Have some inherited property in Vernon Parish. Not a lot of land but some.
Got a call this week from a landman with McGinty-Durham wanting me to sign a lease (Austin Chalk). He said it is a new horizintal drilling method being used in Texas with the austin chalk that has proved to be doing well.
He said a landowner up the road has leased, his land been cleared and fences were started going up around site this week. I am holding out on signing until, I do my research and have a better grasp of the procces involved. I am having a hard time finding info on any type of projections for this "new revival" of the Austin Chalk play. I guess it is way too early in the game to find the info. I am in the learning phase and ANY suggestions or advice that could be given would be greatly appreciated.