Frisco Start Up Buys Rights to Drill for Oil in 100,000 acres of Northern Louisiana - GoHaynesvilleShale.com2024-03-28T23:37:22Zhttps://gohaynesvilleshale.com/forum/topics/frisco-start-up-buys-rights-to-drill-for-oil-in-100-000-acres-of?groupUrl=brown-dense-lower-smackover&commentId=2117179%3AComment%3A3798916&xg_source=activity&groupId=2117179%3AGroup%3A2366324&feed=yes&xn_auth=noI do believe they were lookin…tag:gohaynesvilleshale.com,2019-01-27:2117179:Comment:37989962019-01-27T12:51:04.555ZBradley McWilliamshttps://gohaynesvilleshale.com/profile/bradleymcwilliams
<p>I do believe they were looking for "not in the mainstream" plays. The F'ville was just that, and they were hoping to replicate it. The LSBD was thought to carry on in that, but didn't work to their expectation. They also tried for the DJ basin in north west CO, which I think had limited success, they also drilled some really deep post holes around Colorado Springs, also in Utah, and in Montana, as I recall. Don't even need to bring up the Canadian exercise in futility...</p>
<p>As for…</p>
<p>I do believe they were looking for "not in the mainstream" plays. The F'ville was just that, and they were hoping to replicate it. The LSBD was thought to carry on in that, but didn't work to their expectation. They also tried for the DJ basin in north west CO, which I think had limited success, they also drilled some really deep post holes around Colorado Springs, also in Utah, and in Montana, as I recall. Don't even need to bring up the Canadian exercise in futility...</p>
<p>As for personnel, I used the phrase on a different thread of their "machine". Certainly the folks they had in place to steer that machine was impressive. Mostly all gone now. Their main field office is a ghost town, saw the last of the SWN Drilling Co. rigs being moved out just last week.</p> Attached is some info from Dr…tag:gohaynesvilleshale.com,2019-01-27:2117179:Comment:37989482019-01-27T00:16:44.447ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Attached is some info from Drilling Info on some of the Velandera Smk Brown Dense operated wells. As in any play - and unconventional plays especially - there is a lot of variability in the subsurface that impacts well results. Just based on the gas to oil ratios from cum production numbers, there is a bit swing in GOR and then in turn economics. And as the map shows, these wells are spread out through this Parish - where is the sweet spot for best EUR / economics/</p>
<p>The answer is in…</p>
<p>Attached is some info from Drilling Info on some of the Velandera Smk Brown Dense operated wells. As in any play - and unconventional plays especially - there is a lot of variability in the subsurface that impacts well results. Just based on the gas to oil ratios from cum production numbers, there is a bit swing in GOR and then in turn economics. And as the map shows, these wells are spread out through this Parish - where is the sweet spot for best EUR / economics/</p>
<p>The answer is in the data. Hopefully Velandera has all the technical info (core, logs, analyses) and operational info (drilling reports, frac reports, etc) to try to put together the puzzle to determine where to best exploit this known O&G resource.</p> SWN did crush it on the Fayet…tag:gohaynesvilleshale.com,2019-01-27:2117179:Comment:37989462019-01-27T00:11:51.398ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>SWN did crush it on the Fayetteville and then tried to find the next unconventional play in many different areas - with minimal success. Their essentially avoiding the Permian in the early part of that "shale" development was probably a mistake but - as I understand it - they were looking for "shale plays" in areas that were not in the mainstream. And these did not pan out.</p>
<p>SWN has a GREAT staff for some time - but retirements, layoffs, and people leaving to find different…</p>
<p>SWN did crush it on the Fayetteville and then tried to find the next unconventional play in many different areas - with minimal success. Their essentially avoiding the Permian in the early part of that "shale" development was probably a mistake but - as I understand it - they were looking for "shale plays" in areas that were not in the mainstream. And these did not pan out.</p>
<p>SWN has a GREAT staff for some time - but retirements, layoffs, and people leaving to find different opportunities killed their main resource, i.e. great technical staff.</p> I can recall some local SWN e…tag:gohaynesvilleshale.com,2019-01-26:2117179:Comment:37989242019-01-26T18:51:06.639ZBradley McWilliamshttps://gohaynesvilleshale.com/profile/bradleymcwilliams
<p>I can recall some local SWN employees saying the company had a "can't miss" air about it after the home run of the F'ville. Almost as though some believed they were above making a wrong guess...</p>
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<p>I can recall some local SWN employees saying the company had a "can't miss" air about it after the home run of the F'ville. Almost as though some believed they were above making a wrong guess...</p>
<p></p> Of the six producing wells li…tag:gohaynesvilleshale.com,2019-01-26:2117179:Comment:37987402019-01-26T18:28:02.100ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Of the six producing wells listed (Status 10), 2 are horizontal completions and 4 are vertical completions. The Brown Dense discovery well was a vertical completion with cumulative oil production of 131,000 barrels.</p>
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<p>Of the six producing wells listed (Status 10), 2 are horizontal completions and 4 are vertical completions. The Brown Dense discovery well was a vertical completion with cumulative oil production of 131,000 barrels.</p>
<p></p> I noticed the SWN tie in as w…tag:gohaynesvilleshale.com,2019-01-26:2117179:Comment:37988522019-01-26T18:25:56.212ZBradley McWilliamshttps://gohaynesvilleshale.com/profile/bradleymcwilliams
<p>I noticed the SWN tie in as well. Wondered if maybe the gentleman was involved with the LSBD project and wanted to stay with it? Also noticed Key as a "strategic partner". Companies don't usually list a vendor as a partner, so kind of curious about that. I can't imagine a company like Key providing services in exchange for a percentage or something, but they didn't call and discuss the details with me, so...</p>
<p>Also agree with the overhead statement. We're already seeing that up here…</p>
<p>I noticed the SWN tie in as well. Wondered if maybe the gentleman was involved with the LSBD project and wanted to stay with it? Also noticed Key as a "strategic partner". Companies don't usually list a vendor as a partner, so kind of curious about that. I can't imagine a company like Key providing services in exchange for a percentage or something, but they didn't call and discuss the details with me, so...</p>
<p>Also agree with the overhead statement. We're already seeing that up here in the F'ville with the new owners in this area. The bigger operators that were here before had lots of overhead that the new operators have shed, so maybe it will at least create a little activity.</p> It will be interesting to see…tag:gohaynesvilleshale.com,2019-01-26:2117179:Comment:37988482019-01-26T18:14:31.139ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>It will be interesting to see if Velandera only focuses on the "unconventional" Brown Dense (Lower Smackover) source rock play or extends its efforts into the more traditional Upper Smackover play (not source rock but traditional P&P reservoirs). This is where the 3D could come in handy. Plus the 3D - if it is of high enough quality - may be used to rock property mapping in the Brown Dense (e.g. most brittle, organic rich, etc.).</p>
<p>There is no doubt that the Brown Dense has a lot of…</p>
<p>It will be interesting to see if Velandera only focuses on the "unconventional" Brown Dense (Lower Smackover) source rock play or extends its efforts into the more traditional Upper Smackover play (not source rock but traditional P&P reservoirs). This is where the 3D could come in handy. Plus the 3D - if it is of high enough quality - may be used to rock property mapping in the Brown Dense (e.g. most brittle, organic rich, etc.).</p>
<p>There is no doubt that the Brown Dense has a lot of O&G associated with it - it is the primary Jurassic source rock in the ArkLaTex and has been the main source rock for the Smackover production in that area (as well as some shallower formations). Key like in any "unconventional play is "cracking the code" and figuring out which areas (if any) at best to pursue for horizontal drilling and stimulation.</p>
<p>Side note on Smackover and H2S - the presence and variability of H2S in the Smackover is an interesting situation. It can range from 90+% (some areas in E Tx) to almost zero depending where you are in the trend.</p>
<p>Back in the 90's when sulfur prices were decent (e.g. over $30 per ton), the gas processing plants would have large mounds of sulfur ready to go into tank cars for sale as a by product of stripping out the NGL's from the Smackover gas stream.</p>
<p>And sometimes other inert gas can be prolific in the Smackover - in E Tx (Aker Field), the Smackover gas stream is composed of Methane and nitrogen (up to 30%).</p>
<p>Difficult to explain these gas quality anomalies.</p> The one manager of Velandera…tag:gohaynesvilleshale.com,2019-01-26:2117179:Comment:37989162019-01-26T18:02:27.507ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>The one manager of Velandera is ex-SWN. One has to figure that the G&A / Overhead for this new group will be much lower than SWN's. Various "strategic alliances" may also come into play here to optimize results (e.g. the ProLine Engineering tie).</p>
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<p>The one manager of Velandera is ex-SWN. One has to figure that the G&A / Overhead for this new group will be much lower than SWN's. Various "strategic alliances" may also come into play here to optimize results (e.g. the ProLine Engineering tie).</p>
<p></p> They've got a pretty nice web…tag:gohaynesvilleshale.com,2019-01-26:2117179:Comment:37986362019-01-26T13:41:07.668ZBradley McWilliamshttps://gohaynesvilleshale.com/profile/bradleymcwilliams
<p>They've got a pretty nice web site. It list SWN as a "strategic partner". Seems SWN is a minority interest holder in it still? Before everyone was laid off in the F'ville last June I was told that deal was done. Took a while to become public. Hoping for the best for all involved.</p>
<p>They've got a pretty nice web site. It list SWN as a "strategic partner". Seems SWN is a minority interest holder in it still? Before everyone was laid off in the F'ville last June I was told that deal was done. Took a while to become public. Hoping for the best for all involved.</p> I really do hope they can tur…tag:gohaynesvilleshale.com,2019-01-26:2117179:Comment:37988982019-01-26T03:17:26.772ZJMGhttps://gohaynesvilleshale.com/profile/JasonGossler496
<p>I really do hope they can turn this into something more than SWN did. I feel like SWN bet the farm and tied most of their capital up in leasing thinking this would be the next BIG BASIN before getting proven results across what they thought was the economic fairway. LSBD does not have the big consistent economic footprint like other areas that gained national attention but, IMO it does have very good hotspots that hopefully were picked up on 3-D seismic that would resemble isolated areas…</p>
<p>I really do hope they can turn this into something more than SWN did. I feel like SWN bet the farm and tied most of their capital up in leasing thinking this would be the next BIG BASIN before getting proven results across what they thought was the economic fairway. LSBD does not have the big consistent economic footprint like other areas that gained national attention but, IMO it does have very good hotspots that hopefully were picked up on 3-D seismic that would resemble isolated areas similar to the traditional Smackover formation that are economical. From what I've heard or read this would be ancient reefs or lagoonal areas(think about a small lake) but have proven to be predominately very high in H2S concentrations so there is the added cost of stripping the H2S on site or taking a very big hit from midstream companies and letting them deal with it.</p>