First Barnett Shale, Then Haynesville and Now Pearsall Shale’s Yielding Instant Real Estate Riches a

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 19, 2008 -- For $100 an acre you could have leased deep rights for much of the Barnett and Haynesville Shale a year or two ago. Now leases in the most promising areas as selling are selling for as much as $20,000-$30,000 per acre. Some savvy investors retained interested as high as 10% of the soon to be drilled wells. If you’ve missed out on these booms it may not be too late to get on the ground floor of the Pearsall Shale in South Texas.

Hidalgo Exploration & Production Co., Inc is seeking accredited investors to purchase and hold leases in promising deep shale play areas as well as shallow potential production. Producing from shallow would hold these leases with production while values for the deeper right appreciate and shallow wells earn income.

“When the deeper shale wells begin to develop the investor could retain interest or hold overriding royalty interest from as much as 5% to 10 % of the wells future revenues without paying any of the drilling, completion or operating costs”, stated Dean Philpot, President of the company. These wells can cost up to $10 -15 million dollars to complete and could yield millions of income for each well.

Barnett     Haynesville