Look at the condensate in this completion. This is their fourth similarly successful well in the James Lime.
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Halbert Trust.pdf, 4 KB If you care to believe one of their local landmen, who mentioned this a couple days ago, this well has leveled off at 300 to 400 bbls per day. Not much information, I realize, but it is something.
Permalink Reply by ken christian on Still a very good well, IMHO. It wouldn't take long to pay for a $5-7 million James Lime well with those numbers.
Permalink Reply by Mike on W & T Offshore has kicked off trying to acquire leases. They had a good James Lime well with solid liquids production in the north east part of San Augustine County. That along with Devons wells is making it look like Crimson has it right. It is a very targeted play. Others probably want in but much of the land is leased. Those leases should be expiring soon.
Permalink Reply by CH on We are in San Augustine Co and they sold ours without letting us know to Chesapeake. Our minerals were first sold Nov., 2011 and we still don't have any royalty checks.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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