June State Mineral Auction Signals Start of AC Drilling Season? - GoHaynesvilleShale.com2024-03-29T10:32:40Zhttps://gohaynesvilleshale.com/forum/topics/june-state-mineral-auction-signals-start-of-ac-drilling-season?groupUrl=austinchalk&commentId=2117179%3AComment%3A3695225&xg_source=activity&groupId=2117179%3AGroup%3A1676439&feed=yes&xn_auth=noScreen shot. :-)
tag:gohaynesvilleshale.com,2018-06-26:2117179:Comment:37103882018-06-26T01:42:59.159ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Screen shot. :-)</p>
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<p>Screen shot. :-)</p>
<p></p> Skip, if the big bucks come m…tag:gohaynesvilleshale.com,2018-06-25:2117179:Comment:37098462018-06-25T15:21:11.186ZKeith Mauck (Site Publisher)https://gohaynesvilleshale.com/profile/Haynesville_Shale
<p>Skip, if the big bucks come my way I'll be the first to let you know and share :-D</p>
<p>Skip, if the big bucks come my way I'll be the first to let you know and share :-D</p> You're welcome, John. Where…tag:gohaynesvilleshale.com,2018-06-20:2117179:Comment:37081972018-06-20T21:47:53.396ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>You're welcome, John. Where shall I send the bill? :-)</p>
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<p>You're welcome, John. Where shall I send the bill? :-)</p>
<p></p> As always thanks for the valu…tag:gohaynesvilleshale.com,2018-06-20:2117179:Comment:37080342018-06-20T21:45:55.197ZJohn M Santamariahttps://gohaynesvilleshale.com/profile/JohnMSantamaria
<p>As always thanks for the valuable information Skip!</p>
<p>As always thanks for the valuable information Skip!</p> RM, good point regarding fiel…tag:gohaynesvilleshale.com,2018-06-20:2117179:Comment:37079232018-06-20T17:17:40.311ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>RM, good point regarding field services. The Haynesville/Bossier/Cotton Valley area is already playing fifth or sixth fiddle to other major plays and the number of drilled but not completed wells is up to 321 as of the end of May. Haynesville focused operators are employing multi-well zipper fracs and it will be interesting to see if any of the completion companies now under contract will go to central LA for a single well completion. If so, I think AC operators will be paying a premium. …</p>
<p>RM, good point regarding field services. The Haynesville/Bossier/Cotton Valley area is already playing fifth or sixth fiddle to other major plays and the number of drilled but not completed wells is up to 321 as of the end of May. Haynesville focused operators are employing multi-well zipper fracs and it will be interesting to see if any of the completion companies now under contract will go to central LA for a single well completion. If so, I think AC operators will be paying a premium. I think AC operators may need to get together and cooperate on a schedule that makes it worth while for one completion crew to be dedicated to the play. Of course, COP, EOG and MRO can pay the premium for exploration, don't know about the smaller players. Could get expensive.</p>
<p></p> Skip,
Good answer as to your…tag:gohaynesvilleshale.com,2018-06-20:2117179:Comment:37080842018-06-20T16:34:11.023ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Skip,</p>
<p>Good answer as to your second paragraph. Time will tell as to how well and where (if anywhere) the AC hz frac play will work in Louisiana.</p>
<p>At least operators are trying to make the play. Plus the TMS back on track again with Australis effort.</p>
<p>I anticipate some issues with supply and contractors (frac crews, proppant availability, rigs, etc.) as both the AC and TMS now are competing with for Haynesville Shale equipment and contractor effort.</p>
<p>Skip,</p>
<p>Good answer as to your second paragraph. Time will tell as to how well and where (if anywhere) the AC hz frac play will work in Louisiana.</p>
<p>At least operators are trying to make the play. Plus the TMS back on track again with Australis effort.</p>
<p>I anticipate some issues with supply and contractors (frac crews, proppant availability, rigs, etc.) as both the AC and TMS now are competing with for Haynesville Shale equipment and contractor effort.</p> State leases more often than…tag:gohaynesvilleshale.com,2018-06-20:2117179:Comment:37080812018-06-20T16:11:59.432ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>State leases more often than not signal that development activity is about to commence. Companies accumulate the private leases for an area of interest and then fill in with state leases which must be drilled within a year, forfeited or an additional lease bonus paid for the second year. I think we will see multiple well permits in the coming weeks.</p>
<p>As far as I can tell, no, the operating companies are just beginning to get the science and drilling results they need to try and…</p>
<p>State leases more often than not signal that development activity is about to commence. Companies accumulate the private leases for an area of interest and then fill in with state leases which must be drilled within a year, forfeited or an additional lease bonus paid for the second year. I think we will see multiple well permits in the coming weeks.</p>
<p>As far as I can tell, no, the operating companies are just beginning to get the science and drilling results they need to try and crack the code on the central LA AC. There will be a learning curve and there will be areas that are economic and areas that are not. This is not a shale play. Rock quality and the amount of recoverable hydrocarbons will vary across the area now seeing interest. It's like a lottery - some will win and some will lose. It may well take two or three dozen wells and another year to know whether the play is economic.</p> Got it. Could this be a sign…tag:gohaynesvilleshale.com,2018-06-20:2117179:Comment:37079762018-06-20T16:02:29.596ZJohn M Santamariahttps://gohaynesvilleshale.com/profile/JohnMSantamaria
<p>Got it. Could this be a signal of any sort of immediate action on top of all this positive news? Because of the pipeline limits being reached in the Permian I guess they will re-intensify their focus on our area. Have they figured out the better procedure to deal with the differences between Karnes county and our parishes chalk formation? Thanks</p>
<p>Got it. Could this be a signal of any sort of immediate action on top of all this positive news? Because of the pipeline limits being reached in the Permian I guess they will re-intensify their focus on our area. Have they figured out the better procedure to deal with the differences between Karnes county and our parishes chalk formation? Thanks</p> The state by law is required…tag:gohaynesvilleshale.com,2018-06-20:2117179:Comment:37080712018-06-20T15:52:46.365ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>The state by law is required to hold in perpetuity any acquired mineral rights through whatever means. So besides the "beds and bottoms" of all water bodies navigable at the time of statehood, all mineral rights that may be acquired at a later date become state property and may not be divested. Keep in mind that the state Mineral Board auctions include all public lands. So mineral rights owned by a municipality, a levee board, a school board, a volunteer fire department, etc. are…</p>
<p>The state by law is required to hold in perpetuity any acquired mineral rights through whatever means. So besides the "beds and bottoms" of all water bodies navigable at the time of statehood, all mineral rights that may be acquired at a later date become state property and may not be divested. Keep in mind that the state Mineral Board auctions include all public lands. So mineral rights owned by a municipality, a levee board, a school board, a volunteer fire department, etc. are regularly part of the onshore tracts appearing in the monthly auctions.</p>
<p></p> Just out of being curious, so…tag:gohaynesvilleshale.com,2018-06-20:2117179:Comment:37079072018-06-20T15:45:22.830ZJohn M Santamariahttps://gohaynesvilleshale.com/profile/JohnMSantamaria
<p>Just out of being curious, some of these small tracts are in the middle of what I thought were all privately owned properties in our area. How does the state generally acquire these tracts? Non payment of property taxes and so forth? Once again Thanks Skip for the valuable info.</p>
<p>Just out of being curious, some of these small tracts are in the middle of what I thought were all privately owned properties in our area. How does the state generally acquire these tracts? Non payment of property taxes and so forth? Once again Thanks Skip for the valuable info.</p>