Prime Rock permits Crosby 33 H #1, Masters Creek Field, Rapides Parish - GoHaynesvilleShale.com2024-03-29T09:34:32Zhttps://gohaynesvilleshale.com/forum/topics/prime-rock-permits-crosby-33-h-1-masters-creek-field-rapides?groupUrl=austinchalk&xg_source=activity&feed=yes&xn_auth=noInitial rates not surprising…tag:gohaynesvilleshale.com,2021-08-10:2117179:Comment:39912272021-08-10T02:25:32.957ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Initial rates not surprising - massive water volumes.</p>
<p>Issue here as in similar AC wells like this will be the decline profiles for O&G production versus water production. The high initial O&G rates will be kicking off $45-$46,000 net per day (assuming 25% royalties). This does not include LOE for SWD. Drilling and equipping 1 or 2 SWD's to handle this much water is a costly operation - but the only way to come close to even thinking about making money out here.</p>
<p>Based on…</p>
<p>Initial rates not surprising - massive water volumes.</p>
<p>Issue here as in similar AC wells like this will be the decline profiles for O&G production versus water production. The high initial O&G rates will be kicking off $45-$46,000 net per day (assuming 25% royalties). This does not include LOE for SWD. Drilling and equipping 1 or 2 SWD's to handle this much water is a costly operation - but the only way to come close to even thinking about making money out here.</p>
<p>Based on what I have seen in other low oil cut producing reservoirs (and here it is only 21-22% oil cut), the oil and gas volumes will tend to drop over time while the water either stays flat or increase. And even if the water rate drops, I highly doubt that we will see an increasing oil cut in time - odds are, we will see decreasing oil cut which my be in single digit percent range in near future.</p>
<p>Remember that O&G are the anomally fluids in the reservoir - water is the "host" and dominant fluid. O&G are the minor components with more limited volumes.</p>
<p>Even at a post royalty (but pre LOE and Pre SWD costs) net cash flow of $45,000 per day, it will take some time to pay out this operation.</p>
<p>I haven't seen final well costs here but let's assume $15 Million. Plus another $2 Million for SWD wells and gathering / injection facilities. At flat O&G production (and that won;t happen), one is looking at over a year for the wells to pay out (non discounted economics). This time frame isn't that bad IF (stress IF) the O&G rates stay high. . .</p>
<p>Suggest those who are interested keep an eye on production rates over time here.</p>
<p>But in the meantime, the royalty owners will be getting some nice checks out here.</p> Thanks for the heads up, Lisa…tag:gohaynesvilleshale.com,2021-08-09:2117179:Comment:39911562021-08-09T19:21:47.393ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Thanks for the heads up, Lisa. I'll post a link to the well file below and a cut-and-paste of the Initial Production data. This landman's perspective is that the oil production, gas production and pressures look good but once again the produced water is a drag on economics. Rock Man is on the road but we ought to hear his opinion when he gets a chance to log in to the website.…</p>
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<p>Thanks for the heads up, Lisa. I'll post a link to the well file below and a cut-and-paste of the Initial Production data. This landman's perspective is that the oil production, gas production and pressures look good but once again the produced water is a drag on economics. Rock Man is on the road but we ought to hear his opinion when he gets a chance to log in to the website.</p>
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<p><a href="https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2">https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2</a></p>
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<table>
<tbody><tr><td><p>07/05/2021</p>
</td>
<td><p>10</p>
</td>
<td><p>20466</p>
</td>
<td><p>15650</p>
</td>
<td><p>COMPLETED AS OIL WELL IN AUSTIN CHALK W/976 BOPD; 3557 MCFD; 5400 FTP; 2500 CP; 24/64" CK; 3578 BWPD; 78% BS&W; GOR 3644 CF/BBL; GVTY 51 API @ 60F; PERF: 14643-20391</p>
</td>
</tr>
</tbody>
</table>
<p></p> Looks like new postings on So…tag:gohaynesvilleshale.com,2021-08-09:2117179:Comment:39910442021-08-09T17:31:33.199ZLisa Melder-Johnsonhttps://gohaynesvilleshale.com/profile/LisaPoche
Looks like new postings on Sonris for this well.
Looks like new postings on Sonris for this well. Glad to see that they got lat…tag:gohaynesvilleshale.com,2021-05-08:2117179:Comment:39824202021-05-08T17:33:21.463ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Glad to see that they got lateral to TD and got casing set.</p>
<p>Only have a 5779' long section of lateral to frac / complete here.</p>
<ul>
<li>On comparison, operators in other unconventional horizontal plays are drilling 10,000' in their sleep and now regularly getting 15,000' laterals drilled and completed.</li>
<li>With 20,000' laterals coming soon (if not already!)</li>
</ul>
<p>Anyway, based on the work permit details, 30 frac stages so planning for 193' long completion stages. That…</p>
<p>Glad to see that they got lateral to TD and got casing set.</p>
<p>Only have a 5779' long section of lateral to frac / complete here.</p>
<ul>
<li>On comparison, operators in other unconventional horizontal plays are drilling 10,000' in their sleep and now regularly getting 15,000' laterals drilled and completed.</li>
<li>With 20,000' laterals coming soon (if not already!)</li>
</ul>
<p>Anyway, based on the work permit details, 30 frac stages so planning for 193' long completion stages. That is good - the tighter the completion zone, the better.</p>
<ul>
<li>500,000# proppant per stage works out to close to 2600# per foot of frac'd interval - very intense approach.</li>
<li>The acid used is just a clean up effort to make sure perforations are open and some initial etching of the carbonate reservoir is initiated. .</li>
<li>Frac fluid volumes of 44 bbls per foot also high.</li>
</ul>
<p>Big money going into this frac job. Results will be interesting as to O&G volumes..</p>
<p>Operator is expected a LOT of water (as am I) - ergo the SWD well being drilled. </p> Prime Rock received a work pe…tag:gohaynesvilleshale.com,2021-05-08:2117179:Comment:39824782021-05-08T13:53:09.105ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Prime Rock received a work permit on 5/4 for the following:</p>
<p></p>
<p>PRESSURE TEST CSG. PERFORATE FROM 20,414'-14,635'. HYDAULIC FRACTURE IN 30 STAGES W/1500 GAL OF ACID, 500,000 LBS OF SAND & 8,500 BBLS OF WATER PER STAGE.</p>
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<p>Additionally, the Prime Rock Crosby SWD #2 was spud on 5/3.</p>
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<p>Prime Rock received a work permit on 5/4 for the following:</p>
<p></p>
<p>PRESSURE TEST CSG. PERFORATE FROM 20,414'-14,635'. HYDAULIC FRACTURE IN 30 STAGES W/1500 GAL OF ACID, 500,000 LBS OF SAND & 8,500 BBLS OF WATER PER STAGE.</p>
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<p>Additionally, the Prime Rock Crosby SWD #2 was spud on 5/3.</p>
<p></p> 3454' in a week / finally got…tag:gohaynesvilleshale.com,2021-04-24:2117179:Comment:39809372021-04-24T15:49:20.881ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>3454' in a week / finally got into drilling groove. Should be at TD by next week's report.</p>
<p>Looking forward to seeing the final drilling and completion costs for this well once it is posted</p>
<p>3454' in a week / finally got into drilling groove. Should be at TD by next week's report.</p>
<p>Looking forward to seeing the final drilling and completion costs for this well once it is posted</p> Ensign rig 777 reported 36 da…tag:gohaynesvilleshale.com,2021-04-24:2117179:Comment:39810082021-04-24T14:25:31.889ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Ensign rig 777 reported 36 days drilling ahead at 18,780' on 4/23. 3000' to go if drilled to permitted MD.</p>
<p>Ensign rig 777 reported 36 days drilling ahead at 18,780' on 4/23. 3000' to go if drilled to permitted MD.</p> 839' in a week - way slow / s…tag:gohaynesvilleshale.com,2021-04-19:2117179:Comment:39806122021-04-19T18:24:06.900ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>839' in a week - way slow / should be in the horiztonal part of the hole.</p>
<p>Good hz drilling progress is 1000'+ per day</p>
<p>839' in a week - way slow / should be in the horiztonal part of the hole.</p>
<p>Good hz drilling progress is 1000'+ per day</p> Ensign rig 777 reported 29 d…tag:gohaynesvilleshale.com,2021-04-19:2117179:Comment:39807102021-04-19T18:20:29.050ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
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<div class="description" id="desc_2117179Comment3979840"><div class="xg_user_generated"><p>Ensign rig 777 reported 29 days drilling ahead at 15,326' on 4/16.</p>
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<div class="description" id="desc_2117179Comment3979840"><div class="xg_user_generated"><p>Ensign rig 777 reported 29 days drilling ahead at 15,326' on 4/16.</p>
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<p></p> Just checked the details in S…tag:gohaynesvilleshale.com,2021-04-10:2117179:Comment:39798502021-04-10T19:54:17.230ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Just checked the details in SONRIS - as of 4/1 report, they had already set 7" casing and swapped out to OBM and were drilling ahead in the curve to get to the lateral.</p>
<p>So only less than 700' in a week means (to me) that they are having some issues out there.</p>
<p>Just checked the details in SONRIS - as of 4/1 report, they had already set 7" casing and swapped out to OBM and were drilling ahead in the curve to get to the lateral.</p>
<p>So only less than 700' in a week means (to me) that they are having some issues out there.</p>