Funny, they hired a company of environmentalists to do the leasing. The landowners were all po’d at the idiots. A couple who know my friend asked him if they actually wanted to lease their land.
The company just put my buddy back in charge.
Haha… sometimes they gotta learn the hard way to hire the right person for the job. Keep me posted, I still follow it.
Got this text today
Got green light on Pulsar Helium. 9 townships they want leased.
Nice… that mean he got them locked up or that’s what they hired him to chase?
Hired to chase. He’s scrambling to find people to get it done.
He’s stretched thin and the demise of E&P domestically has reduced the cadre of available landmen. I know a landman locally who complains about a lack of work but refuses to travel.
Hope he finds the right guy/guys. How long does that process generally take?
Hard to say. Minnesota isn’t a normal area he works. Wyoming/North Dakota takes no time. Kansas has a few speed bumps. I would think Minnesota will be longer due to the lack of experience in leasing mineral rights
He thinks it will take a year
I have a speculative position
Good luck !
Guess it’s better odds than playing the lottery.
Remember UH endowment if you hit it big;)
Here is an article from 11 weeks ago that says
the rock dust cleanup was to be completed in 6-10 weeks after
preliminary cleanup was successful.
During flow testing activities, it was discovered that drilling fines (rock dust) created by the air drilling method (that pulverizes the rock) were present within fractures and partially coating the wellbore wall. The creation of drilling fines is commonplace when air drilling Although gas flow may be restricted, pressure communication still occurs (albeit also constrained) which is why the Company was unaware of the restricted flow until testing commenced.
The Company has performed a preliminary clean-up on both wells to mobilise the drilling fines, achieving improved flow results, demonstrating that the drilling fines are mobile and can be removed. Despite the currently restricted conditions, stable and consistent flow rates were achieved under with both wells flowing natural flow and on compression.
Further flow testing of the Jetstream wells will recommence when clean-up of the wells is complete and the drilling fines have been removed, all of which are anticipated to be completed in the next 6 - 10 weeks.