defining the edges of the HS

Today Jack heard from an industry insider that they hit the first dry hole in HS.  I did not get the section or well, but it was SE of Pleasant Hill.

Had the HS experts already heard this? 

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Permalink Reply by TPFH on November 3, 2010 at 10:06
241732 HA RA SUN;OLYMPIA MINERALS 11 001 19-JUL-10 S371 011-08N-11W 9971 ZWOLLE 19880
Look this up on Sonris.
Permalink Reply by Skip Peel - Mineral Consultant on November 3, 2010 at 10:16
Encana has also Plugged & Abandoned S/N 241598 in S4 - 10N - 9W. In both these cases there are other nearby wells by the same operators that have not been P&A'ed. With the disclaimer that the productive limits of the shale do not go on forever, I'm not writing off either area until I see how the other wells turn out.
Permalink Reply by TPFH on November 3, 2010 at 10:29
Skip
That Ser# is 241589. Ser# 241598 is in 9n-12w Jeanna Sistrunk
Permalink Reply by Skip Peel - Mineral Consultant on November 3, 2010 at 10:31
You're right. Thanks for the correction. It's the ECA Waller Family LLC well in the King Hill Field, Natchitoches Parish.
Permalink Reply by Checkmateking on November 3, 2010 at 11:38
Most of 19N and above might as well be dry holes.
Permalink Reply by Jack Blake on November 4, 2010 at 1:43
This well I heard about must have been this one. You have better info. than the O & G guy I talked to.
He also said they are getting UMI to sign for royalties only-no lease bonus. I think people are realizing that the HS looked so good because of ng prices.
It may take a very long time to pay off wells.
Permalink Reply by Terry L. Antee on November 4, 2010 at 3:33
Any landman getting leases for royalty only, I would not trust him and call the company to make sure he worked for the company and they new what he was doing.
Permalink Reply by Linda Whatley on November 4, 2010 at 4:38
There was a landman in our neighborhood (North DeSoto Estates), recently trying to get UMI for royalties only. He was representing Encana.
Permalink Reply by Skip Peel - Mineral Consultant on November 4, 2010 at 5:02
IMO, this is triage. Encana's development budget for the Haynesville Play is shrinking. Management is trying to stretch those dollars to cover as much rock of reasonable quality as is possible. Although we have seen leases expire without renewal offers or drilling in fringe areas of the play this year, we are about to start seeing expirations in areas that have been derisked to some degree. Some of those areas will be good shale but require a large investment in infrastructure. It's more reasonable to drill HBP wells in close proximity to existing pipeline connections. Companies will hold the maximum they can under the circumstances and allow the leases on the rest to run out.
Permalink Reply by Jack Blake on November 4, 2010 at 14:10
The guy Jack met who's doing the no bonus / royalty leases works for SWEPI.
Permalink Reply by Two Dogs, Pirate on November 3, 2010 at 14:01
Jack, I have heard of a P&A SE of Pleasant Hill or just East of Belmont. My sources tell me that a driller hit the panic button and sheared off 287 feet of pipe that dropped back down the hole.
Permalink Reply by Jack Blake on November 4, 2010 at 1:03
JB heard from an O & G negotiation agent of a well in the same general area that was P & A due to not enough gas to make a well.
This guy is working for an O & G trying to get people to sign papers so he was probably blowing smoke at Jack.
Long live the HS. No dry holes was the rallying cry of the day.

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