located at a gas station within walking distance from the courthouse. Hotels/Motels are nonexistent. However, multiple nearby towns offer a variety of roadside establishments (nearby in Landman distances – 50 miles equals just around the corner).
Leasing activity has been brisk with over 96 tracts leased in the first two months of 2010 alone. This number has a special significance when compared with the 88 tracts leased in 2007, 85 tracts leased in 2008, and 254 leased in 2009. If the pace continues, over 576 tracts will be leased in 2010, more than doubling what would be considered an active 2009. The question must be asked – Are there that many mineral tracts in McMullen County still available be leased? The average size tract is around 1450 acres and the entire county only contains 731,520 acres. At this rate 835,200 acres will be leased in 2010 alone – there simply isn’t that much acreage to go around. Especially when considering that approximately 50,000 acres are already held by production (HBP). Here come the runsheets!
Drillinginfo Energy Strategy Partners are finishing up the Haynesville and Eagle Ford portions of the Unconvential Platforms due out in May 2010. We will be hosting a FREE webinar April 28th to showcase some of the features available with this product including leasing, permitting, and custom production analysis.
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