Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on December 5, 2012 at 4:22

SWN may find greater interest from potential JV partners for formations other than the Brown Dense across their 500,000+ acres of S AR/N LA leasehold. 

Permalink Reply by Aubrey C. Sanders, Jr. on December 5, 2012 at 4:27

I expect to see XTO division of Exxon-Mobil to be a JV partner.

Permalink Reply by Bradley McWilliams on December 5, 2012 at 12:01

Who knows, but I would bet on either a major that isn't interested in drilling there, maybe a Shell or Total, or a foreign national company, such as Petrobras or someone like that.  I don't think a company with operating expertise here in the states would feel they have anything to gain from it, (Cross Timbers Oil for example has plenty to work on for themselves) but someone overseas wanting to learn about shale production may buy into it. But this is all just a guess, worth nothing at all...

Permalink Reply by Jimburgess on December 5, 2012 at 4:30

Skip,

Do you believe that SW thru their BD drilling may have opened up

some interest in more shallow formations throughout their 500,000 ac.

prospect.??

Jim B.

Permalink Reply by Skip Peel - Mineral Consultant on December 5, 2012 at 6:30

That's a possibility, Jim, but I think it more likely that certain companies had pre-existing interests in shallower formations and zones that may benefit from the new E&P technologies.  They are just now acting on those interests because dry gas has ceased to be a profitable focus and they need liquids production.  Not strictly oil but gas wells with significant liquid fractions:  oil, condensate and NGLs. SWN leased up such a large area that it makes it difficult for other operators to get a foot hold.  They can drill around the SWN leasehold or try to negotiate drilling rights for the depths they are interested in from SWN.  A JV partner could make a decision to invest based on the potential value of formations other than the Lower Smackover.  I think that would be great because it looks likely that much of the 560,000 acre SWN leasehold is not prospective for the Brown Dense.  It may however have Pettit, Cotton Valley, Haynesville or other zones with potential.

Permalink Reply by tony allen on December 7, 2012 at 7:27

Here is Mueller's interview with Bloomberg.

http://www.bloomberg.com/video/southwestern-energy-ceo-on-possible-...

 

Permalink Reply by Land Rat on December 12, 2012 at 9:35

So quiet, I feel like everyone is holding their breath.  This play is far from dead.  With a dozen+ companies significantly invested across a very diverse leasehold, there is still a lot of opportunity for experimentation and risk-taking.  Any new boots-on-the-ground reports from Union Parish?  Is any leasing going on? Seismic proposals?

Permalink Reply by don wilkes on December 18, 2012 at 11:52

Attachments:

• SWN 2013.docx, 11 KB

Permalink Reply by North LA on December 18, 2012 at 12:28

Well it's good to see they are still trying.

Permalink Reply by whodat on December 20, 2012 at 4:18

Does anyone have any information about Tellus operating company drilling a smackover well near Athens??

Permalink Reply by Skip Peel - Mineral Consultant on December 20, 2012 at 4:22

The only active well permit that Tellus has in LA is this one:

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

Permalink Reply by Jon on December 20, 2012 at 11:51

This may be old news, this is an article in Arkansas Business Magazine about the Brown Dense and SWN.

http://www.arkansasbusiness.com/article/86843/new-wells-encouraging...

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