Hey guys , anyone know anything about Petroguard drilling and production? I found alittle bit of information about them online after a brief search. They have been in Avoyelles parish for a long time in the Wilcox play just south of bunkie close to I-49. They are making lease offers in central Evangeline parish along hwy 106.
Jack, as to questions 1 through 3, no. As to your claim that legacy lawsuits cause the industry to spend their money elsewhere, I will point out one other fact that gets conveniently left out of industry arguments. Most O&G companies have a limited ability to go somewhere else. There are a limited number of emerging and established basins in a limited number of states that may be viewed as economic by the average E&P company. I'm sure that many would love to be in the Permian Basin, if they could afford it. The Permian and other currently attractive play areas have lots of companies vying for a position and there is little room for new entrants that is why O&G companies will invest wherever they see an opportunity. The list of LA AC entrants is already impressive and shows conclusively that those companies are not avoiding LA because of legacy litigation. There are additional advantages to operating in LA such as extensive infrastructure and proximity to markets/customers not to mention a very favorable regulatory environment.
Your good deed claim is open to the interpretation of all GHS members however be aware that you follow in a rather long line of industry types that have shown up over the years to push leasing programs. If you see fit to take that as a punishment, that is your prerogative. I think we have spent sufficient time on the subject of industry scare tactics. I invite you to post some facts about Mr. Stringer's operating experience and wells he has drilled with emphasis on any experience he may have with horizontal AC wells.
What about a range of current OGML cost to enter the various Basins ? Not sure there has been much discussed in this respect and would have some interesting feedback.
Austin Chalk (Avoyelles, St. Landry, Pointe Coulee, etc.)
Permian Basin (Andrews, Winkler, Ector, Ward, Loving, Reeves, Midland, Martin, Glasscock, Pecos, Crane, etc.)
john, I'm unsure how much interest there might be in that subject and specifics are hard to come by outside of publicly announced sales. Those companies that tend to issue press releases always like to emphasize the cost advantages of being an "early mover". That may not strictly apply to the AC trend in LA but the repeated failures of AC plays over the years probably works to the advantage of any company offering leases. Particularly on the royalty fraction and the opportunity for an override.
Skip how can you call yourself a landman if you have "never taken a lease in your career"? You cant be working, if you were you would not be able to spend as much time on this site. Fair to your clients?
lee, the reason that I have never taken a lease is because I do not work for the industry. My clients are largely, but not exclusively, individuals, families and LLCs that own large mineral interests and the law firms and CPAs that represent them. Since I am a database analyst I spend much of my day on the computer and GHS is one of the regular breaks I take throughout the day. I can assure you that my clients are quite satisfied with my work.
Thanks Skip for all the complimentary sound advice you provide here on GHS. We are watching very closely here in Evangeline as to lease offer details. Things are still very hush hush as landmen work the clerk of courts office and arent saying who they working for. If anyone has any grassroots info on what leases may be going for in Vernon, Desoto, Rapides, Avoyelles, etc. please share.
You're welcome. Might I suggest that curious land owners could also spend some time in the clerk's office/record room checking to see what companies are recording leases and where. Don't expect to find an actual lease, you are more likely to find a Memorandum of Lease that hides the bulk of the lease terms including royalty fraction. If you want to get a feel for bonus amounts, the only way to source factual data, not rumor, is in the monthly state mineral auction. State leases are usually taken later in the lease program as they only come with a twelve month term and require an additional payment to extend past one year. Leases in the state auction also often signals that drilling programs are about to get underway.
Skip please educate me on state leases. State owned land? Who can bid and where lease results posted .. as I see one coming up this week!
The State Mineral and Energy Board administers the state's proprietary interest in minerals and is composed of the governor, the secretary of the Department of Natural Resources, ex officio, and nine members appointed by the governor. Six members constitute a quorum. Click for the names, addresses and report assignments of the current Mineral and ...
The governor may appoint board members engaged in the industry and related business activity and each appointment shall be submitted to the Senate for confirmation. Each appointed member shall serve a term concurrent with that of the governor making the appointment.
The State Mineral and Energy Board is the exclusive body with the authority to lease for development and production of minerals, oil, and gas, any lands belonging to the State of Louisiana, or the title to which is in the public, including road beds, water bottoms, vacant state lands, and land adjudicated to the state at tax sale.
The Board may lease state agency lands as well, upon agency request, and may grant exclusive and non-exclusive permits to conduct geophysical and geological surveys of any kind on state-owned lands and water bottoms.
The Board is also authorized to explore and develop state lands and water bottoms subject to its leasing authority on its own behalf or through others contracted for that purpose. It may conduct geological and geophysical surveys of any kind; equip, drill, and operate wells or mines for the production of minerals; construct, operate, and maintain necessary or convenient facilities for saving, transporting, and marketing mineral production; enter into operating agreements; and do all other things which may appear to be necessary or desirable for the state's benefit.
The State Mineral and Energy Board has the responsibility for administering all existing mineral leases on such state lands to ensure maximum development and production and to ensure full compliance with the terms and conditions of the respective leases. It may act to recover nonproducing leased acreage, annul or amend leases, join in pooling and unitization agreements, elect to receive in lieu unit production or proceeds or in kind royalty, or enter into agreements to offset, compensate, or recover from royalty underpayment or overpayment.
The Board has final approval of transfers and assignments relating to state mineral leases or state-owned mineral rights, of state agency mineral leases issued by the agency directly, and of mineral leases entered into by state banks in liquidation. It also executes division orders directly or through staff and ensures proper statutory-mandated parish and dedicated funds transfers.
The Board manages significant portions of its responsibilities through five reports: Nomination and Tract, Lease Review, Audit, Legal & Title Controversy and Docket Review. Report members review with the staff all matters requiring Board approval and make recommendations to the composite Board. Details about the functions of the reports, and the current board members, are available on this Web site.
Staff support to the Board is provided by the Office of Mineral Resources which conducts the day-to-day operations of the Board's business and provides it with the information and technical advice necessary for the accomplishment of business at its meetings.
The State Mineral and Energy Board meets at the call of the governor, generally holding its meetings and State Lease Sales on the second Wednesday of each month in the LaBelle Room, also known as the Conservation and Mineral Resources Hearing Room, located on the 1st Floor of the LaSalle Building, 617 North 3rd Street, Baton Rouge, Louisiana.
An industry source has confirmed that Petro-Guard is partnering with Marathon Oil. Three of the top nine O&G companies by capex chasing the LA AC.
Oh Wow!!!! Is that Great News or what?