Replies to This Discussion

Permalink Reply by Emerald Coast on May 20, 2011 at 9:59

Yeah!:)

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Permalink Reply by little ole 1st grade teacher on May 21, 2011 at 3:38

Don't spend your money too soon. 

Seems as though every time a new Play is found, its is the "Largest", "Most Productive",  and it is going to take over everything.  Funny thing is, or I should say the SAD thing is, everyone gets ALL EXCITED and then, everything STOPS!!!!

I have a feeling that the Haynesville Shale Play was hyped up so much that a lot of mineral owners in Louisiana and Texas may have thought they were sitting on a GOLD MINE and got themselves in trouble financially.  Hopefully,  production will pick-up on all these plays and get the United States off its dependence on foreign oil and natural gas. 

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Permalink Reply by Checkmateking on May 21, 2011 at 4:34

This play is not comparable to the Haynesville or any other dry gas shales, this is a liquids field.

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Permalink Reply by Lrb2brnot2b on May 21, 2011 at 5:21

The more oil the better.  Some of the predictions indicate both oil and gas.  Maybe that it would be more costly to produce.  what are your thoughts?

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Permalink Reply by Tommyboy on May 25, 2011 at 9:00

Bingo.

 

No only is this a liquids play but the drillers are aiming for the oil first, liquids second and gas well they would be happy to flare it and just stick to the liquids.

 

Barnett is going down because it is old and the other plays are more productive for the money.

 

Haynesville is fine if you had more demand for gas but the fact is gas demand isn't going up because the economy is still down....  The sad fact is the US is flooded with gas which means the price of gas is down.  Only where the liquids are rich will people be willing to drill (unless they have to for contractual reasons).... That doesn't make most in Haynesville happy but that is the fact of the matter. 

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Permalink Reply by JHH on May 21, 2011 at 7:09

I'm very thankful for all that has been produced over here in East Texas.  And grateful i didn't spend it all and saved a lot.  Many of us didn't get the enormous lease bonus money they got in Louisiana.  But production has been steady and sure.  Plus... much of our minerals are free and clear now because we never got drilled.  Eventually things will come back... if our politicians ever determine an energy policy.  Maybe we could start the "Get The Hell Out of The Way" party?  jhh

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Permalink Reply by little ole 1st grade teacher on May 22, 2011 at 4:41

Amen to Your "Get.................." Party.   Something needs to be done.....or we're never going to get off Foreign Oil and Natural Gas.

Do you want to be President of this Party that we could form???? LOL

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Permalink Reply by Les Bamburg on May 21, 2011 at 6:04

JHH, that is likely true on a BOE (barrels oil equivalent) basis because the field will eventually produce a large amount of oil & condensate in addition to natural gas.  It also likely has the largest current rig count of any play.

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Permalink Reply by Lrb2brnot2b on May 21, 2011 at 6:26

Les,  Keith might want to one day change GHS and sub-title it Go Eagle Ford.  I'm just saying, you Know , before some else jumps on the idea.

Have a good day,

"The Buzz"  

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Permalink Reply by Headly on May 21, 2011 at 8:17

Is there any of the Eagle Ford formation in East Texas?

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Permalink Reply by JHH on May 21, 2011 at 8:41

Not sure.  I keep hearing the Eagle Ford is the source rock for what we have up here.

 

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Permalink Reply by Two Dogs, Pirate on May 21, 2011 at 8:52

Look at the map of the Tuscaloosa Marine Shale when the formation gets to East Texas and Louisiana some call it the TMS while others call in the Eagle Ford. It will be above the Haynesville Shale where it exists.

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