Haynesville Shale Mineral Rights

LNG export demand brought the Haynesville back from a decade-long slump, and we've been buying aggressively here since it turned.

The Haynesville Shale across northwest Louisiana and East Texas — Caddo, Bossier, De Soto, and Red River parishes in Louisiana, Harrison and Panola counties in Texas — went quiet for years after the 2008 to 2010 boom when gas prices collapsed. Gulf Coast LNG export terminals changed that. With Gulf Coast liquefaction capacity ramping up and pulling on nearby dry gas supply, operators have come back hard, and the Haynesville is one of the most actively drilled gas basins in the country again.

We're buying aggressively in the Haynesville right now because that renewed activity is real and ongoing, not a one-quarter blip. But we still price core acreage differently than the edges, and we'll walk you through exactly where your interest falls.

What's getting our best offers

Core Haynesville acreage in Caddo, Bossier, and De Soto parishes, where operators are running some of the longest laterals and highest-rate wells in the play, is where we're most aggressive. We also watch the Bossier Shale, stacked above the Haynesville in parts of the core area, since operators developing both zones under one unit represent meaningfully more total drilling inventory.

Recent large-scale LNG offtake agreements have pushed several operators to lock in multi-year drilling programs in this core area, which gives us real confidence pricing acreage tied to those development plans.

Where the flank still lags, and why we say so

The eastern and southern edges of the play, where reservoir quality thins and wells produce at lower rates, haven't seen the same drilling resurgence as the core. We'll still buy that acreage, but at a real discount to core parish pricing, because the offset well data simply doesn't support core-level numbers.

We'd rather show you the actual nearby well performance than let a headline about Haynesville being 'hot again' set an expectation the geology on your specific tract can't back up.

How we underwrite gas deductions and pricing basis

Haynesville gas sells against a Gulf Coast basis that's become more favorable as LNG demand has pulled regional prices up relative to Henry Hub, but gathering and processing deductions here can still run significant given how gas-heavy and pressure-intensive these wells are. We price off your actual net check, confirmed against the division order, not a spot price headline.

We also check whether your unit sells gas under a fixed-price or index-linked contract structure where that information is available, since operators locking in LNG-linked offtake agreements can materially change the revenue outlook for a specific unit.

Louisiana and Texas ownership and title quirks

Louisiana operates under a civil law system rather than common law, which changes how mineral servitudes, prescription, and succession work compared to Texas. We're used to working through Louisiana successions and mineral servitude issues, which are genuinely different from a Texas probate and don't trip us up.

On the Texas side, ownership tends to follow more familiar fee mineral and division order patterns, and we see plenty of small fractional interests split among heirs from the original 2008-era leasing wave on both sides of the state line.

We also see interests carved from larger family land partitions decades before the shale boom, when the ground was valued for timber or cattle grazing and nobody imagined a horizontal gas well underneath it. Those older partition deeds sometimes have ambiguous mineral reservation language, which we read carefully before pricing.