Replies to This Discussion

Permalink Reply by Spring Branch,mineral owner on September 14, 2009 at 4:05

City of Shreveport

Permalink Reply by Skip Peel - Mineral Consultant on September 14, 2009 at 4:09

There are no orders because there have been no applications. Keep in mind that the bulk of this township in densely populated, suburban/exurban in nature. It is highly perspective for the HS but difficult and expensive to develop. Many more landowners per surface acre (high cost for land services), higher costs to build infrastructure, less surface acres suited to infrastructure, more potential for complaints from neighbors, etc., etc., etc. Development of densely populated areas will probably be put on hold or proceed slowly in isolated areas (Petrohawk's Hamel well for example) until the price of natural gas makes these more costly wells practical.

Permalink Reply by The_Baron on September 14, 2009 at 4:59

not to mention the new urban rules. Also the threat of overregulation by the City.

Permalink Reply by JeffNParis on September 15, 2009 at 0:57

Skip,
Why is it taking them so long to unitize Section 6 of 15N 15W? Any idea?
Jeff

Permalink Reply by Skip Peel - Mineral Consultant on September 15, 2009 at 3:02

JNP. Section 6 is not HBP (Held By Production) so the answer probably lies with the leasing situation in this section. It's a very prospective area and would have been unitized and/or drilled prior to now if leases were approaching expiration. This is Chesapeake's original core acreage and AOI (Area Of Interest). Without doing a lease analysis for Section 6, I can only guess that the leases in this section still have ample time to expiration and that the company holding the superior lease position (most likely Chesapeake) has sufficient time remaining to spud a well.

Permalink Reply by Henry on September 15, 2009 at 3:13

For JeffNParis -- Be happy that you aren't being drilled now. Gas is soooo low. Prices may be better if you wait a year.

Permalink Reply by JeffNParis on September 15, 2009 at 11:06

Henry,
Thanks. I'm happy!
Jeff

Permalink Reply by JeffNParis on September 15, 2009 at 11:05

Thanks Skip. You're right. Our lease doesn't run out for about a year. I guess CHK is running around drilling everywhere else before leases run out. I think there was a holdout street in our section that just signed a month or two ago. So that's another reason why they were probably not in a rush to unitize and drill.

Do we know how much wells are producing near Section 6?

Ok...I'll be quiet about this for a while and be patient!

Permalink Reply by Skip Peel - Mineral Consultant on September 15, 2009 at 11:16

Nearby Chesapeake wells have had IP's in the 8 MMcfd to 11MMcfd range with Flowing Pressures around 6.000 psi on chokes of 20-22/64" .

Permalink Reply by JeffNParis on September 15, 2009 at 12:55

Skip,
Aren't these numbers low compared to wells I've seen producing 15-20 MMcfds? Any reason why the numbers are lower or is just the choking back?
Jeff

Permalink Reply by Skip Peel - Mineral Consultant on September 15, 2009 at 13:08

They certainly won't make Les's HA HoF well list but they are early efforts in an area that Chesapeake considers it's core leasehold. I wouldn't be too concerned. If you wish to search for completions that are somewhat further from your section, see the new SONRIS Help Center Group. Or better yet, set up your own tracking township grids and update them on a regular basis. That allows you to set your own tracking parameters. Once you have set up your own tracking system, it takes only about 15 minutes once a week to update it.

Permalink Reply by JeffNParis on October 6, 2009 at 5:43

Skip,
FYI: CHK is unitizing S6 of 15N/15W as well as the section just south it. I can't remember the number of that section but we got a notice on that one too. Finally!
Jeff

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