Lease option renewal coming up for many in Avoyelles, any news? - GoHaynesvilleShale.com2024-03-28T23:49:58Zhttps://gohaynesvilleshale.com/forum/topics/lease-option-renewal-coming-up-for-many-in-avoyelles-any-news?commentId=2117179%3AComment%3A3380118&xg_source=activity&feed=yes&xn_auth=noGDP seems to believe that the…tag:gohaynesvilleshale.com,2014-09-11:2117179:Comment:33838632014-09-11T13:25:29.607ZStevehttps://gohaynesvilleshale.com/profile/Steve8
<p>GDP seems to believe that the decline rate may be reduced in areas where fewer natural fractures occur. Their theory is that where there are lots of natural fractures the wells get a bump in initial ip rates, but those wells decline at a greater rate. Similar wells with lower 24 ip rates,such as the Beech Grove and the SLC,will have slower decline rates but their EURs should be about the same. They seemed to believe that the occurrence of natural fractures had something to do with TVD but…</p>
<p>GDP seems to believe that the decline rate may be reduced in areas where fewer natural fractures occur. Their theory is that where there are lots of natural fractures the wells get a bump in initial ip rates, but those wells decline at a greater rate. Similar wells with lower 24 ip rates,such as the Beech Grove and the SLC,will have slower decline rates but their EURs should be about the same. They seemed to believe that the occurrence of natural fractures had something to do with TVD but Kirk seems to think that local geology not depth will determine where the most fractures occur. Maybe we will eventually see a deep TMS well with a little more gas and lots of natural fractures yielding an ip over 2000 - that would be nice for the Felicianas.</p> The decline rates seem to be…tag:gohaynesvilleshale.com,2014-09-11:2117179:Comment:33836532014-09-11T12:48:44.841ZStevehttps://gohaynesvilleshale.com/profile/Steve8
<p>The decline rates seem to be as expected,if you listen to the operators, at around 80-90%. I know of at least 2 wells that started just above 1000 2 years ago and are each at about 100-150 bopd now and have been for the past year, but these were early wells and hopefully some improvements will be made in time. There is a glimmer of hope that the last wells in the deeper TMS will decline more slowly, some evidence of that is being seen in the GDP Beech Grove well and possibly the SLC, but it…</p>
<p>The decline rates seem to be as expected,if you listen to the operators, at around 80-90%. I know of at least 2 wells that started just above 1000 2 years ago and are each at about 100-150 bopd now and have been for the past year, but these were early wells and hopefully some improvements will be made in time. There is a glimmer of hope that the last wells in the deeper TMS will decline more slowly, some evidence of that is being seen in the GDP Beech Grove well and possibly the SLC, but it is early. Those wells had 24 hour ips under 1000 but early reports and rumors are they are sustaining initial #'s longer and in the case of the SLC the flow rate improved a couple hundred barrels per day since the early ip test. I think we can expect 85% declines for now in the 1st year and a leveling off after that - that is what I see from the better current wells. IMO.</p>
<p></p> "Pigs get fat. Hogs get slaug…tag:gohaynesvilleshale.com,2014-09-06:2117179:Comment:33802282014-09-06T00:49:15.493Z1kw6x71km1v37https://gohaynesvilleshale.com/xn/detail/u_1kw6x71km1v37
<p>"Pigs get fat. Hogs get slaughtered".</p>
<p>Fried catfish is better for you. Same greens. Same cornbread. Same hydrocarbons down below.</p>
<p>"Pigs get fat. Hogs get slaughtered".</p>
<p>Fried catfish is better for you. Same greens. Same cornbread. Same hydrocarbons down below.</p> Good analogy...lol :-) tag:gohaynesvilleshale.com,2014-09-05:2117179:Comment:33801512014-09-05T23:49:04.713ZCJhttps://gohaynesvilleshale.com/profile/ChadwickLayneJoffrion
<p>Good analogy...lol :-) </p>
<p>Good analogy...lol :-) </p> Anadarko sold leases to anoth…tag:gohaynesvilleshale.com,2014-09-05:2117179:Comment:33801182014-09-05T21:17:21.829ZCJhttps://gohaynesvilleshale.com/profile/ChadwickLayneJoffrion
<p>Anadarko sold leases to another company from what I understand from TMS postings.</p>
<p></p>
<p>Anadarko sold leases to another company from what I understand from TMS postings.</p>
<p></p> Anadarko was betting on the A…tag:gohaynesvilleshale.com,2014-09-05:2117179:Comment:33799472014-09-05T20:41:24.822ZTwo Dogs, Piratehttps://gohaynesvilleshale.com/profile/ThomasRScarbrock
<p>Anadarko was betting on the Austin Chalk in Avoyelles and maybe some Wilcox if they found it going down to the chalk. They came in after the blowout in the Gulf. They bought a decent position in South Vernon Parish and bought a few leases in T1N-R1W in Rapides and the stuff in the Bayou Jack field in Avoyelles. I don't think EOG ever got that far to the South.</p>
<p>Anadarko was betting on the Austin Chalk in Avoyelles and maybe some Wilcox if they found it going down to the chalk. They came in after the blowout in the Gulf. They bought a decent position in South Vernon Parish and bought a few leases in T1N-R1W in Rapides and the stuff in the Bayou Jack field in Avoyelles. I don't think EOG ever got that far to the South.</p> Actually, it depends on the t…tag:gohaynesvilleshale.com,2014-09-05:2117179:Comment:33800942014-09-05T19:37:24.173ZJesse Joynerhttps://gohaynesvilleshale.com/profile/JesseJoyner
<p>Actually, it depends on the terms of your lease and what the future might bring. Sometimes early signers win on the bonus, true, when an unproven area turns out to be a bust. Then again, if a productive formation is under the ground and it is eventually drilled, the holdouts might come out the big winners when they sign sweeter leases, as is now happening in certain ares near productive TMS wells. Word is by way of gossip, some of the landmen who were working for EOG and nailing down 100,000…</p>
<p>Actually, it depends on the terms of your lease and what the future might bring. Sometimes early signers win on the bonus, true, when an unproven area turns out to be a bust. Then again, if a productive formation is under the ground and it is eventually drilled, the holdouts might come out the big winners when they sign sweeter leases, as is now happening in certain ares near productive TMS wells. Word is by way of gossip, some of the landmen who were working for EOG and nailing down 100,000 acres, well, that block of leasing has been put on hold with those particular landmen being pulled off the hunt. So the flop could go either way. You are right. </p> So the gist of all this relat…tag:gohaynesvilleshale.com,2014-09-05:2117179:Comment:33798542014-09-05T18:46:02.687ZArthur E Personhttps://gohaynesvilleshale.com/profile/ArthurEPerson
So the gist of all this related to lease renewals in Avoyelles Parish is, don't count on them coming back and renewing for three more years. I'm awfully glad we decided to take Anadorka's lease terms. I believe that there were quite a few folks around the Evergreen,Cottonport area that held out for more money, they never got leased, and didn't get anything.
So the gist of all this related to lease renewals in Avoyelles Parish is, don't count on them coming back and renewing for three more years. I'm awfully glad we decided to take Anadorka's lease terms. I believe that there were quite a few folks around the Evergreen,Cottonport area that held out for more money, they never got leased, and didn't get anything. Not true, public companies do…tag:gohaynesvilleshale.com,2014-09-05:2117179:Comment:33800802014-09-05T18:37:54.275Ztchttps://gohaynesvilleshale.com/profile/tc
<p>Not true, public companies don't have to give well results. Only if result would have a material impact on the company/stock must they provide info and for a company the size of EOG the well will not have material impact. That being said, if the well is good and it convinces EOG to stay in the TMS, then you might get a mention during an earnings/conference/presentation call.</p>
<p>Not true, public companies don't have to give well results. Only if result would have a material impact on the company/stock must they provide info and for a company the size of EOG the well will not have material impact. That being said, if the well is good and it convinces EOG to stay in the TMS, then you might get a mention during an earnings/conference/presentation call.</p> K Thankstag:gohaynesvilleshale.com,2014-09-05:2117179:Comment:33798462014-09-05T18:32:10.851ZCJhttps://gohaynesvilleshale.com/profile/ChadwickLayneJoffrion
<p>K Thanks</p>
<p>K Thanks</p>