Replies to This Discussion

Permalink Reply by B Kenner on February 8, 2012 at 5:47

I sure hope that is true for all involved and I certianly hope they have as much success in the Ora Field.

Permalink Reply by Oilman28 on February 8, 2012 at 7:17

1000 bopd seems awful high for only 3 frac stages! If this is the case, everyone better hold on tight in the LSBD! In addition, the well should not be flowing if they are in fact still fracing it. They have to drill out the plugs that are installed during the frac process before it will actually flow and that usually happens several days or longer after the frac job is complete.

Permalink Reply by obed w odom on February 8, 2012 at 7:37

At one point SWN said they were going to do a total of about 12 fracs in the Roberson, but in three groups of about four fracs each, at different times, starting at the toe and moving toward the heel. So my take is that they are probably now working on their last group of 4 fracs.

Permalink Reply by Steve on February 8, 2012 at 8:54

Unless they are using composite plugs with a flow-back valve... like they do in the Fayetteville and elsewhere.

Permalink Reply by obed w odom on February 9, 2012 at 5:30

I think you're right about the time, but just in case I'm going to also check at 11 am CST. Hopefully we will get some very pertinent (and exciting) info.

Permalink Reply by Freighttrain on February 9, 2012 at 7:08

Did SWN announce anything that all us mineral owners would be excited to learn?

Permalink Reply by Quick Shot on February 9, 2012 at 7:30

Production started at noon today.  Steve says he would be excited abot 100 bpd and could work it up to 400-500 bpd.

Permalink Reply by Quick Shot on February 9, 2012 at 7:36

Steve says well fracked well. Did not have water issues.

Permalink Reply by Lee Max on February 9, 2012 at 7:44

3,000,0000,0000 recoverable on SWN'S 500,000 acres

Permalink Reply by Timothy W. Hurckes on February 9, 2012 at 8:14

Lee, What assumptions did you use to calculate 3 billion barrels?

Permalink Reply by DavidR on February 9, 2012 at 8:33

He stated in the presentation they estimated 2.8-3B bbls recoverable just based on rates elsewhere of about 10%. 

That would presume that evolving technologies will not increase that percentage, and that is a pretty substantial presumption.

Permalink Reply by North LA on February 9, 2012 at 8:24

3,000,000,000 x $100 = $300,000,000,000/500,000 acres = $600,000 acre

 

$600,000 x .20 (royalty) =

 

$120,000 acre  (if my math is correct)

 

I like that potential but it remains potential for now.

• ‹ Previous
• 1
• 2
• 3
• Next ›
• Page