All of the large acreage landowners surrounding a small (150 acre) local subdivision in north central West Feliciana Parish have been leased since before Christmas to as recently as week before last. A few small acreage landowners in the 150 acre subdivision also recently leased with EOG ( within last 3 weeks) and several had appointments to sign leases. Suddenly about 2 weeks ago the subdivision acreage holders whose lease signing appointments were pending were called by the leasing agent who cancelled these lease signing appointments and no one has heard from them since. The reason given was that EOG was reassessing the boundaries? Surely, the geology hasn't changed and at least 2 pending leases of large acreage owners in the vicinity of the subdivision were finalized after the smaller acreage appointments were cancelled.
The landowners who did execute lease are now wondering whether their bonus checks are going to arrive.
Why cancel pending lease signings on acreage in the dead center of an already large leased acreage block with the excuse of boundary reevaluation? I could understand if the subdivision was located on the edge of the previously leased acreage block, but not in the middle of it. All the surrounding acreage is either leased by EOG or Conoco Phillips at rates from $600 to $1300 per acre bonus and 20% royalty. Most recently(in the past 2 weeks) $900 per acre - both small and large landowners getting the same deal. The subdivision appears located in the proximity of the boundary between acreage leased by Conoco Phillips on the south side and EOG on the north side.
Anyone care to speculate on what's going on?
Thanks, Steve. I'll post the applications when they are entered in the database.
They are 1800 to 2000 acre units. That tells me they are long lateral wells. Probably 8,000 to 10,000 ft.
Jay, this looks like a 3rd. unit they are applying for. The other two are South and West of this one. This appears to be up near the MS line. The other 2 units have wells staked. And the units are in both EF and WF. So they are along the parish line. This one is not. Still, I think these are long lateral wells.
Joe, Can you help me and mention a town or community that this is close too. What parish line are you referring too, the East & West Fleciana or East Baton Rouge & West Feliciana. To me it looks like it is taking in some or part of Jackson, McManus, Ethel
Thanks, John EBR
AUS C RA SUA, Northwest Jackson Field, is located on Hwy. 421 approximately 3.25 miles north of the Hwy. 421/Hwy. 10 intersection on the western side of the town of Jackson.
Thanks Skip, that is very clear. Can you give me an about location of the two that Joe mention that have been staked.
No. I'll post the applications when they are available in the database. The applications will include a plat that will make clear the locations.
Thanks, and those postings will be appreciated when you do them at that time.
They are North of the Thompson Creek bride on Hwy 61. They straddle the EF and WF parish line. There is no town near. The only thing near is the Bluffs Golf Course and Development.
Joe, got unit designations and field name(s)?