Anyone local to the Avoyelles area hearing anything about the Eagles Ranch Well? It appears that they recently finished drilling well and should be moving frac crews on location soon.

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Encouraging.  What we would all like to see is Initial Production data (the state performs a flow test in order to establish an allowable for the unit)  and then about six months of production to get a feel for the decline characteristics.  The leasing that EOG has done outside of the unit also helps to bolster the opinion that they think they have an economic well.  However, as a number of long time GHS members will tell you, the Austin Chalk is a challenge, and many have taken up that challenge and lost their shirts.

WELL ALLOWABLES UPDATED

EFFECTIVE DATE END DATE LUW CODE LUW TYPE CODE ALLOWABLE ESTIMATED POTENTIAL CURRENT ALLOWABLE TYPE
09/11/2017 09/11/2017 1650 1612 1
09/11/2017 12/31/2017 1120 1120 1
08/27/2017 09/10/2017 2100 2500

1

Looking for an explanation on the below regarding Eagles Ranch 14h -1. It appears to eog is having great results with this well.

SCOUT INFO

REPORT DATE.       WELL STATUS 

10/11/2017                      10                          

COMPLETED 9/11/17 AS A OIL WELL IN THE AUSC RB SUB RES;PM F; 1120 BOPD; 1157 MCFD; 1506 CP; 64/64 CK; 2947 BWPD; 1033 GOR; 43 GRVTY;PERFS 16275-20550' (ST: 10)

The oil and gas rates are good, not as much as many were hoping for but adequate to pay out the investment and make a good return IF that rate maintains reasonably stable for several months with a slow decline thereafter. As Skip and others have said this is just the initial rate and what really counts is the rate 4-6 months from now. Then we will have a better idea if eog's completion techniques will provide commercial success in Louisiana's Austin Chalk.
I hear rumors about sentry doing some 3D seismic east of the well close to Avoyelles St. Landry parish line Did anybody else here about this Thanks
Go on Sonris and look at well serial #250209. Well completed on 8/27 (I think) they keep changing allowables and potential down. EOG downplaying well's success. JJ

I received a notice of intent to conduct a geophysical survey on my land from EOG that will be conducted by Dawson Geophysical, Inc.  Is this something that I should be paid for?  What is the going rate for surveys, if any? Any information is greatly appreciated.

Do you have a lease on this property with EOG? It may be covered to be included in your lease Paid Up term.

If not seems reasonable to request payment for access for a survey. In the long run if they find what they are looking for they will be offering a lease.

Yes.  I will look to see if it is covered in the lease.  Thank you for your response.

The EOG paperwork says that they have the right to do work on your property with no further payment because it is part of the lease terms.  They don't pay a lot anyway fi they were to have to pay. To me it's much better that they are interested since it could lead to bigger things.

Thank you for your response.  It is written in the lease terms.

They don't have to pay to perform the work, but they are obligated to compensate for any surface damage that they do.  If the land is farmed and they destroy or prevent part of the crop, then they will pay reasonable compensation.  But the equipment and methods used in modern seismic doesn't have as large of a footprint as in the old days, so they really don't have that much crop or surface damage.  They will drill holes to accept the charges and once the work is done they will (should) plug the holes and return the land to as before.  The crews are generally pretty good, but if they damage any fences or other surface property they are obligated to repair.

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