Replies to This Discussion

Permalink Reply by Two Dogs, Pirate on September 8, 2016 at 8:44

Mike what are these "Subpar terms"?

Permalink Reply by Skip Peel - Mineral Consultant on September 9, 2016 at 9:59

A 9/40ths. royalty with the right cost free clause can be as good or better than one quarter without.  Is the no cost language in the lease form supplied by the lessee?  Or an experienced O&G attorney working for the lessors?  I am aware of recent LA Haynesville leases at a quarter with some royalty deduction limitations but that doesn't mean there are any in E TX.

Permalink Reply by Skip Peel - Mineral Consultant on September 9, 2016 at 12:36

You're welcome, Mike.  It's a good story to stick to.  Hard to come by much leasing intel in that part of E TX so much appreciated.

Permalink Reply by EgiB on September 12, 2016 at 2:40

I think his EUR map is off somewhat.  There are several wells in southern Shelby County that have already produced or will soon produce over 6 BCF.

Permalink Reply by jffree1 on September 30, 2016 at 4:02

You can probably safely ignore that map (no offense, Mike). It's from Art Berman who has been talking down about Haynesville from the beginning.

Trouble is that he is comparing apples to kumquats because  a lot of the existing wells are Phase I (my term for 2009-2010) hbp wells surrounding a handful of exceptional Phase II (2011-2013) wells which had longer laterals, smaller stages w/more perfs and (probably) different frac design. Now we're in at least Phase III and possibly Phase IV with lateral length, staging/perfs & frac design but everything besides lateral length is hard to to discern because XTO and BP don't put that data on their public reports... and they are they only operators still drilling today.

Permalink Reply by Sod Holder on June 10, 2018 at 16:57

I am in the middle of two wells that are being developed right now near the FM 1669 area, most of us leased in this area at the beginning of the year.  I heard yesterday that there was an even better well that was completed not far from here that is a good producer, has anyone heard anything about it? 

I also saw on 1669 they are clearing land right on the side of the highway and wonder if this will be another well site.  Seems not very many people around this area know to look online or have found this group.  I would like to thank everyone for posting and making the information available to the new people.  I knew to hire an attorney to have my contract written up and it was money well spent.  Thanks again and if anyone has any information I would love to hear it about my area.

Permalink Reply by EastTexasFarmer on June 11, 2018 at 8:50

Rumor is a second well is planned for the Huntington area. The Amp Angelina pipeline should be near completion which will allow for further development. BP wells north of Huntington are good producers. If you look at the completion reports, these wells have potentialed between 10 million and 15 million cubic feet per day (per bore). BP typically drills two bores per permit (exploratory wells are single bore). Four rigs are currently running north of HW 103E and are focused in an area where Black Stone Minerals has a heavy concentration of minerals that they recently purchased from the Angelina County Lumber Company heirs. BP is quite methodical with their well placement, with infill drilling being a norm. This is a long term development effort, and it's going to take some time for BP to fully appraise and develop the massive amount of acreage that they have currently leased.

Permalink Reply by Sod Holder on June 25, 2018 at 3:50

I am near the wells they are drilling north of HW 103E and talked to a man that is doing the land research that he says is the last step before they bring in the rig.  What I am wondering is when I look at the wells they have drilled, I see #1H and #1HB and figure these are the two bores you speak of.  What do the H and HB stand for?

Permalink Reply by Skip Peel - Mineral Consultant on June 25, 2018 at 14:41

H = Haynesville, B = Bossier.

Permalink Reply by Sod Holder on June 26, 2018 at 1:12

Thank you for the explanation.  

Permalink Reply by Sod Holder on June 12, 2018 at 2:54

Thanks for the reply, the location you speak of is where I am at just north of Hwy 103. Do you have a link where I can look at the completion reports? A neighbor has had an offer to buy his mineral rights and it is quite a sum they offered him and he is seriously considering their offer. I know we are a few years out from getting a check but a lot closer than we were in 2008 when I found out I owned my mineral rights.

Permalink Reply by jffree1 on June 12, 2018 at 3:46

I have completion reports on all of the BP wells turned in, so far. I will start a new discussion and attach what I have. Here is a map of the present rig locations.

Legend

Red (B) = completed & reported, flowing gas

Green = drilled/waiting on completion

Blue = presently has a rig on location

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