Received a Division Order from Geosouthern-as a new purchaser. I thought they bought out Cheasapeake a long time ago. Does this mean there will be new drilling?

Views: 462

Reply to This

Replies to This Discussion

GEP Haynesville was a joint venture formed by GeoSouthern Energy Corp. and GSO Capital Partners LP in 2015.  GSO was the money partner, GeoSouthern the operating partner.  Private equity GSO, like all PE companies that invest in E&P companies, like to make a relatively short term investment and then look to make an exit with a profit.  This has happened numerous times over the history of the Haynesville Shale.  When GSO sold its Haynesville stake to Southwestern (SWN), GeoSouthern Energy became the operating partner for the South Mansfield Haynesville units acquired by Williams Companies from Chesapeake in a settlement tied to the CHK bankruptcy and lawsuit.  Williams is a huge pipeline company but is not usually an E&P company so it made sense to partner with an experienced Haynesville operator to manage drilling and production of those units.  Without further information such as your section-township-range location, it is impossible to provide an opinion as to whether this may mean new drilling for you.

Since GeoSouthern could no longer use GEP Haynesville for the operating entity"s name, they did the next best thing.  Thus, GEPH II.

Yes, please see what you can find out. Many thanks!

lGEP. Hays 14-10-12 H-1 API #17-031-25146-00-00

GEPH II completed two HC wells for sections 14&23&26 recently.  Reported complete March 10.  The initial production data looks good but there are few reports in the database currently.  Those will come along soon.  Since this is such a recent completion, it could be six or so months before any of the lessors in those three sections begin to receive royalty revenue.  Congratulations on your new wells.  This however could mean it will be a while before anymore wells are drilled.

Use these links to view the well files.

https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo...

https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo...

Thank you so very much-we will wait it out.
Your input is always appreciated.

You're welcome.  Good luck on your wells.

RSS

Support GoHaynesvilleShale.com

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service