FYI.....my Dec. 10,.2014 option was not exercised.....acreage in Union County, Ark, This is a total of
about 3000 acres that were dropped. Any news about Union Parish activity. Has low price of oil and SWE plans to purchase gas rights of Chesapeake changed /affected exploration plans ???
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They have completed the seismic work on my property just north of the chicken plant. It didnt seem to affect the deer since the 8 pnt I missed still ran like hell after the 1 st shot. I would suspect given the current economic climate that we wont see any activity until 2016 at the earliest. It will take several months to evaluate the 3d and plan any new wells in the budget cycle.
The last call by SWN indicated some news forthcoming "in about 3 weeks", that was a month ago. Im kinda smelling a farmout or JV in the making, well that was before the price collapse on crude. I strongly suspect that with this pricing in the market now the brown dense is pretty much a dead horse.
I understand that SWN has kept the lease around the one well of interest in Arkansas and let the rest lapse. Farmersville and south in Lincoln parish has very good potential for gas. I remember a blowout well I worked on near Downsville, that took AMOCO weeks to control when they attempted a completion. Ended up calling Red Adair. There is a lot of pressure and that is a good thing. If Nat gas wasn't so cheap you would see more drilling in that area.
Any rumors or news on the Whiting Langford or Jackson well? Nothing has been reported on either well in several months.
Jackson L Etal 23 #1 - Plugged & Abandoned
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...
Langford #1 - IP: 0 BOPD, 55 MCFD. Notation: "Well Shut In Pending Use As Frac Monitoring" (followed by, "Subsequent Recompletion" which is struck through).
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...
That leaves the L SMK RA SUA;LANGFORD 4H which was last reported as Frac, 5/15/14.
Just noticed on Sonris that 3 of the wells in LA have been plugged back. I'm not sure what SWN is looking at but here are the permits with plugback depths.
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2...
It seems that SWN has given up on the LSBD for these 3 wells. Maybe they will try for completions from shallower sands such as the Haynesville or Cotton Valley, but I'm not holding my breath.
All three are unit wells and can not be Shut-In indefindently without leases expiring.
Dean 31-22-1
23.38 barrels condensate/day, 417mcf gas, 71.81 barrels water, flow pressure 282
Rumor was this well had quite a bit of casing collapsed, perfs are 10511-11598. Depth was 13800, at least SWN was able to salvage something.
We received a renewal check from SWN for land at Weldon.
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