Replies to This Discussion

Permalink Reply by Mike McKenzie on February 5, 2012 at 21:59

Skip,

 

Many thanks for staying on top of these Hearings.  I am an old geology from Canden, Arkansas who has lived in Houston/Sugar Land for nearly 50 years.  I am trying to keep up with what all is going on and you and the others are really appreciated.

 

Mike

Permalink Reply by Skip Peel - Mineral Consultant on February 6, 2012 at 2:54

Your welcome, Mike.  The regular corporate presentations coming up over the next 30 days will likely have some mention of the first LSBD wells by Southwestern, Cabot and Devon.  I'm not sure about XOM/XTO as they have no need to release any information.  I'm hoping for a new round of well permits around that time also.  Stay tuned.

Permalink Reply by Mike McKenzie on February 6, 2012 at 3:17

Thanks, I be be looking forward to your efforts for so many.

Mike

mikemck77@earthlink.net

 

Permalink Reply by Lerret on February 6, 2012 at 10:43

I also noticed that Cabot has an application for an offset in an adjacent section and the unleased were offered 1/6th and $300 per acre if I recall correctly

Permalink Reply by Skip Peel - Mineral Consultant on February 6, 2012 at 11:03

Darned AR. Forced Integration regs!  Lerret, do you have the docket number for the offset application?  If so, please post it.  We need to do a little tutorial on the AOGC database and could use the app as part of the example search.

Permalink Reply by obed w odom on February 6, 2012 at 12:11

Skip,

The docket # for the Cabot unit application is 003-2012-01.The proposed unit consisted of Section 28 T19S R17W, just NE of Section 32, where the current Cabot well is located. Unleased mineral owners were offered $300 per acre and 1/5 royalty. The hearing was set for January 24, 2012.

Permalink Reply by Skip Peel - Mineral Consultant on February 6, 2012 at 12:16

Thanks, obed.  I will have to go out of town tomorrow to look at a well.  Not an LSBD well.  Would you consider posting a new discussion with instructions on how to do a basic search for units and wells utilizing the AOGC database?  I may not be able to get to it until the end of the week and I promised Keith that we would include that information in the new group.

Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2012 at 5:01

Cabot completed the DENNY 1-32H as a vertical well on 2/12/12.  On 2/28 they turned in a request for change of purchaser designating Lion Oil.  On 2/29 they turned in a completion report without including any test results or production data.  I believe that they will be required to turn in a completion report with test data 30 days from the date of first sales.  That date likely occurred shortly after the change of purchaser date.

Permalink Reply by obed w odom on March 10, 2012 at 12:22

They did a good job of keeping this a secret. I guess the Halliburton trucks that were reported at the location about the first of Feb were just fracking the vertical portion. Cabot must have taken a page from XTO's book for the Morehouse Parish well. It will be interesting to see their test and oil sales numbers.

Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2012 at 12:40

Vertical completions are unlikely to tell us anything about the potential of the Lower Smackover.  Neither Cabot's nor XTO's well were intended to be vertical completions.  You don't apply for a horizontal permit and proceed to case a well to allow for drilling a lateral and then complete as a vertical unless there is a good reason.  A vertical completion may generate some science beyond logs or cores but it also saves 70 or 80% of the projected well cost.  With Devon's well temporarily abandoned so much for SWN slowing their exploration schedule to wait on results from the LSBD wells drilled by others.

Permalink Reply by Ed on March 10, 2012 at 16:59

Skip I don't see where they completed as a vertical. I was looking at the Directional Survey filed 02/29. Looking through the AOGC is like digging in the trash for info.

http://aogc2.state.ar.us/scripts/cgi/dwis.pl?COMMAND=9&SESSIONI...

Permalink Reply by Skip Peel - Mineral Consultant on March 11, 2012 at 1:59

Ya just gotta know where to look Ed.

http://aogc2.state.ar.us/scripts/cgi/dwis.pl?COMMAND=9&SESSIONI...

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