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Permalink Reply by Skip Peel - Mineral Consultant on July 30, 2014 at 7:06

Pad drilling multiple alternate unit wells, often HC (Horizontal Cross Unit) wells, is the current predominate development model.  Yep, it's good to get full development sooner rather than later.  If the price of NG was better it would be great.  Operators seem to be following this model in their better rock.  It may take another $1 or more to make Tier 2 rock economic and something over $5/mcf for Tier 3.

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Permalink Reply by Steve P on August 22, 2014 at 11:47

I have some small amounts of acreage NE of those 9-9N-12W wells in 2-9N-12W now HBP by an encana/SWEPI well.  I have no idea if the well is Bossier or Haynesville.  At the time it was drilled, someone pretty knowledgeable in the area told me that the area W of Pleasant Hill  was a better prospect for Bossier than Haynesville, and that my other acreage, just SE of Mansfield in Desoto, was also a good prospect for Bossier.  But there has been little discussion that I've seen about the Bossier formation since then until now.  I do recall the Petrohawk map you refer to.

I understand the economics of all this dry gas, but I am curious as to whether my lands have continued prospects for more Haynesville wells (only 1 in each of 3 sections thus far) PLUS some Bossier wells at some point in the future.

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Permalink Reply by Skip Peel - Mineral Consultant on August 22, 2014 at 12:32

At this time the areas being drilled are generally Core and Tier One Haynesville EUR areas.  Maybe some Tier Two.  Most of the Tier Two and Tier acreage will not get drilled until a point in the future where NG prices are viewed to be stable above $5/mcf.  It is possible that some of those areas may get a well if the current unit well depletes to the point that it does not meet the production in paying quantities definition.  Let's hope it's not that far in the future. 

Unless there is a more recent map of which I am not aware, the Petrohawk Bossier Porosity Feet (porosity times net thickness) map is still the best depiction of the area most likely to be economic for Bossier.  The 10' PF contour is the likely economic limit.  Keep in mind that Bossier wells will be classed as Haynesville wells as the Bossier interval is included in the depth definition of all Haynesville Shale units. 

Click on the map to enlarge.  Note the township numbers along the right margin and the range numbers across the top.  Since this is somewhat dated I'd suggest that the red line (15' contour) may be the better estimated economic boundary.

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Permalink Reply by Steve P on August 22, 2014 at 13:36

thanks, Skip. each of my areas are within the 15' contour line on this map. perhaps the question is whether i or my sons benefit from this.

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Permalink Reply by Skip Peel - Mineral Consultant on August 22, 2014 at 13:40

You're welcome, Steve.  How old are your sons?

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Permalink Reply by Steve P on August 22, 2014 at 16:28

early 30's, but the more relevant question is how old am I?  :)  I'm assuming I've got a good 20 years left. 

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Permalink Reply by Skip Peel - Mineral Consultant on August 22, 2014 at 16:34

Twenty years just might be enough.  :-)

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