Blackstone in Discussion to Buy Shell's Haynesville JV Position - GoHaynesvilleShale.com2024-03-28T09:11:54Zhttps://gohaynesvilleshale.com/forum/topics/blackstone-in-discussion-to-buy-shell-s-haynesville-jv-position?commentId=2117179%3AComment%3A3373221&feed=yes&xn_auth=noShell told us the same thing…tag:gohaynesvilleshale.com,2014-11-11:2117179:Comment:34247002014-11-11T14:00:18.533Zhustonhttps://gohaynesvilleshale.com/profile/hustonable
<p>Shell told us the same thing about a well coming back online in 6 months. That was 18 months ago....</p>
<p>Shell told us the same thing about a well coming back online in 6 months. That was 18 months ago....</p> A prolong period of non-opera…tag:gohaynesvilleshale.com,2014-11-10:2117179:Comment:34241442014-11-10T22:25:04.191ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>A prolong period of non-operation could void your lease depending on the language. It is likely yours is not the only well getting a work over. They all require it from time to time. By paying a 6 month shut in period they ensure they have time in the schedule for your well to be worked.</p>
<p>A prolong period of non-operation could void your lease depending on the language. It is likely yours is not the only well getting a work over. They all require it from time to time. By paying a 6 month shut in period they ensure they have time in the schedule for your well to be worked.</p> Spoke to Shell this morning.…tag:gohaynesvilleshale.com,2014-11-10:2117179:Comment:34242192014-11-10T21:08:26.540ZVSC DeSoto Southhttps://gohaynesvilleshale.com/profile/ValerieS
<p>Spoke to Shell this morning. The person said its just a coincidence it is being shut in now. That they have all intention of bringing it back online within 6 months. The reason for the shut in was it was not producing at an acceptable level and they are 'performing operations' to bring it back online. Something about mechanical problems in the hole? They also confirmed it was not a mistake and that each owner directly received compensation.</p>
<p>So I guess we just wait now.</p>
<p>I find…</p>
<p>Spoke to Shell this morning. The person said its just a coincidence it is being shut in now. That they have all intention of bringing it back online within 6 months. The reason for the shut in was it was not producing at an acceptable level and they are 'performing operations' to bring it back online. Something about mechanical problems in the hole? They also confirmed it was not a mistake and that each owner directly received compensation.</p>
<p>So I guess we just wait now.</p>
<p>I find it odd that they would shut it in if they thought it would be out of service for 6 months or less considering they had to pay us for the shut in. Think they were giving me a line by telling me it would be back up in 6 months? What would be the motive to tell me that if the intention was not to get this thing back up and running? </p> Shell sold to Blackstone. Vi…tag:gohaynesvilleshale.com,2014-11-10:2117179:Comment:34238282014-11-10T13:53:12.822ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Shell sold to Blackstone. Vine is the operating company formed by Blackstone to manage the existing wells and to hopefully drill many more. I've never seen a change of ownership that required a well to be shut in. I'm not sure but I suspect from description that the shut in payment is a mistake. Call or email Encana customer service.</p>
<p>Shell sold to Blackstone. Vine is the operating company formed by Blackstone to manage the existing wells and to hopefully drill many more. I've never seen a change of ownership that required a well to be shut in. I'm not sure but I suspect from description that the shut in payment is a mistake. Call or email Encana customer service.</p> I received a shut in notice.…tag:gohaynesvilleshale.com,2014-11-10:2117179:Comment:34237982014-11-10T03:50:00.053ZVSC DeSoto Southhttps://gohaynesvilleshale.com/profile/ValerieS
<p>I received a shut in notice. Is the shut in notice because Shell must stop the well flow in order for there to be a hard break for transfer of ownership or does this mean they are simply shutting the well for good and Vine will not open it back up? The well was a Shell/EnCana joint venture, Shell sold to Vine.</p>
<p>I also found it interesting Shell sent a check for the shut in for what I think is the full number of family owned acres, not just my portion. If that's the case, is this…</p>
<p>I received a shut in notice. Is the shut in notice because Shell must stop the well flow in order for there to be a hard break for transfer of ownership or does this mean they are simply shutting the well for good and Vine will not open it back up? The well was a Shell/EnCana joint venture, Shell sold to Vine.</p>
<p>I also found it interesting Shell sent a check for the shut in for what I think is the full number of family owned acres, not just my portion. If that's the case, is this normal, why wouldn't they divide the shut in amount between all of the owners as they have for monthly royalty checks? I am assuming I can send the check back to them and ask them to send each owner their share?</p> As to more drilling, it's har…tag:gohaynesvilleshale.com,2014-08-26:2117179:Comment:33734692014-08-26T01:34:50.726ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>As to more drilling, it's hard to say. I would have guessed not. That Blackstone would sit on the SWEPI wells, having Vine operate them, and hold in anticipation of improved NG prices in the near future. Since a new well permit has shown up for SWEPI since the sale was announced that may indicate that Vine will continue some level of drilling new wells. If there are other Encana hires who are experienced in drilling wells there may be a plan to maintain cash flow by occasionally drilling…</p>
<p>As to more drilling, it's hard to say. I would have guessed not. That Blackstone would sit on the SWEPI wells, having Vine operate them, and hold in anticipation of improved NG prices in the near future. Since a new well permit has shown up for SWEPI since the sale was announced that may indicate that Vine will continue some level of drilling new wells. If there are other Encana hires who are experienced in drilling wells there may be a plan to maintain cash flow by occasionally drilling a new well. The terms of your lease are equally binding on Blackstone/Vine as they were with SWEPI. If some additional new well permits show up soon that could indicate that there will be at least one rig running in the LA Haynesville with Vine as operator. If that's the case expect that rig to be employed in pad drilling multiple alternate unit HC (Horizontal Cross Unit) wells.</p> Is it likely that there will…tag:gohaynesvilleshale.com,2014-08-26:2117179:Comment:33732212014-08-26T01:24:39.934ZVSC DeSoto Southhttps://gohaynesvilleshale.com/profile/ValerieS
<p>Is it likely that there will be more activity in the units that are part of the sale? Is Vine more likely to develop the units out more aggressively than RDS did? Is Blackstone's track record to move more quickly? Is the sluggish development due to NG price, I am guessing it is? Is there any advantage to the landowner if the lease is with Vine vs. RDS? It appears Vine is run by former Encana employees, would this mean Encana will retain it's stake or sell theirs to Vine also?</p>
<p>Note:…</p>
<p>Is it likely that there will be more activity in the units that are part of the sale? Is Vine more likely to develop the units out more aggressively than RDS did? Is Blackstone's track record to move more quickly? Is the sluggish development due to NG price, I am guessing it is? Is there any advantage to the landowner if the lease is with Vine vs. RDS? It appears Vine is run by former Encana employees, would this mean Encana will retain it's stake or sell theirs to Vine also?</p>
<p>Note: Received a letter today to assign the lease to Vine.</p> TC
I know Shale NG is expens…tag:gohaynesvilleshale.com,2014-08-14:2117179:Comment:33660692014-08-14T20:34:20.417ZNixon Dowhttps://gohaynesvilleshale.com/profile/NixonDow
<p>TC </p>
<p>I know Shale NG is expensive, I don't think I have every said otherwise. The point I was making is that there are assumptions that Shale production around the world will take off like it did in the US. Remember it wasn't to long ago that US was expecting to become a NG importer (Chenier plant was actually suppose to be a LNG import facility). Then we had the big shale development and we are now we are on the other side of the NG market. </p>
<p>TC </p>
<p>I know Shale NG is expensive, I don't think I have every said otherwise. The point I was making is that there are assumptions that Shale production around the world will take off like it did in the US. Remember it wasn't to long ago that US was expecting to become a NG importer (Chenier plant was actually suppose to be a LNG import facility). Then we had the big shale development and we are now we are on the other side of the NG market. </p> skip, good point inre: who'll…tag:gohaynesvilleshale.com,2014-08-14:2117179:Comment:33659652014-08-14T16:06:36.975Zjim weylandhttps://gohaynesvilleshale.com/profile/jimweyland
<p>skip, good point inre: who'll they get to operate the haynesville wells.</p>
<p>imo, the real eyeopener here is the price ultra paid for shell's pinedale interests, close to a billion in cash and all of their good utica and marcellus acreage. upl sure doesn't have that much cash on hand.</p>
<p>skip, good point inre: who'll they get to operate the haynesville wells.</p>
<p>imo, the real eyeopener here is the price ultra paid for shell's pinedale interests, close to a billion in cash and all of their good utica and marcellus acreage. upl sure doesn't have that much cash on hand.</p> That does add some clarity to…tag:gohaynesvilleshale.com,2014-08-14:2117179:Comment:33658962014-08-14T16:00:02.109ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>That does add some clarity to the deal, jim. Blackstone/Vine will need someone to operate their 193 HA wells. And considering the number of producing wells to net acreage I'd say Blackstone doesn't need to drill any new wells for sometime if they would care to sit on them.</p>
<p>That does add some clarity to the deal, jim. Blackstone/Vine will need someone to operate their 193 HA wells. And considering the number of producing wells to net acreage I'd say Blackstone doesn't need to drill any new wells for sometime if they would care to sit on them.</p>