Replies to This Discussion

Permalink Reply by Lance Oliver on December 20, 2014 at 7:13

Target depth is fast approaching!

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Permalink Reply by Lance Oliver on December 22, 2014 at 7:59

At this improved rate of drilling, the completion depth just might be reached around Jan. 2nd, 2015.

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Permalink Reply by obed w odom on January 9, 2015 at 18:57

Rig seems to have moved off location for the Bigfoot #1, as of 1/9/2015, but I don't know what the status of the well is.

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Permalink Reply by Lance Oliver on January 10, 2015 at 15:42

That makes me think that target depth was reached!

Is moving a rig off the site of the well part of an ongoing process that happens in natural gas extraction?

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Permalink Reply by obed w odom on January 10, 2015 at 16:00

Yes, from my limited knowledge about this I think they usually bring in a smaller rig to be used in the fracking process. Of course,the rig would also move off site for a dry hole, but let's hope this isn't the case.

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Permalink Reply by Skip Peel - Mineral Consultant on January 10, 2015 at 16:06

There is no drilling rig used in a frac operation.  Here's a link that shows a well being fracked.

https://www.google.com/search?q=hydraulic+fracture+operation+image&...

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Permalink Reply by Lance Oliver on January 10, 2015 at 16:13

Thanks Skip.

That's great to learn about.

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Permalink Reply by Lance Oliver on January 10, 2015 at 16:10

With the capability to go out from the main drilling well to over two miles in most directions, I certainly hope they found some good shale layers to frack.

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Permalink Reply by Kirsten Cogan on January 18, 2015 at 14:35

How/when do we find out the status of the well?

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Permalink Reply by Kirsten Cogan on December 22, 2014 at 8:24

What happens next in the process after they reach their target depth? Although I have a small amount of leased mineral rights I have no idea what to expect or how to get information.

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Permalink Reply by Lance Oliver on December 25, 2014 at 14:00

Thank you for the process info Mike.

In our case, BBX made sure the heirs to the mineral rights acreage had our title documentation in place before they would begin drilling.

We were also informed by BBX that their policy is to pay out royalties within three months from the time the natural gas is sold,

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Permalink Reply by Lance Oliver on January 20, 2015 at 7:20

I hadn't seen any updates so I called a landman we signed the contract with yesterday. He said he had heard last week that there was some sort of problem with the rig. I said I had heard it was moved. Since he isn't one of the people on site, he could not offer any more information. That's of course a little frustrating to hear. Hopefully someone here can get more details on what the problem is and when they will resume the project.

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