The bulk of "on the ground" mineral leasing is "probably over" in the Haynesville, says Steve Herod, executive vice president, corporate development, for Petrohawk Energy Corp., Houston. The E&P was an early developer of the Haynesville play, having gotten into it by way of its Cotton Valley holdings and its merger with KCS Energy in 2006. The play sits under Cotton Valley. Herod expects more joint-venture deals in the play now, and more private operators selling. Some landowners are holding out for more than $30,000/acre, according to myriad reports. Shannon Nome, veteran research analyst at Deutche Bank, reported recently that leasing may hit $50K/acre before topping out. According to Herod, activity may being move on from leasing. Herod spoke Sept. 4 at the 7th annual A&D Strategies and Opportunities conference. Missed the conference? See post-panel Q&A videos at www.A-Dcenter.com, or buy a ticket to the presentations and the DVD by e-mailing firstname.lastname@example.org. –Nissa Darbonne, Executive Editor, Oil and Gas Investor, A&D Watch, A-Dcenter.com; OilandGasInvestor.com; email@example.com
John Reinhart Named CEO of Gulfport Energy Corp
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