Replies to This Discussion

Permalink Reply by Robert Craft on January 29, 2013 at 2:47

Thank you Vernon and Snoopy.

Permalink Reply by GoRicky on January 29, 2013 at 7:06

Those photos are great, Vernon & thanks, Snoopy.  I live "a ways away" and have driven over 7-8 times while Revolver was drilling.  Last week, went over & heard that the well has been fracked & tested.  Instead of the rig going to the Penny Lane, I was told that it moved to NM!.  Got to see the GIANT of a rig up by Crockett, too.

Does anyone know any specifics on the Revolver? - Thanks...

Permalink Reply by Joseph Cartwright on February 5, 2013 at 16:03

2-3 weeks ago the fracking trucks for Revolver were parked on Penny Lane and they really  rutted and gutted it. Crew came in today to pour more cement, sand and re-surfaced the entire Penny Lane pad. Caterpillar still parked there. XTO lease "lady" still pursuing re-leasing most of the surrounding areas and some that were not leased before but at low prices.

Permalink Reply by Vernon on February 6, 2013 at 5:26

Snoopy buzzed the Penny Lane pad yesterday and reported some cleanup activity.  He is thinking that it may be in preparation for moving in drilling equipment.

Attachments:

• XTO Penny Lane wellsite photo #1 05FEB13.JPG, 580 KB

Permalink Reply by Robert Craft on February 12, 2013 at 4:18

Scandrill reports that the Scan Patriot is rigging down from Devon's Cook 2H and will be stacked in Tyler.  I guess some other driller will be assigned to Penny Lane.

My memory is that the Scan Texas drilled both Abbey Road and Revolver.

Permalink Reply by Lucky347 on February 12, 2013 at 7:38

Yes Texas drilled both wells for them and then XTO cut them loose. Scan sure is stacking a lot of rigs which doesn't look good!!

Permalink Reply by Dry Hole on February 12, 2013 at 13:22

based on the number of days drilling those wells I would bet they have efficiency issues

Permalink Reply by Vernon on February 6, 2013 at 5:29

Latest Snoopy pics of Revolver and Abbey Road.

Attachments:

• XTO Revolver wellsite photo#1 05FEB13.JPG, 620 KB
• XTO Revolver wellsite photo#2 05FEB13.JPG, 608 KB
• XTO Abby Road wellhead photo #1 05FEB13.JPG, 630 KB

Permalink Reply by Vernon on February 23, 2013 at 6:43

Does anyone have any news, observations, speculation or recent rumors on the Revolver?

Permalink Reply by Vernon on March 1, 2013 at 2:35

We received a response from XTO after submitting "our" lease back to them.  They said "at this time XTO hereby withdraws the offer to lease."  We are about 3 miles south of Revolver in Trinity Co.  Seems to me that it is either their way (1/6th) or the highway.  Ha!

Permalink Reply by Bill Smith on March 1, 2013 at 4:58

Did they offer you a 1/6th royalty to extend an existing lease, or were they trying to lease your minerals for the first time? What did you offer back to them that they didn't like? I wasn't aware of anyone in this area getting better than 1/6th. 

Permalink Reply by Vernon on March 1, 2013 at 6:14

Did they offer you a 1/6th royalty to extend an existing lease, or were they trying to lease your minerals for the first time?

Their offer was for a lease extension.  We countered that we wanted a new lease with more royalties although no figure was discussed.

I wasn't aware of anyone in this area getting better than 1/6th.

I would not think that anyone would accept that little now. 

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