Freeport-McMoran
Looks like Jim Bob finally pulled it off.
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Permalink Reply by Two Dogs, Pirate on
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Congratulations Jim Bob and Tex.
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Permalink Reply by Skip Peel - Mineral Consultant on
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TD,P~
Got a serial number for the well?
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Permalink Reply by Two Dogs, Pirate on
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No, haven't looked in a while at the wells but the courthouse was packed in Crowley when I was there a couple of months ago and they were all maybe working for McMoran. Jim Bob said a year or so ago that this play was going to put the shalers in the dust. I have heard that it will extend as far North as St Landry Parish. Looks like it is center of the state say from West to East below Lafayette.
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Permalink Reply by Joe Aldridge on -
The serial number is: 245356
Its in the Sonris Scout report located in St. Martin Parish - Field 0875 - Bayou Long
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Permalink Reply by Skip Peel - Mineral Consultant on
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Thanks, Joe.
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Permalink Reply by Joe Aldridge on
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No new Scout Reports for quite some time. Still listed as completing.
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Permalink Reply by Skip Peel - Mineral Consultant on
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Permalink Reply by David on
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Skip, I am a royalty owner on this well. It can be found at Highlander 1 on SONRIS. They are planning an alternate weil, Highlander 2, very close to this one. (Coastal Rig 22 is Highlander 1)
From our O&G attorney:
Actual production is supposed to begin by Feb 1st. Payments should follow in 60 Days, hence April.
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Permalink Reply by Joe Aldridge on
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David,
What size unit are they proposing?
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Permalink Reply by Skip Peel - Mineral Consultant on
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I hope it's a good well, David.
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Permalink Reply by Joe Aldridge on
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Skip,
It tested at 43.5 Million with almost 12,000 psi flowing tubing pressure It has 150 ft of pay. I think that is a VERY GOOD Well.
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Permalink Reply by Skip Peel - Mineral Consultant on
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Could be. The Initial Production data is impressive. However the IP 30, 90 and 180 will be a much better barometer of commercial potential.
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