Replies to This Discussion

Permalink Reply by jffree1 on August 4, 2010 at 3:43

Exco 2Q Review:

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzkxODY4...

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landownerPermalink Reply by Missy on August 5, 2010 at 5:59

Lethal.
That's amazing! I looked for you in the pic on page 22 of the report, but all I could see was $$$$. LOL

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landownerPermalink Reply by VSC DeSoto South on August 11, 2010 at 11:16

I noticed that the JBranch.pdf notice depicts all 8 wells.
The notices I have received never show all 8.( I have notices for the sections surrounding me and the section I am in.)
Why are some notices distributed without all wells int he section shown?
Is there any significance to this?
I hope it does not mean they are not really planning on ever drilling 8 :(

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 11, 2010 at 11:41

An alternate unit well application may be made at any time for any number of wells up to the maximum allowed. The operators applying for multiple alternate unit wells are likely those that plan to drill them in the near future. Instances of units with the full compliment of allowable alternate unit wells are rare and probably represent less than 4% of all units formed to date. Barring some physical impediment such as a fault, all drilling units should get six to eight wells in time.

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Oil & Gas ProPermalink Reply by Les Bamburg on August 11, 2010 at 11:42

VSC, I assume you are referring to the pre-unit and unit filing notices. If yes - those would be prior to the alternate well filings.

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landownerPermalink Reply by Henry on August 11, 2010 at 23:37

VSC,
The unit app is just that, a unit application. That's what you receive in your mailbox. It makes no mention of where any well might be in the unit. The permit for the first well can be found on sonris, but you never receive that.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 12, 2010 at 0:55

Alternate unit wells require the same notice and plat as the original unit order. The notice letter states quite clearly on the first page whether the application is for a drilling and production unit or for one or more an alternate unit wells.

landownerPermalink Reply by Missy on August 5, 2010 at 8:13

Lethal,
There is a difference. You are double blessed no to have it sitting on your property. No offense to the businsess. The next time you go out there to look around wear your striped 'Where's Waldo 'shirt so we can locate you. You know, a guy wearing a red and white striped shirt in a sea of 'green' will really stand out. Pass along blessings. Congrats.

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landownerPermalink Reply by kittycatmama on August 6, 2010 at 4:55

in Exco's investor presentation, they say they are concentrating their drilling efforts in Holly Field & Shelby Trough? Is the Holly Field this good?

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Oil & Gas ProPermalink Reply by Les Bamburg on August 6, 2010 at 5:13

KCM, under Exco's terminology this would also include the Caspiana & Kingston Fields.

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landownerPermalink Reply by Spring Branch,mineral owner on August 6, 2010 at 5:22

They are also very focused on drilling the sections acquired from Fossil/Tauren in Southern Caddo and Northern DeSoto. You may not see a bunch of alternate unit wells there, but they are darned sure going to HBP it all.

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Oil & Gas ProPermalink Reply by Les Bamburg on August 6, 2010 at 16:40

SB, I reckon Exco may HBP but just not drill additional wells in some areas until gas price improves.

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