Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on April 16, 2018 at 11:15

There are no well permits with Section 5 as a surface location at this time.  That's not unusual as surface locations are often prepared in advance  of well permits being issued.

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Permalink Reply by MGB on April 16, 2018 at 11:19

Thanks Skip.  Any recent lease offers in our area that you know of?

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Permalink Reply by Skip Peel - Mineral Consultant on April 16, 2018 at 12:00

Haven't hear of any leasing in that immediate area.  Most of those sections have existing production so they are leased.

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Permalink Reply by Thomas Maglone on April 17, 2018 at 1:18

What town is this close to.

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Permalink Reply by Skip Peel - Mineral Consultant on April 17, 2018 at 1:24

Between Scopena and Caplis.

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Permalink Reply by Thomas Maglone on April 17, 2018 at 2:02

Texas?

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Permalink Reply by Skip Peel - Mineral Consultant on April 17, 2018 at 2:02

Louisiana.

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Permalink Reply by MGB on April 18, 2018 at 2:25

What is the going price range for water access being paid by drilling / production companies?

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Permalink Reply by Hydrocarbonite on April 18, 2018 at 3:03

From Hilcorp field operator ,  obtaining water from local farmer water well.

$1/bbl of water loaded on transport trucks.  May sound cheap but they drilling on farmers property ,  I guess all is relative!

Hope that helps MGB.....

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Permalink Reply by CG on April 18, 2018 at 3:25

$1/bbl is very high. Not the going rate in the field.

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Permalink Reply by MGB on April 18, 2018 at 3:27

CG, if $1 is high, what is a fair pricing range for pumped water?

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Permalink Reply by Spring Branch,mineral owner on April 18, 2018 at 10:06

Priced at $.30 per barrel you may not sell much water!  My opinion is $.25 barrel is the going price.  At $1.00 per barrel you will sell zero H2O.

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