Replies to This Discussion

Permalink Reply by WilliamW on January 15, 2011 at 2:51

How far is Mainland Resources 22,000' Missippi well from a pipeline that could accept their gas production?  Would it be Mainland Resourses responsibility to lay a line to a maniforld of that pipeline?  How much delay would this cause in getting their well on production?  My ignorance of the matter is evident in these questions.

Permalink Reply by Les Bamburg on January 15, 2011 at 5:00

William, Mainland may not be planning to place this well on production into a sales pipeline.  There could a gas sales pipeline in the region but unless near the location the tie-in line that Mainland would be required to install could be very costly.  In addition, it is likely the gas produced would require extensive treating to meet sales pipeline specifications.  Jefferson County has little existing natural gas production (< 1 MMcfd??) and so probably lacks gathering and treating infrastructure.

 

Instead, Mainland likely intends to evaluate the play's overall potential and put together a possible development plan.  This would include the gas gathering network and a tie-in line to a gas sales pipeline.   

Permalink Reply by david king on January 15, 2011 at 6:26

doc: i've been told that there is a pipeline on the  property (don't know the distance from new well)   that with  additional compression facilities  (which you can rent) will handle up to 20 million cf per day and  i was also told  that they  have already  (early on) looked at the permitting process for additional  capacity-  i'm  tryin to learn more- will post what  i can---- david

Permalink Reply by jeff boler on January 16, 2011 at 6:37

I wish that I had seen that before I started typing...

 

What a nice map...Please tell me where you came across it !!!

Permalink Reply by Les Bamburg on January 25, 2011 at 10:57

Ray, there does not appear to be any gas pipelines near the wellsite which is located in T10N-R2E near the northern border of Jefferson County.  The closest major gas pipeline, Texas Eastern, is ~ 15 miles to the southeast.

Permalink Reply by jeff boler on January 16, 2011 at 6:34

The Burkley-Phillips well is located within the Buena Vista field which has for years produced both oil and gas from the Lower Tuscaloosa Sandstone, though I think there are a very limited number of active wells today. There is a maintained pipeline system in the area and MNLU'w decision regarding placement of the drilling location would have weighed heavily on proximity to Natural-Gas Pipelines. Not sure where I read it, but I remember MNLU stating that upon completion this well will provide immediate revenue.

 

What would be nice is if the well turned out to be full of condensate and instead of utilizing a pipeline at first, they have around the clock tanker trucks in and out of the location.

 

I can't find the specific post, but is has been mentioned in this thread that the current pipeline is capable of handling 5.0 MMCF/D from the Well. The post went on to say that MNLU plans to produce via this pipeline and turn the 5.0 MMCF/D into cash while constructing a new pipeline.

 

The new pipeline will be capable of handling massive flow rates that are no doubt in our near future... As I believe Checkmateking put it; "They were looking for the BIG ONE and they got it." I don't think that I can state it any better...

 

I'm hoping that hydrocarbons generated in & produced from the Haynesville should have low concentrations of H2S and require little treatment; however, the Smackover at these depths would almost certainly be a different story. Maybe some of the evaportites of the Upper Smackover (if present) have at some point formed a sea, preventing direct migration of H2S into our pay. But who knows how big the drainage basin will be after the well is fracked? Fracking an already fractured shale, coupled with a pore-pressure known to be over 20,800psi could yield a drainage basin of proportions that have never been seen before...

 

I have attached an example of a fractured haynesville shale core from one of Petrohawk's North Louisiana Wells as an example. Given the tectonic activity associated with the autochthonous salt anomaly that caused the Buena Vista Structure, our pay is likely to be significantly more fractured than this example. Natural Fractures = exponentially increased porosity = exponentially more reserves compared to a non-fractured formation... 

Attachments:

• Fractured Haynesville Core .pdf, 449 KB

Permalink Reply by Elizabeth Netterville Coleman on January 18, 2011 at 9:42

What does this mean? Are they extending already existing leases or getting more leases? I guess it is obvious that I am not a professional in this field.

Permalink Reply by Elizabeth Netterville Coleman on January 19, 2011 at 3:13

I found the press release...it was announcing the extension of the leases they already had until 2012 and 2013...

Permalink Reply by The_Baron on January 19, 2011 at 8:54

Being a public company, they probally thought it would be important to let investors know that they were about to spend some more lease money... and make it appear they think those leases are worth hanging onto.

Permalink Reply by James R Fenoli on January 19, 2011 at 9:54

Talk to the tool pusher on the Rapid Rig in Tellus, Miss and he had a lot to say and none of it was good. He's been doing this for 20ty something yrs and MNLU hasn't payed alot of folks and lots of chloride was found along the way=salt water

Permalink Reply by Checkmateking on January 19, 2011 at 12:57

As I believe Checkmateking put it; "They were looking for the BIG ONE and they got it." I don't think that I can state it any better...

I said the opposite

Permalink Reply by Jerry Millstone on January 19, 2011 at 12:27

James R Fenoli - Did you talk to the tool pusher on the rig that drilled Mainland's Burkley-Phillips? Did he allege that somebody wasn't paid, or are you alleging this? Did you call him on the phone or visit the current drilling location? What is his name? Regarding chloride, lol, you are aware of the location of this hole, correct? Something about a salt basin...anyway, odd that you use the ticker symbol in your brief comments rather than company name. Are you invested in the stock as am I? Are you involved in shorting the stock, or do you know or are you associated with those who are? Especially odd considering the stock was up 20% today. Thanks. 

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