Leasing in Evangeline Parish.....Petroguard
Hey guys , anyone know anything about Petroguard drilling and production? I found alittle bit of information about them online after a brief search. They have been in Avoyelles parish for a long time in the Wilcox play just south of bunkie close to I-49. They are making lease offers in central Evangeline parish along hwy 106.
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Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant on -
Petro-Guard Production has drilled 4 producing wells since 2011. Here is the Organization Form from the LA OOC.
Org ID Name P146 PETRO-GUARD PRODUCTION, L.L.C. Address Information
Oper Type Addr1 Addr2 Add Type City, State Zip ATTN Name Contact Name Phone Num Phone Type 01 2450 FONDREN ROAD SUITE 105 01 HOUSTON, TX 77063-0000 MARK STRINGER (713)974-5550 2 OFFICE (713)974-6818 FAX-OFFICE 01 2450 FONDREN ROAD SUITE 105 03 HOUSTON, TX 77063-0000 MARK STRINGER (713)974-5550 2 OFFICE (713)974-6818 FAX-OFFICE 01 2450 FONDREN ROAD SUITE 105 05 HOUSTON, TX 77063-0000 MARK STRINGER (713)974-5550 2 OFFICE (713)974-6818 FAX-OFFICE 01 2450 FONDREN ROAD SUITE 105 06 HOUSTON, TX 77063-0000 MARK STRINGER (713)974-5550 2 OFFICE (713)974-6818 FAX-OFFICE 01 2450 FONDREN ROAD SUITE 105 11 HOUSTON, TX 77063-0000 MARK STRINGER (713)974-5550 2 OFFICE (713)974-6818 FAX-OFFICE Organization Officers
Officer Name Title MARK A. STRINGER CO-MANAGER Organization Red Flags
Effective Date End Date Warning Status Warning Description 01/28/2016 02/01/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED 09/25/2003 11/12/2003 I ILLEGAL MOVEMENT 05/26/1999 07/01/1999 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES 01/23/2003 03/25/2003 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES 11/27/2000 11/28/2000 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES 08/30/2001 09/05/2001 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES 12/01/2009 12/31/2014 W WITHHOLD APPROVAL (LSA RS 30:94) OFFICER OF ORPHAN
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Permalink Reply by Hydrocarbonite on
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wow, that doesn't look too good Skip.. thanks for the info. whats your advice going forward?
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Permalink Reply by Skip Peel - Mineral Consultant on
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Red flags alone are not a disqualifer although a pattern is worth noting. The things that stand out are that the company doesn't have experience drilling complex wells and the same person is entered in every contact category (small company).
Why would anyone be in a hurry to lease to Petro-Guard? Patience is a virtue worth cultivating. Keep up with the main AC players (operating companies) and only consider an offer from them or from a land company representing them. Beware of speculators.
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Permalink Reply by Hydrocarbonite on
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We were contacted by Kirk B. with Amelia Resources because we had a large tract to offer, 6000+ acres. He had meeting with his land and geology people in lafayette for review of our sections, townships, and ranges... called back next day and said AC/TMS too deep for his interest, 19,000 to 20,000 feet in our area.
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Permalink Reply by Skip Peel - Mineral Consultant on
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Sorry to hear it. I'd suggest a second opinion. Worth the expense for 6000+ acres.
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Permalink Reply by Hydrocarbonite on
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Second opinion? maybe be patient and see how EOG does with the wells they will drill in the AC just 15 miles due east of us. those wells permitted if not mistaken to 15,000 to 17,000 TVD then 5000' laterals. The way Kirk respnded i just figured our depth put us out the picture completely. thats why i found interest when petroguard was making offers just north of us as a wilcox play.
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Permalink Reply by Skip Peel - Mineral Consultant on
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I'd quiz Petro-Guard thoroughly. If the answers were right, I would consider a lease to them that was depth limited to the Wilcox. To do that, and avoid any future litigation, you need a really experienced O&G attorney. I would take a look at everything within a ten mile radius just to see if there were any other operators that were exploring the Wilcox. I thought you were referring to the AC/TMS.
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Permalink Reply by Keith Mauck (Site Publisher) on
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New Evangeline group
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Permalink Reply by Skip Peel - Mineral Consultant on
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Thanks, Keith. You might also consider starting an Austin Chalk group. With multiple parishes seeing leasing action valuable intel may get be segregated into too many individual groups to keep up with. General information of interest and value to all the members following the play might best be concentrated in one group.
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Permalink Reply by Keith Mauck (Site Publisher) on
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We can resurrect this one
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Permalink Reply by Skip Peel - Mineral Consultant on
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I'd support that. You would need to make some suggestions as to what information would go in the AC group and what would be best posted in the individual parish groups. News and opinion of interest to all members focusing on the AC would be good in the main AC Group while specifics such as lease terms for a specific area would be best in a parish group. No matter the guidelines, there will be some bleed over. I think members will provide feedback about what works best for them.
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Permalink Reply by jack jurgens on
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Despite some of the comments, I know from personnal experience that Petroguard is an outstanding company and 100% honest and honorable. Petroguard drilled an outstanding Wilcox well on our property in an environmentally safe manner. The well has been producing 300 barrels a month for two years and believe it will be producing for another 18 years from the current sand and a shallower sand. The unit for the well is about 90 acres and we have approx 45 acres in the unit. The well maintains the lease down to the wilcox on our acres in the unit. Petroguard and its partners will likely be one of, if not the biggest force in the development of the austin chalk.
We have 530 acres in sections 17 and 18 of T2S R3E, and have leased to Petroguard. They have already leased around 160,000 acres in SW Avoyelles (Bunkie/Homeplace/Eola/etc.), and I believe they are hoping to lease over 200,000 acres. Before leasing , I went to Petroguard's offices and the President of the company spent several hours going through the science with me, and explaining the errors made by Anadarko and others in designing the horizantals of earlier Chalk wells (horizantals not cased). They have a vast amount of money, will be drilling many wells, and have the expertise to drill great wells. And most importantly, they are 100% honest. All I can say is am thrilled to be under lease to Petroguard, and worked hard to expeditiously conclude that lease which has generous financial terms, and all of the indemnity provisions and other protections that i deemed essential.
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