Having seen the agreement between land owner and Classic, the pad is 500x500 (5.74 acres}. As I stated earlier, the owner, said at first Classic told him it was for a TP under the National Forrest as Classic does not have the mineral rights in this portion of the N.A.Middleton survey. If that well were successfull they would try another.
Further discussions with Classic revealed that it would be a Haynsville or Bossier horizontal under the National Forrest.
I know its a lot of maybes, therefore we will all have to wait for the permit.
Talked to the owner recently and he will keep me posted on any developments.
There is one "possible " correlation to this well (USA "Courtney" 2} and the closeness of the "Courtney Survey", Approx.1.5 miles to the east southeast.
Thanks for the heads up on this permit. I am very disappointed that the TP is the target, was hoping for a Haynesville or bossier, as a good well in either would have helped many of us with new leases.
I have never heard of a TP horizontal. Maybe jffree could help us with that statistic. I guess the best we can hope for is a monster TP completion. It is going to be interesting to see what the results are for this horizontal.
Regardless, this is the well I have been talking about for some time and now we know what the target is.
We should not forget that the pad was built large enough to complete two wells. Your guess is as good as mine as to what might be the target for a second well.
I'll let you know as soon as i know when they move a rig in.
I am unable to find any production data for the 1H or 2H since your posting. Have you continued to receive royalty checks? If so please provide production rates through 2012.
CORRECTION: i DID NOT FEEL "RIGHT ABOUT THE ABOVE; THUS, I FOUND SOME GLASSES AND CHECKED . THE PAD IS 5.74. THAT IS TiV PROPOSED DRILL SITE PAD. FIVE AND SEVENTY FOUR HUNDREDTHS. SORRY ABOUT THAT!!!!!
Yes, I really hated that XTO purchased that out; my income really decreased from the point it was very fast. Then, I had a lease w/Ellora on another tract; I wish they would have stayed in our area. I certainly hope Classic stays in the area. Maximus was good too, but at least they sold to a good company small enough to work with the people, etc. I knew some gentlemen with Ellora who are very prudent, etc. One is from my area of residence (not Shelby) and they really know the business. I do not know if we will get a well w/XTO or not and decided not to care. LOL It is not in Joaquin Field.