Aethon/Black Stone Development Agreement In Angelina - GoHaynesvilleShale.com2024-03-28T22:50:35Zhttps://gohaynesvilleshale.com/forum/topics/aethon-black-stone-development-agreement-in-angelina?groupUrl=angelinacounty&feed=yes&xn_auth=noThanks for posting this. Ther…tag:gohaynesvilleshale.com,2020-08-06:2117179:Comment:39179542020-08-06T17:46:07.764ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Thanks for posting this. There are a select number of "gas players" who have a master plan to keep developing this area and set of assets. My biggest concern based on my limited overall knowledge of the local logistics is the pipeline capacity capabilities to take all this gas out of the field and to the end users / buyers.</p>
<p>Some very high volumes will be coming on line - how much will these wells need to be choked back?</p>
<p>The individual gas contracts for these operators are…</p>
<p>Thanks for posting this. There are a select number of "gas players" who have a master plan to keep developing this area and set of assets. My biggest concern based on my limited overall knowledge of the local logistics is the pipeline capacity capabilities to take all this gas out of the field and to the end users / buyers.</p>
<p>Some very high volumes will be coming on line - how much will these wells need to be choked back?</p>
<p>The individual gas contracts for these operators are probably the most important paperwork that they have. I am sure there area some "priorities" listed as to who can produce when there is a conflict.</p> Excerpt Comments from Tom Car…tag:gohaynesvilleshale.com,2020-08-06:2117179:Comment:39178532020-08-06T17:37:19.382ZEastTexasFarmerhttps://gohaynesvilleshale.com/profile/EastTexasFarmer
<p>Excerpt Comments from Tom Carter, CEO Black Stone Minerals, Q2 2020 Earnings Call:</p>
<p><em>While it's been challenging to find many silver linings lately, one of them is a more constructive outlook for natural gas prices with several of our major equity research firms <span style="text-decoration: underline;">calling for gas prices well above the strip for 2021</span>.</em></p>
<p>Follow-on Comment:</p>
<p><em>We (Black Stone Minerals) made significant progress in development activity in…</em></p>
<p>Excerpt Comments from Tom Carter, CEO Black Stone Minerals, Q2 2020 Earnings Call:</p>
<p><em>While it's been challenging to find many silver linings lately, one of them is a more constructive outlook for natural gas prices with several of our major equity research firms <span style="text-decoration: underline;">calling for gas prices well above the strip for 2021</span>.</em></p>
<p>Follow-on Comment:</p>
<p><em>We (Black Stone Minerals) made significant progress in development activity in the Shelby Trough. In May, we signed a new development agreement with Aethon Energy covering the western side of the Shelby Trough (Angelina County). That arrangement is proceeding as planned and <span style="text-decoration: underline;">we expect the first well under the program to be spud in October</span>. Aethon Energy has already devoted considerable land, geology and engineering resources to its development plan for the area.</em></p>
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<p>Overall - Good News for Angelina County. No TXRRC permit filed yet on the Well to be spud in October.</p>
<p></p> Aethon has not yet drilled an…tag:gohaynesvilleshale.com,2020-05-11:2117179:Comment:39053752020-05-11T13:20:59.380Zjffree1https://gohaynesvilleshale.com/profile/jffree1
<p>Aethon has not yet drilled any HA wells in Angelina Co. and they are the <em>only</em> operator still drilling HA in the Shelby Extension. Everything, so far, has been in Nacogdoches Co. (previously Samson Lone Star) or in San Augustine Co. (previously Crimson) with the exception of four wells drilled in Shelby Co. last year. Aethon and Covey Park both appeared on the scene after EnCana closed up in TX so some of their people likely came from EnCana. </p>
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<p>Aethon has not yet drilled any HA wells in Angelina Co. and they are the <em>only</em> operator still drilling HA in the Shelby Extension. Everything, so far, has been in Nacogdoches Co. (previously Samson Lone Star) or in San Augustine Co. (previously Crimson) with the exception of four wells drilled in Shelby Co. last year. Aethon and Covey Park both appeared on the scene after EnCana closed up in TX so some of their people likely came from EnCana. </p>
<p></p> Good question. Julie would b…tag:gohaynesvilleshale.com,2020-05-09:2117179:Comment:39049352020-05-09T02:23:56.273ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Good question. Julie would be the best member to provide an answer. If she doesn't get to it tomorrow, I'll send her a PM.</p>
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<p>Good question. Julie would be the best member to provide an answer. If she doesn't get to it tomorrow, I'll send her a PM.</p>
<p></p> This is great news for those…tag:gohaynesvilleshale.com,2020-05-09:2117179:Comment:39049302020-05-09T02:20:08.765ZSod Holderhttps://gohaynesvilleshale.com/profile/SodHolder
<p>This is great news for those of us in the Angeliina River Trend area. BP had started our well and pulled out, so hoping they get to ours this year. Seems Aethon has the most rigs out drilling in the Haynesville as of this time, so a major player like BP was. And a question for the experts, I was wondering how the wells they have been drilling in Angelina county stack up against the wells they are drilling in Nacogdoches and San Augustine counties? </p>
<p>This is great news for those of us in the Angeliina River Trend area. BP had started our well and pulled out, so hoping they get to ours this year. Seems Aethon has the most rigs out drilling in the Haynesville as of this time, so a major player like BP was. And a question for the experts, I was wondering how the wells they have been drilling in Angelina county stack up against the wells they are drilling in Nacogdoches and San Augustine counties? </p>