Speaking of Dale Resources here is some additional info on the story behind the beginning of Lawrence Dale, President of Dale resourcesinto the Barnett shale area a few years ago.
And look where the Barnett sghale develop is today!!!!!!!!!
Yes, IMO, I do think HMGP has a good strategy in play regarding it's entrance into these Barnett shale leases
The following:
“Companies had been reluctant to drill inside Fort Worth's central city. The technical and political challenges of exploring in an urban area were large. But Lawrence B. Dale, president of Dale Resources, a small independent drilling company in Dallas, decided to take a chance.
With 23 years of exploring widely for natural gas, Dale, now 53, said that he had decided to spend more time with his family and drill closer to home.
Three years ago he began selling off his East Texas production wells. He then leased about 90 sites around Fort Worth where drilling would stir less of a backlash: areas in or abutting industrial zones close to pipelines.
"It was completely a wildcat venture," he said, noting that seismic work could not be done under a dense urban area. "We didn't know. We thought, but we didn't know."
Having already sold off some wells to Chesapeake Energy, a bigger gas company, he said that in the future "we will enter into strategic alliances and partial property sales with larger companies that have the capital, the equipment and the balance sheet to develop a major field like this."
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