โ Scribed by Willett, Robert E.
No coin nor oath required. For personal study only.
With a federal tax credit of eighty-five cents a thousand cubic feet, it would seem that anybody who could produce gas from a coal seam should be. To gain an idea of whatopportunitiesremainforthisnewmethodofproducing gas, in late August I talked with J. Michael Lacey, vice president of operations and exploration, Devon Energy Corporation of Oklahoma City, a major coal-seam-gas producer.
NG: In the Son Juan Basin, where Devon does most of its drilling andproduction, are there still opportunities in, say, leasing for exploration? Lacey: You have to understand how the San Juan Basin was put together from a leasing standpoint, Bob. It was discovered in the late '40s. early ' ~O S , when most of the development took place. At this point in time, virtually the entire San Juan Basin is leased and held by production [HBP] . Unless you get out on the real fringes of the basin, where you don't have conventional gas production, there is virtually no acreage available.
Now that doesn't mean that a person can't buy coal rights from someone, but because the acreage is HBP, the
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