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Permalink Reply by Bobi Carr ("parker") on February 7, 2013 at 1:39

It looks like they get better results than JW.

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Permalink Reply by Bobi Carr ("parker") on February 7, 2013 at 4:30

There is liquid production in the CV in the Elm Grove field.  As I recall, Anadarko has a little pocket of liquids in their Texas Haynesville wells. 

At least their results on future wells should be better than 'ole JW.

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Permalink Reply by Dion Warr, CPL on February 11, 2013 at 5:47

Parker:

They were JV partners with J-W in (at least portions of) Elm Grove.  I think 60/40 (J-W), from what I remember.  APC acquired Kerr-McGee's interest by merger.  As a JV partner, they would generally have rights to take over wells that J-W would consider abandoning as well as the ability to cross-assign interests within the area.

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Permalink Reply by Two Dogs, Pirate on February 11, 2013 at 14:41

About 12 or 13 years ago I worked a DD project where BELCO bought a 40 or 50 million interest from JW in Elm Grove. If I remember correctly this may have went to Kerr-McGee?

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Permalink Reply by Bobi Carr ("parker") on February 11, 2013 at 15:33

So, do you think Anadarko purchased it from BELCO?

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Permalink Reply by Two Dogs, Pirate on February 12, 2013 at 6:35

I think BELCO merged into Kerr-McGee.

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Permalink Reply by GoshDarn on February 11, 2013 at 20:48

Parker:

Yes, Anadarko/Kerr-McGee did take over a number of super shale wells from J-W in several sections in the EGF in Bossier P.  And from what I know about the transfer, J-W kept the rights to the old shallower verts (which they have many of) in those sections (and so J-W is still producing, paying the royalties on those) . . . whereas the guys from the Woodlands took over the deep rights and are paying the royalties on the HA shale wells.  In other words,  J-W held on to the shallow rights, and the big guys bought the deep rights.  That was my take on it (but I could be I'm wrong, i.e., maybe it was a JV).

Also, don't know for sure, but I suspect J-W needed the cash from the sale (back when NG was hitting those deep pricing lows).  At least, that's what it appeared to me at the time.

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