Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 27, 2014 at 8:08

 If Petrohawk had not painted themselves into a corner in the Haynesville Shale, Wildhorse would not have aquired the Lincoln Parish leasehold.  Wildhorse has been successful employing modern horizontal drilling and hydraulic stimulation technology and has been creative in their well designs.   However I don't think that the CV/LCV was considered depleted in the Hico-Knowles and Ruston fields  Petrohawk simply had to sell assets to continue to compete for Haynesville acreage. And horizontal CV wells were being drilled before the Haynesville Shale sucked all the air out of that play.  IMO it's not only the Wildhorse well designs but the rock that is producing these impressive results.  Map the wells and it will be obvious that the very productive area is currently ~4 by 6 miles.  The CV Sands are conventional reservoirs, not unconcentional reservoirs.  As such they are not continuously and consistently productive over wide areal extents. Other energy companies have discovered limited fairways with CV liquids - south Caddo/north DeSoto  has been discussed quite a bit and those discussions may be reviewed in those parish groups.  Panola County in E TX ajso has commercial horizontal CV wells.  All the evidence to date, 3 to 4 years, indicates that although the CV and other conventional NW LA formations may have additional discreet, limited areas of exceptional low permeability that may respond to the Wildhorse well designs, none other than those mentioned have been discovered yet.  The jury is still out as horizontal wells are still being drilled in the Pettit, Hosston, Haynesville Sands and the Smackover. 

Permalink Reply by Dale Slack on September 29, 2014 at 3:11

According to Sonris WildHorse spudded their first well in the West Simsboro field on 05/92/14.  I checked it this morning and it still shows "Drilling in Progress"  It it likely that they would still be drilling after 5 months?  How long to they have to report progress?  Is there any way to get more current information than the operator reports on Sonris?

 

I think Indigo drilled a well in the West Simsboro a while back which Wildhorse later completed but there seems to have been very little activity in this field, especially compared to the others in LIncoln Parish.  Any thoughts on the prospects for this area?I

Permalink Reply by Skip Peel - Mineral Consultant on September 29, 2014 at 3:27

Dale, SONRIS Well Scout reports are practically useless in attempting to track drilling ops in real time.  That data is reported to the state by the well operator and the requirements for timely, regular reporting are not stringent and the field inspectors for the Office of Conservation normally do not prod operators to report more often than they do so voluntarily.  It is common for a rig to spud, drill the well and be gone before a spud date is ever reported to SONRIS.  Those of us that require more timely data subscribe to a weekly rig report, there are several to choose from, that report drilling status each Friday.  Those reports will only tell you when the rig has finished drilling and casing the well and been moved to another location.  A well can then sit idle for weeks if not months until a frac crew arrives to complete the well.  There is no reporting service for frac operations.  Depending on the company that is the well operator you may get a corporate announcement or the completion and initial production data will simply show up one day on SONRIS. 

Permalink Reply by Dale Slack on October 2, 2014 at 6:49

Thanks for your thoughts.  If you own mineral interest in the unit and contact Wildhorse are they obligated to provide you with the current information on the well or do you just have to wait until they make some voluntary annoucement or circulate a division order?

Permalink Reply by Skip Peel - Mineral Consultant on October 2, 2014 at 6:58

They are not obligated to provide well status reports.  Your best course is to learn how to perform simple searches on SONRIS, the state O&G database.  Join the SONRIS Help Center Group and read through the discussions there.  Wildhorse will perform a state completion test which will be available in the database.  Your Division Order should arrive within 90 days after the well is reported complete.

http://www.gohaynesvilleshale.com/group/sonris_help_center

Permalink Reply by Dale Slack on October 2, 2014 at 7:35

Thanks.  I will check it out

Permalink Reply by North LA on September 28, 2014 at 13:53

Looks like Wildhorse may try a horizontal hosston well in the near future. They are also starting to step out to the east into Choudrant and west into Claiborne parish. I've been impressed with what they've done and i hope they continue with the aggresive growth strategy.

http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...

Permalink Reply by North LA on September 30, 2014 at 14:51

Bee,

After doing a little research I see that Wildhorse (Memorial) is going to drill wells into the Hosston, Upper Cotton Valley, Middle Cotton Valley, LCV(as they have been), and the Bossier. This is the kind of company you want on your land. See below permits associated with each formation. The Hosston example is above.

http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...

http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...

http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...

Permalink Reply by mt "bee" meadows on October 6, 2014 at 17:29

WildHorse Production in Terryville Field, Lincoln Parish                                          

 

Month       Oil/Condensate       Gas                 Pay WildHorse            Pay Mineral Owner

 

01/14        33,525                     2,569,329        $ 16,031,520                $ 3,607,092

02/14        30,170                     2,839,810        $ 17,065,200               $ 3,839,670

03/14        35,039                     2,937,313        $ 18,015,270               $ 4,053,436

04/14        34,389                     2,687,927        $ 16,706,590               $ 3,758,983

05/14        29,608                     2,626,127        $ 15,943,395               $ 3,587,264

06/14        27,519                     2,363,087        $ 14,429,740               $ 3,246,692         

07/14        28,809                     2,209,221        $ 13,782,960               $ 3,101,166

 

Production data from Sonris,

Assumptions:  oil/condensate @ $95/bbl, gas @ $4.00 + 25% for plant product estimate,

Mineral owners receiving ¼ after 10% deducted for severance tax

 

Yes mineral owners income, averaging 3.6 million per month is wild speculation but just for a moment say it’s in the ball park and lets say WHR has 150 royalty checks to pay each month covering RIs in Terryville Field, I’d sure like being one of that 150 (I’m not) with an average monthly check of $ 24,000.

 

Wow Thanks WildHorse for investing here in North Louisiana !!!!  

Permalink Reply by North LA on October 7, 2014 at 1:47

NGLs are about $40/barrel.

http://marketrealist.com/2014/06/natural-gas-liquids-gain-boosted-p...