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Permalink Reply by RONNY on June 16, 2016 at 9:20

I am familiar with the two recent CUL's drilled across sec 30 into 19. However those wells are serial #248998 and #249246.  Wondering why they report under #239582, a totally different wellbore?

Thanks

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Permalink Reply by Skip Peel - Mineral Consultant on June 16, 2016 at 9:40

Wells within a unit report under the same LUW code number.  The SONRIS well file for 239582 should be showing 5 wells in the Well Count column.  239582 is currently reported under Status Code 33 Shut In - Productive, Future Utility.  The April production is actually from the four new CUL wells.  Those wells will have their production allocated to all three sections/units under their original LUW codes.  This is simply an entry screw up.  If it doesn't get fixed let me know and I'll inform the database staff.  All production from perforations in the lateral located in Section 19 will be credited to HA RA SU86 and reported under LUW 615665.

These are the new wells  with surface location in Section 7 contributing to the April production number.

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

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

These are the new wells with surface location in Section 30 contributing to April production.

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

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

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Permalink Reply by RONNY on June 16, 2016 at 23:12

Skip you are an absolute genius,  Will let ya know if error is not corrected.  Thanks for the explanation.

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Permalink Reply by Paul Butler on June 17, 2016 at 1:14

The SONLITE info suggests the wells were very expensive.

How much to drill & complete?

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Permalink Reply by Paul Butler on June 17, 2016 at 2:09

That's much better than I thought.

The figure 8 million is somewhat of a relief. 

Still, you need beaucoup gas to get to 8 million if you figure at least $1.50 mcf for transportation, treatment, compression, etc.

I was afraid those wells cost north of 10 million.

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Permalink Reply by Skip Peel - Mineral Consultant on June 17, 2016 at 2:12

I agree with Jay.  The horizontal HA wells with cost data that I have reviewed this year were in the $8M to $8.5M range depending on lateral length/number of stages. 

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Permalink Reply by Paul Butler on June 17, 2016 at 10:03

Have any of you people in the mutual admiration society actually seen AFE's for Haynesville wells less than 10 million with depth numbers like the ones Skip posted?

My experts tell me the numbers are light. 

I was shown 20 million dollar AFE's in the area with similar depth and completion characteristics.

Post a couple.  I'd love to see them.

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Permalink Reply by Skip Peel - Mineral Consultant on June 17, 2016 at 10:23

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

Permalink Reply by RONNY on September 28, 2016 at 3:47

I have seen two CUL AFE's.  One was a tad under 8 million and the other was a tad under 10 million.

Permalink Reply by Skip Peel - Mineral Consultant on June 17, 2016 at 2:26

Agree.  The four new wells along with the original unit well represent the majority of the reserves in Section 19 produced at depressed prices.

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Permalink Reply by RONNY on June 17, 2016 at 4:34

I would love it if gas was $5.00 but am afraid it could be many years before that happens, if ever.  We simply have too much recoverable gas and keep getting better at producing it. Years from now we may be saying "gosh I wish they'd have drilled these when gas was $2.00"   That being said,  I will gladly accept the checks however small and invest the money in other producing assets with the hope I can reap the benefits before I die. The sections look to have room for one or two more wells alongside these.  The pad Chesapeake built in section 30 is huge, possibly 8 acres, so I speculate they will hit it again sometime in the future. I say "BRING IT"  and I need BHP Billiton to step it up across the highway in section 29.  JMO   Thanks.

Permalink Reply by Skip Peel - Mineral Consultant on June 17, 2016 at 11:35

Now, Paul, post a copy of that $20M horizontal Haynesville AFE.  I'd love to see it.

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