Replies to This Discussion

Permalink Reply by 1kw6x71km1v37 on June 28, 2014 at 9:43

Unfortunately, for any field, an operator's good wells must be averaged with the less successful wells and the dry holes to know if a prospect will "play" in the long run.

Permalink Reply by Skip Peel - Mineral Consultant on June 28, 2014 at 9:49

EOG Well Costs.

Gauthier 14H #1                 $8,039,980

Dupuy Land Co 20H #1     $9,136,147

Paul 15H #1                       $11,560,307

Dupuy Land Co 30H #1             ?

Dupuy Land Co #1 (vertical)      ?        Shut In Dry Hole, Future Utility

Gauthier #1 (vertical)                   ?       Shut In Dry Hole Future Utility

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Permalink Reply by Frankie D Elder on July 2, 2014 at 1:29

It is my understanding that their JR. Partner put all the cash for these wells to be drilled something like 50 million to buy in.......How much of it they paid is another story

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Permalink Reply by Keith on July 2, 2014 at 3:32

Skip, I may be dealing with old info but I know that the Dupuy 20H-1 had an IP 30 of 420 b/d and the Gauthier 14H-1 had an IP of 252 b/d.

I saw the shut in dry hole status on the Sonris as pre-production status. Maybe I'm looking at the wrong well numbers but they didn't drill too many of them.

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Permalink Reply by Skip Peel - Mineral Consultant on July 2, 2014 at 5:39

Keith,  all the EOG wells now have sufficient production history to examine.  The early IPs are really no longer relevant.  The Dupuy Land 30H is the best well of the bunch and has declined to ~72 BOD in only 9 months of production.  You can see where it is headed by examining the earlier wells.  The Gauthier was averaging 27 BOD at twelve months.  Now at 15 months it's at 20.  The Dupuy 20H had average twelfth month production of 40 BOD and at 19 is averaging 18 BOD.  The Paul is worse still.  EOG drilled two vertical science wells and 4 horizontal wells.  I don't think they will be back. I do hope that some other energy company may decide to explore as the core TMS is tied up by operating companies and well results encourage step outs.

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

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Permalink Reply by david crocket on July 2, 2014 at 5:54

but, in defense of the play in this area, the companies seemed to be in the learning/experimentation mode.  now that they have learned how to drill these wells in the tms, maybe... they can do better and have much better results. just like learning to ride a bike. it  takes a few test rides to learn how to master.

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Permalink Reply by Skip Peel - Mineral Consultant on July 2, 2014 at 6:05

david, that's why I mentioned future step out possibilities.  I think that once the current TMS operators have proven that they can produce consistent economic results other companies may come looking for opportunities to expand the play.  EOG has a number of first rate wet shale plays that will be their focus.  Companies that do not may come looking in the future.  Right now many in the industry are waiting and watching this early stage of E&P in the TMS to see a greater data set.  It should take another six months or so.

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Permalink Reply by Two Dogs, Pirate on July 2, 2014 at 9:56

Yesterday I had to go to Leesville and on the way I drove to the EOG/Indigo well site and it looked ready to go. Looked like the workers were doing the finishing work on the water system. Could be any day a rig will move onto location.

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Permalink Reply by Skip Peel - Mineral Consultant on July 2, 2014 at 11:45

It will be an important well to watch for a lot of Central LA land owners.  When a rig spuds I'll post a discussion thread.

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Permalink Reply by blackjackjackson on June 28, 2014 at 14:57

I just met a landman  who said the Vernon parish well was actually more important to the play is south rapides.  I thought it was tms, but i'll ask if it is tms or  Wilcox.

he also said the lambright was closed b/c of such a thin layer of play.

also, there are no offers in rapides tms now.

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Permalink Reply by Skip Peel - Mineral Consultant on June 28, 2014 at 15:05

The EOG Vernon Parish permit is a TMS well.

http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...

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Permalink Reply by blackjackjackson on June 28, 2014 at 15:20

skip, thank you.  I also thought this was the case, and I did think it was strange

that this person thought it was for south rapides.   I will dig deeper.

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