Replies to This Discussion

Permalink Reply by Mister Sunday on October 21, 2018 at 16:08

Also, Rock Man, it seems like I remember some research done by UT about the life of the wells in this area. Seems like I remember reading fifteen years to a frac and up to eight fracs per well.  I'm sure there is a massive amount of science in that but quite a bit of speculation as well.  Can you comment as to that study or even just those numbers?

Permalink Reply by Rock Man on October 21, 2018 at 16:17

Not sure that I understand your question - are you talking about "re fracs"? If so, that has become an accepted approach to get more gas out of a well. But I have not seen or heard of more than a single re frac being done on a lateral.

Your comments "fifteen years to a frac" has me puzzled.

As to fracs per well / Lateral, spacing on frac jobs has gotten tighter and tighter over time. Right now it is common to have a frac every 200' of lateral but I have seen frac spacing as tight as 150' apart. When you are dealing with 5000-6000' or longer laterals, that is a lot of frac jobs.

I am not familiar with the UT study but I will say that there is a TON of studies being done in universities, government agencies (e.g. Tx BEG) and within operating companies and their research centers that deal with frac optimization. And every company is studying what other companies are doing to achieve "best practices".

Permalink Reply by Mister Sunday on October 21, 2018 at 16:21

Yes, I was speaking of re-fracs. With a frac lasting fifteen years before a re-frac was needed and up to eight fracs, or the initial frac with seven re-fracs each with the fifteen years between them.  I hope I explained myself well enough.  Maybe I misread the information.  I have no clue as to how the life of these wells go.

Permalink Reply by Rock Man on October 21, 2018 at 16:33

OK - makes sense now. The recent set of re fracs in the Haynesville has been on wells that are less than 10 years old. And no wells with more than a single re frac.

Theoretically, I guess you could do multiple re frac's on a single lateral. Just comes down to economics. It is all about tapping unproduced gas in the matrix reservoir that was not "accessed" by initial stimulated rock volumes.

Permalink Reply by Mister Sunday on October 21, 2018 at 17:22

Thanks for clarifying that. I'll refrain from making myself look like an idiot from now on by not repeating that misinformation.

Permalink Reply by Chloe on October 21, 2018 at 20:53

I appreciate Mister Sunday's questions.  I have no clue about  most of the information yall speak about.  Hopefully in time, I will be able to study and learn these things.  I was able to search the RR, etc... but the terms about drilling, pads, wellbore, frac and re frac, owners etc... I simply have not had time to learn.     Thanks all !

I'm not selling my mineral rights until I get $1. Mil offered. Then that is questionable on what is going on at that time. I was advised by someone that knows more than me, lol    peace all!    :-)

Permalink Reply by Mister Sunday on October 22, 2018 at 1:25

Maybe our numbers aren't quite the same, but something was said to me that stuck, and that was,"I wouldn't think about selling those minerals until it was the kind of money I could retire off of.". I doubt I'll ever see it, but I'm here to tell you that number for me is $2 million in the bank. By the way, I think I'm going to play the Mega-Millions Lotto (I think I have a better chance of that happening!).

Permalink Reply by Rock Man on October 22, 2018 at 6:01

Side note on selling minerals - make sure you understand the tax ramifications of selling them before pulling the trigger.

Permalink Reply by Mister Sunday on October 22, 2018 at 9:05

I imagine it's a capital gains tax.

Permalink Reply by Skip Peel - Mineral Consultant on October 22, 2018 at 9:33

If the asset has been owned for longer than 365 days, the federal tax would be long term capital gains.

Permalink Reply by Rock Man on October 22, 2018 at 10:01

Thanks. Always good to keep that in mind as to issues like this.

Permalink Reply by Mister Sunday on October 22, 2018 at 11:53

These people better get with the program. Low-ball offer!

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