Aethon/Black Stone Development Agreement In Angelina - GoHaynesvilleShale.com2024-03-28T17:35:10Zhttps://gohaynesvilleshale.com/forum/topics/aethon-black-stone-development-agreement-in-angelina?commentId=2117179%3AComment%3A3905599&x=1&feed=yes&xn_auth=noThere are a number of potenti…tag:gohaynesvilleshale.com,2020-07-02:2117179:Comment:39129622020-07-02T02:03:07.831ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>There are a number of potential reasons for companies to drill wells besides commodity price and economic and political pressures. The article is clear that there is a "drilling commitment" as part of the deal.</p>
<p><strong><em>The agreement calls for a minimum of four wells to be drilled in the initial program year, which begins in the third quarter of 2020, increasing to a minimum of 15 wells per year beginning with the third program year.</em></strong></p>
<p>Black Stone knows full…</p>
<p>There are a number of potential reasons for companies to drill wells besides commodity price and economic and political pressures. The article is clear that there is a "drilling commitment" as part of the deal.</p>
<p><strong><em>The agreement calls for a minimum of four wells to be drilled in the initial program year, which begins in the third quarter of 2020, increasing to a minimum of 15 wells per year beginning with the third program year.</em></strong></p>
<p>Black Stone knows full well that natural gas prices will be depressed for the foreseeable future and they have reasons to continue development. Only the company knows but some of the usual reasons are cash flow to cover overhead, debt service and un-drilled leasehold that must be developed to hold the leases in force before the lease term expires. I suspect that Aethon can get out of the deal by paying a penalty but Black Stone would just sign up another operator to take their place.</p> You might be looking at the b…tag:gohaynesvilleshale.com,2020-07-02:2117179:Comment:39126552020-07-02T01:54:06.988ZRichard David Otleyhttps://gohaynesvilleshale.com/profile/RichardDavidOtley
<p>You might be looking at the begining of the downward trend. The political and economic pressures have yet to really shift into gear. That is something Fed funny money cannot counter. We are not talking DJIA here; it is demand for a commodity</p>
<p>You might be looking at the begining of the downward trend. The political and economic pressures have yet to really shift into gear. That is something Fed funny money cannot counter. We are not talking DJIA here; it is demand for a commodity</p> There are many reasons for co…tag:gohaynesvilleshale.com,2020-06-30:2117179:Comment:39125072020-06-30T01:04:41.455ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>There are many reasons for continuing development besides the current price.</p>
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<p>There are many reasons for continuing development besides the current price.</p>
<p></p> I respect your opinion. Not s…tag:gohaynesvilleshale.com,2020-06-30:2117179:Comment:39123942020-06-30T01:03:00.986ZEastTexasFarmerhttps://gohaynesvilleshale.com/profile/EastTexasFarmer
<p>I respect your opinion. Not sure what project you are referencing - Aethon's Haynesville development effort with Black Stone Minerals or BPX's future infill drilling effort on their existing units? I can tell you that a Survey Crew was working today along FM 842 (specific to new gathering pipeline interconnection) and that the CJ Express Pipeline Group (Midcoast Energy) has just purchased pipeline compression equipment for a new 36 inch pipeline to transport dry gas from San Augustine County…</p>
<p>I respect your opinion. Not sure what project you are referencing - Aethon's Haynesville development effort with Black Stone Minerals or BPX's future infill drilling effort on their existing units? I can tell you that a Survey Crew was working today along FM 842 (specific to new gathering pipeline interconnection) and that the CJ Express Pipeline Group (Midcoast Energy) has just purchased pipeline compression equipment for a new 36 inch pipeline to transport dry gas from San Augustine County (and other Shelby Trough Counties including Angelina) to the Gulf Coast. So maybe more drilling will happen. I personally think with the Chesapeake Energy bankruptcy, we're currently at the bottom of the pricing cycle. My opinion of course.</p>
<p></p> With the direction gas prices…tag:gohaynesvilleshale.com,2020-06-29:2117179:Comment:39124742020-06-29T13:36:29.539Zleehttps://gohaynesvilleshale.com/profile/lee46
<p>With the direction gas prices are heading this project will never happen.</p>
<p>With the direction gas prices are heading this project will never happen.</p> Sorry - reference left hand b…tag:gohaynesvilleshale.com,2020-06-29:2117179:Comment:39123602020-06-29T03:01:04.477ZEastTexasFarmerhttps://gohaynesvilleshale.com/profile/EastTexasFarmer
<p>Sorry - reference left hand box for your starting point (of the Lacyville Area of Mutual Interest, or AMI). Getting dyslexic in my old age.</p>
<p>Sorry - reference left hand box for your starting point (of the Lacyville Area of Mutual Interest, or AMI). Getting dyslexic in my old age.</p> SH, I collected this rough gr…tag:gohaynesvilleshale.com,2020-06-29:2117179:Comment:39122132020-06-29T01:43:42.469ZEastTexasFarmerhttps://gohaynesvilleshale.com/profile/EastTexasFarmer
<p>SH, I collected this rough graphic from one of Black Stone's JV Agreements. It shows the original Lacyville field boundary although some adjustments have been made. You will need to do your best guess to match up the surveys (using the TX RRC GIS). The right hand "box" is an area between FM 842 / Jack Nerren Road and HW 103E. That should give you a starting point.…</p>
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<p>SH, I collected this rough graphic from one of Black Stone's JV Agreements. It shows the original Lacyville field boundary although some adjustments have been made. You will need to do your best guess to match up the surveys (using the TX RRC GIS). The right hand "box" is an area between FM 842 / Jack Nerren Road and HW 103E. That should give you a starting point.</p>
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/6417823286?profile=original" target="_blank" rel="noopener">Lacyville AMI.JPG</a></p> Thank you for the link. I di…tag:gohaynesvilleshale.com,2020-06-19:2117179:Comment:39110242020-06-19T15:00:57.395ZSod Holderhttps://gohaynesvilleshale.com/profile/SodHolder
<p>Thank you for the link. I did find out that the Lacyville office of BP just moved and is still in the same area, just off of the main highway. </p>
<p>Thank you for the link. I did find out that the Lacyville office of BP just moved and is still in the same area, just off of the main highway. </p> https://www.hartenergy.com/ex…tag:gohaynesvilleshale.com,2020-06-19:2117179:Comment:39110872020-06-19T03:00:11.004ZChloehttps://gohaynesvilleshale.com/profile/Chloe724
<p><a href="https://www.hartenergy.com/exclusives/black-stone-minerals-xto-energy-reach-shelby-trough-development-agreement-188101" target="_blank" rel="noopener">https://www.hartenergy.com/exclusives/black-stone-minerals-xto-energy-reach-shelby-trough-development-agreement-188101</a></p>
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<p><a href="https://www.hartenergy.com/exclusives/black-stone-minerals-xto-energy-reach-shelby-trough-development-agreement-188101" target="_blank" rel="noopener">https://www.hartenergy.com/exclusives/black-stone-minerals-xto-energy-reach-shelby-trough-development-agreement-188101</a></p>
<p></p> I drove down 103 East today a…tag:gohaynesvilleshale.com,2020-06-16:2117179:Comment:39105512020-06-16T23:12:47.333ZSod Holderhttps://gohaynesvilleshale.com/profile/SodHolder
<p>I drove down 103 East today and noticed that the BP Lacyville office has been moved and all trucks and equipment are gone from the lot they were in. My question is, which part of Angelina County is the Lacyville field that you speak of? I am part of a well that BP had started before the gas prices took a dump and am wondering since they have the pad and started the drilling will BP keep our area? It is the Vulcanadon well that they filed back in 2018, so I am not sure how long the permit…</p>
<p>I drove down 103 East today and noticed that the BP Lacyville office has been moved and all trucks and equipment are gone from the lot they were in. My question is, which part of Angelina County is the Lacyville field that you speak of? I am part of a well that BP had started before the gas prices took a dump and am wondering since they have the pad and started the drilling will BP keep our area? It is the Vulcanadon well that they filed back in 2018, so I am not sure how long the permit is for.</p>