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Permalink Reply by DSR on October 10, 2016 at 1:49

In a nutshell, they're looking for evidence of oil and gas. If the evidence is good, they'll be drilling for it. If the evidence is not good, they'll go away. What this means to you depends on whether you own mineral rights. If the seismic survey yields good results, and if you own mineral right that have not been leased, you'll do well to ask a lot of questions. 

The most recent wells drilled in Lincoln parish have been good, but not great. Future wells in the area could be worth the effort and expense, or not. Seismic data will be used to make the decision on where and whether to drill, or not,

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Permalink Reply by Skip Peel - Mineral Consultant on October 10, 2016 at 5:33

FEW, what is your specific location in Lincoln Parish?  If you could provide a section-township-range, it would be helpful for any member wishing to reply.

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Permalink Reply by FEW on October 10, 2016 at 6:53

Skip - yes I own mineral rights that have been leased by MRD. I am in Section 29 township, 18 North Range , & 3 West.

FEW

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Permalink Reply by Skip Peel - Mineral Consultant on October 10, 2016 at 8:47

I think MRD commissioned the seismic shoot as part of their due diligence for expanding their drilling program.  Owing to your location I think that MRD is not necessarily wondering if you have economic hydrocarbons but more interested in planning surface locations and landing depths for wells.  Most of the recent MRD wells are in line with the production of other Terryville Complex wells.  I suspect that the less productive wells that DSR refers to are further east (east side of 18N-3W and further east through 18N-2W).  Those wells produced less gas on average although some were certainly economic even without the liquids produced further to the west.  Since you are on the west side of 18N-3W I think you are in a much better location.

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Permalink Reply by FEW on October 10, 2016 at 13:06

Thank you for your response.

As always, your response is clear and concise, especially for a person like myself who is new to this oil & gas discussion.

FEW

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Permalink Reply by Skip Peel - Mineral Consultant on October 10, 2016 at 13:12

You're welcome.  Good luck on getting wells in the future.  It may take a few more months before we see development activity from Range Resources.

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