Company Aquires Properties in Fayeteville Shale in Arkansas

19th May 2012

Company Aquires Properties in Fayeteville Shale in Arkansas

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Submitted by blogwriter on Sat, 05/19/2012 - 02:27

Caddo Minerals, Inc, an Oil & Gas Investment firm with a focus on producing and non-producing mineral rights, royalty, overriding interests and working interests, acquired a number of properties in May, 2012 including multiple interests in Independence County, Arkansas. Lying in the heart of the Fayetteville Shale, the acquisition includes an interest in a recently completed horizontal well with a 2100’ lateral. XTO, the operator of the well, expects an EUR of 2.2 - 3.0 BCFE from newer Fayetteville Shale wells with well costs averaging $2.5-$3MM.

"The Fayetteville Shale is a bit of a sleeper play within the natural gas world. However, with natural gas prices at all time lows, it represents a valuable portfolio acquisition. With average well costs around $3MM, the Fayetteville offers operators better returns at lower natural gas prices when compared to deeper, more expensive plays." says Caddo Minerals President, Bill Fowler.

Caddo Minerals acquires mineral rights and royalty interests from large and small mineral owners as well as geologists and land firms. With a focus on owner education, Caddo seeks to help mineral owners make the best decision for their family's future. "Most mineral or royalty owners who have mineral rights for sale are simply trying to understand what their mineral or royalty interest is worth. They want to get an idea of what their options are, and how much they could earn from selling mineral rights. Caddo will answer all those questions, and the owner will have all the tools they need to make a wise decision." says Fowler.