My reply concering Wise County, in the heart of the legendary core Newark East Field:
"there are some people north of Mineral up in Wise county gots some land with that ole Barnett Shale under it that wants to have some drilling done, wonder if we might roust up a rig while we are there. You know that Devon gots a lot of wells up there.
Boss come to think of it your property up in Wise county got that ole Barnett Shale under it too I guess you was pretty lucky buying that land when you did."
manitou, your dog let the cat out of the bag with that post. If AMEP takes the Wise Co offer, it will have a sweet spot in the legendary Newark East Field, the core area of the Barnett Shale.
I'm looking at a geological map of the Newark East Field, it shows Wise County as having about 1/2 the field, with about 1/4 in Denton to the East, and 1/4 to Tarrant to the South, the North East corner of Parker County cathes a small percentage of the field too. On another map showing the distribution of dry gas, and gas with the high grade condensate oil, shows 90% Wise as being in the gas with condensate oil window (as well as AMEP's leases in the Counties of Palo Pinto 90%, Parker 100%, and Commanche 80%).
Good luck with your property in Wise County, in the heart of the Newark East Field, .....you lucky dog. If that deal goes through, it won't hurt your AMEP share holding either. Talk about having your cake and eating it too, lol.
Manitou,
Good luck with your Wise County land and AMEP stock,
...hawk
