Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on October 4, 2017 at 4:50

Encouraging.  What we would all like to see is Initial Production data (the state performs a flow test in order to establish an allowable for the unit)  and then about six months of production to get a feel for the decline characteristics.  The leasing that EOG has done outside of the unit also helps to bolster the opinion that they think they have an economic well.  However, as a number of long time GHS members will tell you, the Austin Chalk is a challenge, and many have taken up that challenge and lost their shirts.

• ▶ Reply

Permalink Reply by Cindy Mcdade on October 10, 2017 at 6:48

WELL ALLOWABLES UPDATED

EFFECTIVE DATE	END DATE	LUW CODE	LUW TYPE CODE	ALLOWABLE	ESTIMATED POTENTIAL	CURRENT ALLOWABLE TYPE
09/11/2017	09/11/2017			1650	1612	1
09/11/2017	12/31/2017			1120	1120	1
08/27/2017	09/10/2017			2100	2500	1

• ▶ Reply

Permalink Reply by Cindy Mcdade on October 11, 2017 at 4:56

Looking for an explanation on the below regarding Eagles Ranch 14h -1. It appears to eog is having great results with this well.

SCOUT INFO

REPORT DATE.       WELL STATUS 

10/11/2017                      10                          

COMPLETED 9/11/17 AS A OIL WELL IN THE AUSC RB SUB RES;PM F; 1120 BOPD; 1157 MCFD; 1506 CP; 64/64 CK; 2947 BWPD; 1033 GOR; 43 GRVTY;PERFS 16275-20550' (ST: 10)

• ▶ Reply

Permalink Reply by Neil Cary on October 11, 2017 at 16:17

The oil and gas rates are good, not as much as many were hoping for but adequate to pay out the investment and make a good return IF that rate maintains reasonably stable for several months with a slow decline thereafter. As Skip and others have said this is just the initial rate and what really counts is the rate 4-6 months from now. Then we will have a better idea if eog's completion techniques will provide commercial success in Louisiana's Austin Chalk.

• ▶ Reply

Permalink Reply by preston dixon on October 13, 2017 at 4:57

I hear rumors about sentry doing some 3D seismic east of the well close to Avoyelles St. Landry parish line Did anybody else here about this Thanks

• ▶ Reply

Permalink Reply by jack jurgens on October 13, 2017 at 12:02

Go on Sonris and look at well serial #250209. Well completed on 8/27 (I think) they keep changing allowables and potential down. EOG downplaying well's success. JJ

• ▶ Reply

Permalink Reply by Cindy Mcdade on October 17, 2017 at 4:53

I received a notice of intent to conduct a geophysical survey on my land from EOG that will be conducted by Dawson Geophysical, Inc.  Is this something that I should be paid for?  What is the going rate for surveys, if any? Any information is greatly appreciated.

• ▶ Reply

Permalink Reply by John Matherne on October 17, 2017 at 6:37

Do you have a lease on this property with EOG? It may be covered to be included in your lease Paid Up term.

If not seems reasonable to request payment for access for a survey. In the long run if they find what they are looking for they will be offering a lease.

• ▶ Reply

Permalink Reply by Cindy Mcdade on October 17, 2017 at 7:24

Yes.  I will look to see if it is covered in the lease.  Thank you for your response.

• ▶ Reply

Permalink Reply by John M Santamaria on October 17, 2017 at 7:37

The EOG paperwork says that they have the right to do work on your property with no further payment because it is part of the lease terms.  They don't pay a lot anyway fi they were to have to pay. To me it's much better that they are interested since it could lead to bigger things.

• ▶ Reply

Permalink Reply by Cindy Mcdade on October 17, 2017 at 8:48

Thank you for your response.  It is written in the lease terms.

• ▶ Reply

Permalink Reply by Neil Cary on October 17, 2017 at 12:37

They don't have to pay to perform the work, but they are obligated to compensate for any surface damage that they do.  If the land is farmed and they destroy or prevent part of the crop, then they will pay reasonable compensation.  But the equipment and methods used in modern seismic doesn't have as large of a footprint as in the old days, so they really don't have that much crop or surface damage.  They will drill holes to accept the charges and once the work is done they will (should) plug the holes and return the land to as before.  The crews are generally pretty good, but if they damage any fences or other surface property they are obligated to repair.

• ▶ Reply

• ‹ Previous
• 1
• 2
• 3
• 4
• 5
• 6
• …
• 28
• Next ›
• Page