OIL AND GAS NEWS - MARCH 9, 2014 - shreveporttimes.com

OIL & GAS NEWS

LOCATIONS

CADDO PARISH

Bayou State Oil Corp., capi-nac­ff- 1su; Caldwell, 088, Sec. 29, T22N, R15W, Caddo Pine Island, 1200’ MD, Nacatoch.

Bayou State Oil Corp., capi-nac­ff- 1su; Caldwell, 089, Sec. 29, T22N, R15W, Caddo Pine Island, 1200’ MD, Nacatoch.

Bayou State Oil Corp., capi-nac­ff- 1su; Caldwell, 090, Sec. 29, T22N, R15W, Caddo Pine Island, 1200’ MD, Nacatoch.

Bayou State Oil Corp., capi-nac­ff- 1su; Caldwell, 091, Sec. 29, T22N, R15W, Caddo Pine Island, 1200’ MD, Nacatoch.

Bayou State Oil Corp., capi-nac­ff- 1su; Caldwell, 092, Sec. 29, T22N, R15W, Caddo Pine Island, 1200’ MD, Nacatoch.

Chesapeake Operating Inc., ha rb sua; Caspian 23&26-15-12hc, 001-alt, Sec. 13, T15N, R12W, Caspiana, 17600’ MD 11911’ TVD, Haynesville RB.

Chesapeake Operating Inc., ha rb sub; Caspian 24&13-15-12hc, 001-alt, Sec. 13, T15N, R12W, Caspiana, 18000’ MD 11671’ TVD, Haynesville RB.

Chesapeake Operating Inc., ha rb sub; Caspian 24&25-15-12hc, 001-alt, Sec. 13, T15N, R12W, Caspiana, 17500’ MD 11916’ TVD, Haynesville RB.

CLAIBORNE PARISH

Petro-Chem Operating Co. Inc., lbch 33h, 001, Sec. 28, T20N, R7W, Athens, 11141’ MD 6624’ TVD, Pettit.

LINCOLN PARISH

WildHorse Resources LLC, Colvin Estate 28-33h, 001, Sec. 28, T19N, R3W, Ruston, 19250’ MD 12500’ TVD, CV.

WildHorse Resources LLC, Colvin Estate 28-33h, 002, Sec. 28, T19N, R3W, Ruston, 19000’ MD 12500’ TVD, CV.

WildHorse Resources LLC, Colvin Estate 28-33h, 003, Sec. 33, T19N, R3W, Ruston, 19000’ MD 12500’ TVD, CV.

WildHorse Resources LLC, Colvin Estate 28-33h, 004, Sec. 28, T19N, R3W, Ruston, 19500’ MD 12500’ TVD, CV.

WEBSTER PARISH

Mid-South Trading Inc., Daniel Armour et al, 001, Sec. 28, T23N, R9W, Shongaloo, 2990’ MD, Buckrange.

COMPLETIONS

CADDO PARISH

COMPANY: BHP Billiton Petro (TxLa Operating) Co., ha rb suq; Ratzburg 18h, 2-alt: 246508.
WHERE: Caspiana, S 19. T. 15N R. 11W. DAILY PRODUCTION: 7,482 mcf gas on 14/64 choke; 0 barrels n/a gravity condensate; 35 barrels water. PRESSURE: 1,947 lbs. SPECIFICS: Haynes­ville RB; perforations, 12,277-16,846 feet, depth, 16,940 feet.

COMPANY: BHP Billiton Petro (TxLa Operating) Co., ha rb suq; Ratzburg 18h, 3-alt: 246509.
WHERE: Caspiana, S 19. T. 15N R. 11W. DAILY PRODUCTION: 7,705 mcf gas on 14/64 choke; 0 barrels n/a gravity condensate; 42 barrels water. PRESSURE: 1,975 lbs. SPECIFICS: Haynes­ville RB; perforations, 12,359-16,938 feet, depth, 17,027 feet.

COMPANY: Indigo Minerals LLC, cv ra su92; Hunter 26h, 004-alt: 246668. WHERE: Caspi­ana, S 26. T. 15N R. 15W. DAILY PRODUCTION: 7,724 mcf gas on 44/64 choke; 50 barrels 58 gravity condensate; 3,200 barrels water. PRESSURE: n/a lbs. SPECIFICS: Cotton Valley RA; perforations, 11,162-15,196 feet, depth, 15,306 feet.

COMPANY: Indigo Minerals LLC, cv ra su92; Hunter 26h, 005-alt: 246666. WHERE: Caspi­ana, S 26. T. 15N R. 15W. DAILY PRODUCTION: 7,507 mcf gas on 43/64 choke; 54 barrels 58 gravity condensate; 1,690 bar­rels water. PRESSURE: n/a SPECIFICS: Cotton Valley RA; perforations, 10,410-14,268 feet, depth, 14,430 feet.

DESOTO PARISH

COMPANY: Chesapeake Oper­ating Inc., ha ra su66; ChkRoyal­ty 30-14-12h, 002-alt: 246403.
WHERE: Caspiana, S 30. T. 14N R. 12W. DAILY PRODUCTION: 15,960 mcf gas on 22/64 choke; n/a barrels n/a gravity con­densate; 211 barrels water. PRESSURE: 6,692 lbs. SPECIF­ICS: Haynesville RA; perfora­tions, 12,621-17,046 feet, depth, 17,242 feet.

COMPANY: Chesapeake Oper­ating Inc., ha ra su66’ ChkRoyal­ty 30-14-12h, 003-alt: 246413.
WHERE: Caspiana, S 30. T. 14N R. 12W. DAILY PRODUCTION: 16,320 mcf gas on 22/64 choke; n/a barrels n/a gravity con­densate; 130 barrels water. PRESSURE: 7,158 lbs. SPECIF­ICS: Haynesville RA; perfora­tions, 12,432-16,916 feet, depth, 17,097 feet.

COMPANY: Chesapeake Oper­ating Inc., ha ra su66; ChkRoyal­tu 30-14-12h, 004-alt: 246414.
WHERE: Caspiana, S 30. T. 14N R. 12W. DAILY PRODUCTION: 10,464 mcf gas on 20/64 choke; n/a barrels n/a gravity con­densate; 67 barrels water. PRESSURE: 5,174 lbs. SPECIF­ICS: Haynesville RA; perfora­tions, 12,620-16,950 feet, depth, 17,141 feet.

COMPANY: EXCO Operating Co. LP, ha ra su105; Nabors 6, 004-alt: 246642. WHERE: Caspi­ana, S 6. T. 13N R. 12W. DAILY PRODUCTION: 9,812 mcf gas on 16/64 choke; 0 barrels n/a grav­ity condensate; 218 barrels water. PRESSURE: n/a SPECIF­ICS: Haynesville RA; perfora­tions, 12,797-17,114 feet, depth, 17,211 feet.

LINCOLN PARISH

COMPANY: Nadel and Gussman Ruston LLC, cv rb sub; Mattie Davis et al 12, 1: 247079.
WHERE: Choudrant, S 12. T. 18N R. 2W. DAILY PRODUCTION: 777 mcf gas on 12/64 choke; 5 barrels 58 gravity condensate; 40 barrels water. PRESSURE: 1,300 lbs. SPECIFICS: Cotton Valley RB; perforations, 10,857- 11,070 feet, depth, 11,400 feet.

COMPANY:WildHorse Re­sources LLC, lcv ra suq; LA Minerals 15-22h, 2-alt: 246950.
WHERE:Terryville, S 15. T. 19N R. 4W.DAILY PRODUCTION:16,939 mcf gas on 34/64 choke; 100 barrels n/a gravity con­densate; 1,930 barrels water. PRESSURE:3,900 lbs.SPECIF­ICS:LCV; perforations, 11,550-17,364 feet, depth, 17,472 feet.

COMPANY:WildHorse Re­sources LLC, lcv ra suq; LA Minerals 15 22h, 1-alt: 246866.
WHERE:Terryville, S 15. T. 19N R. 4W.DAILY PRODUCTION:14,136 mcf gas on 34/64 choke; 216 barrels n/a gravity con­densate; 1,200 barrels water. PRESSURE:3,100 lbs.SPECIF­ICS:LCV RA; perforations, 11,532-17,458 feet, depth, 17,552feet.

RED RIVER PARISH

COMPANY:BHP Billiton Petro (TxLa Operating) Co., ha ra suc; Sample et al 4h, 5-alt: 244889. WHERE:Thorn Lake, S 9. T. 14N R. 11W.DAILY PRODUCTION:8,503 mcf gas on 15/64 choke; 0 barrels n/a gravity condensate; 45 barrels water.PRESSURE:2,222 lbs.SPECIFICS:Haynes­ville RA; perforations, 12,861-17,408 feet, depth, 17,491 feet.

COMPANY:BHP Billiton Petro (TxLa Operating) Co., ha ra suc; Sample et al 4 h, 6-alt: 244890. WHERE:Thorn Lake, S 9. T. 14N R. 11W.DAILY PRODUCTION:8,900 mcf gas on 15/64 choke; 0 barrels n/a gravity condensate; 60 barrels water.PRESSURE:2,140 lbs.SPECIFICS:Haynes­ville RA; perforations, 12,398-16,934 feet, depth, 17,022 feet.

COMPANY:BHP Billiton Petro (TxLa Operating) Co., ha ra suc; Sample et al 4h, 7-alt: 244867. WHERE:Thorn Lake, S 9. T. 14N R. 11W.DAILY PRODUCTION:8,500 mcf gas on 15/64 choke; 0 barrels n/a gravity condensate; 80 barrels water.PRESSURE:2,310 lbs.SPECIFICS:Haynes­ville RA; perforations, 12,710-17,240 feet, depth, 17,335 feet.

Views: 982

▶ Reply to This

Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on March 9, 2014 at 7:31

By now someone should have calculated the BOED on the Wildhorse wells.

Permalink Reply by john goodday on March 10, 2014 at 7:14

Wildhorse's wells are really very nice - now showing a good amount of liquids as well as strong rates of gas from the Horizontal wells in the LCV.  From whom did they acquire this  field?  Any idea as to how much acreage they own and is it confined to Lincoln Parish?

Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2014 at 9:07

Acquired from Perohawk.  Sold to generate cash to chase the Haynesville Shale.  Terryville and Hico Knowles fields and some Ruston.  Calculated the BOED yet?

Permalink Reply by tc on March 10, 2014 at 9:20

1-alt = 923 BORED (Barrel of Oil Revenue Equivalent per Day)

2-alt = 947 BORED

I use 20mcf to 1bbl for conversion.  Using a 6 to 1 ratio is very misleading.

Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2014 at 9:30

tc, I was looking for BOED.  Never seen BORED.  On my mcf to boe calculator and with a little bump for the condensate reported I get ~4000 BOED.

Permalink Reply by john goodday on March 10, 2014 at 10:57

I bet Floyd Wilson would love to have the the Terryville, Hico Knowles fields back !  He had no luck in the Utica.  

How far can Wildhorse generate success in the horizontal LCV - outside of Lincoln Parish?

Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2014 at 11:09

They don't say.  As a private company they don't make presentations and rarely provide press releases.

Permalink Reply by tc on March 10, 2014 at 12:01

I can get to 3000 BOED.  16939mcf/6 = 2823bbl + 100bbl = 2923 BOE.

BORED is my own conversion to combat misleading NG wells posting BOE.  I also post on financial forums and you would be surprised how many people see 3,000 BOED and then slap a $100 per B and say this well is producing $300,000 a day in revenue, when the truth is closer to $90,000 a day.

If we are going to give Wildhorse credit for BOE, why not give credit to last weeks EnCana's Edgar Cason 35-26hc, 2-alt well that had a 3,525 BOE on only a 25/64 choke instead of Wildhorse's 34/64 choke.

Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2014 at 12:16

Barrels of Oil Equivalent per Day - BOED.  Just so those reading the discussion understand what we are talking about.  Oil Equivalent is not crude oil.  So yes, no $100 per barrel multiplier.  ECA's Edgar Cason is a dry gas well and I'll accept your conversion.  However BOED seems to be used more frequently these days owing to the rising number of "liquid" wells and the amount of media coverage focused on operators moving to "liquids" and away from dry natural gas.  This comes up from time to time and has been discussed in prior threads.  The Wildhorse wells are "liquid" wells.  I can post the Berry 25H state allowable report and the Indigo press release on the well if you'd like.

http://www.gohaynesvilleshale.com/forum/topics/awesome-cotton-valle...

Permalink Reply by tc on March 10, 2014 at 12:46

I just wish that the SEC would find or mandate a better way for companies to communicate production on these mixed product wells.  The NG to oil conversion of 6mcf to 1bbl  is a little outdated for financial reporting purposes. 

Permalink Reply by Skip Peel - Mineral Consultant on March 10, 2014 at 12:57

I agree.  Many press releases and corporate presentations leave the impression that operators stating production in barrel increments are referencing oil.  I think most casual observers think Eagleford production is all black oil when overall it's close to 40% condensate.  Some companies that truly have black oil production will sometimes state barrels and then add that 95% is oil.  Shale tends to produce light oil and condensate and varying percentages of NGLs.  It's hard to sort it all out even for those of us who look at it every day.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Looking Back At The Haynesville Shale - A Retrospective

Looking Back At The Haynesville Shale - A Retrospective
2 Pending Public Oil and Gas Hearings

Pending Public Oil and Gas Hearings
3 Arkansas Smackover Lithium Play

Arkansas Smackover Lithium Play
4 Aethon looks for Buyers of its Haynesville Assets

Aethon looks for Buyers of its Haynesville Assets
5 Notice Emails Are Back! Please review how they work.

Notice Emails Are Back! Please review how they work.
6 Comstock October Presentation

Comstock October Presentation
7 Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service