EOG Resources to sell 15,000 acres of leases in the Haynesville.
This sale is part of an effort to sell 180,000 total acres of leases in Marcellus, Eagle Ford and Haynesville to divert additional capital to their new liquids plays. In looking at their map of acreage in the Haynesville, I'm guessing the 15,000 acres lies in Panola County.
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Replies to This Discussion
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Permalink Reply by Frank on
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They control units in DeSoto Parish down the Pleasant Hill Highway, LA 175, and I'm in one. I hope CHK is the buyer to simplify things. EOG initial production rates seem to lag.
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Permalink Reply by Checkmateking on
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If they have much in the Pleasant Hill area don't be suprised if Shell picks it up.
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Permalink Reply by Two Dogs, Pirate on -
If I remember correctly EOG was South of Many around the lake. I remember that for the most part I was the lone Landman in Sabine Parish for many months but there were times when EOG people were running title also. Then came Audubon (Encana/SWEPI). They started leasing around Belmont, big tracts, then moving to smaller as is general practice with a concept play. Nothing made since until an assignment was made from Audubon into Encana.
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Permalink Reply by w.r. frank on
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i can't imagine anything worse than going into a unit that is drilled and operated by SWEPI. I am in one unit operated by SWEPI. The well spud in December 2009, reached TD in February 2010 and nothing since. No frac, no perf, no report on Sonris. Look at SWEPI wells! When completed, no pipeline! When completed and turned to sales, worse production results of any large company (I leave out BEUSA and Camterra).
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Permalink Reply by Checkmateking on
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Shell is a million times better than some other small time operators, they are getting in gear. Just give them some time, I can't think of anyone who has more technical expertise and money than Shell.
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Permalink Reply by w.r. frank on
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Yeah, they are really great!! Here is just a partial list of the superlative accomplishments. I got tired and did not want to click anymore.
Blackstone Ivory 15. Spud: 11/16/08. Production: 0.
Blackstone Ivory 10. Spud: 3/8/09. Production:0.
Gray Farms 24. Spud: 11/6/08. Production: 0.
Harris 19. Spud: 7/21/08. Production: 0
Blackstone 9. Spud: 9/11/09. Production: 0.
Blackstone 4. Spud: 7/18/09. Production: 1.229 MMcfd for May (2nd full month of production).. Yes, it is a horizontal!!!
Robertson 23. Spud: 10/23/09. Production: 0 Not complete.
Robertson 15. Spud: 8/23/09. Production: 0. Not Complete.
Robertson 14. Spud: 12/6/09. Production: 0. Not complete.
The list is long. Why don't they follow their partner ECA around and learn how to plan, drill, complete and produce a well.
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Permalink Reply by Les Bamburg on
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WR, I am not defending them but some of this may be related to waiting on CenterPoint Field Services to complete their Olympia System (target end 2010).
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Permalink Reply by w.r. frank on
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You shouldn't defend them. Why would a dumb-ass drill a well in 2008 when Centerpoint wasn't going to complete a system until 2010?
I can cite numerous wells that are near CHK, XCO, HK, ECA, etc. where the initial, and really subsequent, production is well below their peers. SWEPI has the longest, best safety manual, but their drilling, completion, production performance SUCKS!
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Permalink Reply by The_Baron on
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What if you had a lease about to expire... might be cheaper to drill and pay shut ins, than have to lease again, if you could lease at all.
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Permalink Reply by w.r. frank on
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XCO has completed 70+ wells since 2009. The average IP for Desoto wells is 23 mmcfd. XCO has wells that have produced 2.8 bcf. Point to one SWEPI well that has produced 1 bcf. SWEPI has been there longer (in the HA. Shale) and done almost nothing!
As to Centerpoint, if you are efficient, you drill a $10MM well in a location where you can deliver to sales. ECA does it! Why can't SWEPI?
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Permalink Reply by moondawg on
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On the comments about shell Guy farms 24 has made around 300 mcf so far at a rate of 10 mcf a day, Rob 23 and Rob 15 both have made over 1 bcf blackstone 9 and 4 aren't the best of there wells but have each made around 600 mcf at a choked rate of 1.5 mcfd thats just a few of there wells that have been on line. You have to realize shell has billions of dollars more than any of these other companys and they will hold off production until prices go back up. Just remember there not in business for u there in it to make money for there self but remain respectful to the land owners at the same time. I admit shell can be a little slow but they didn't get rich making dump mistakes like some of the others.
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Permalink Reply by Spring Branch,mineral owner on
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moondawg, how long have you worked for Shell?
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