Question for the oil guys

[460XVR]

Any of you familar w/ Mustang Drilling?

Just looking for a little background on 'em & what kinda folks they are to deal with.

Best I can decipher they were bought (2001) by South Texas Drilling & Exp, who then also acquired Pioneer & are now all under the umbrella of Pioneer Drilling Company (AMEX: PDC)

[Dubai B]

In what way are you looking to deal with them? Lease land, supply them equipment?

[460XVR]

They're going to do some surveying on our property.

[Tommyh]

Theyve done some midstream design work for my company and havent heard anything bad about them at all.

[Tbar]

What have they offered as a price per acre?


Tbar

[460XVR]

Thanks Tommy! What exactly is "midstream design work"? I'm not an oil guy; obviously

Tbar, They're operating under a master lease agreement (i.e. subcontractor) we have in place with another company. That agreement stipulates we be informed/participate in these types of activities.

[Stuck]

With out getting too indepth, is the for Eagle Ford Shale and what county?

[460XVR]

Not sure of the target, we were just informed they are going w/ Mustang for the surveying. Bastrop.

[tookeymonster]

More than likely someone will partner the well if the Geologist like what they see. If it were Eagleford it would be more oil than gas that far north.

[460XVR]

No partnering on our end, we have an agreement w/ a single entity (single point of accountability); they however, are welcome to subcontract whatever/whomever they please, for any service they choose to outsource (in this case.... surveying). As long as everyone adheres to the terms of the master agreement, all is good.

I'm not gunna tell anyone how to run their house, but I will hold folks accountable (subcontractors included) when they're operating on my property. Just wanna know what kind of villian these guys are, so we know how close to stay to 'em for the surveying