Replies to This Discussion

Permalink Reply by w.r. frank on May 24, 2009 at 16:00

Good point! IMO, one reason there is less current drilling in Bossier (which has some of the highest IP rates in the HS by HK in 16N, 11W) is that the Elm Grove field is a wonderful and prolific CV reservoir and many old leases perhaps did not have a vertical Pugh clause so they are HBP

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Permalink Reply by w.r. frank on May 24, 2009 at 16:48

Recent CV horizontals in Elm Grove are very good at less cost AND so far the decline rates appear to be much lower than HS projections. IMO, decline rate is the MAJOR unknown in really getting a handle of HS EUR.

It will all end up being a financial analysis decision, but CV seems to be losing. XCO seems to be moving swiftly to a HS play, after initially seeming to be loyal to the CV (Winchester legacy). Of course, when you drill five HS wells in Desoto with a average IP of 22+ mmcfd, it will cause you to re-evaluate!

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Permalink Reply by The_Baron on May 26, 2009 at 3:38

The sweet spot is under my house.

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Permalink Reply by P.G. on May 26, 2009 at 5:12

Are they drilling in the actual sweet spots or simply where it's the least hassle? What will drilling costs and potential lawsuits be, pipeline costs, etc., when they start drilling in near more urbanized areas?

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Permalink Reply by The_Baron on May 26, 2009 at 5:18

There are sweet spots. Are they drilling in them now? Only time will tell.

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Permalink Reply by Grillin' - MmmMmm on May 26, 2009 at 5:39

I also think you may find "core area" or "sweet spot" changing over time. In the Barnett, there was, for a long time, the Core Area in the Wise, Tarrant, Dallas counties. Then, improved technology and horizontal wells allowed us to drill and complete wells without a Viola seal barrier and BINGO! Johnson County becomes a major producing area. As more wells are drilled and more information is gathered, the sweet spot in the HS may increase in size, or contract or change shapes. Just too early to tell!

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Permalink Reply by Mattie on May 26, 2009 at 6:43

So is the southern 2 Tshps of Desoto Parish now considered out of the hottest part of the play? If so, could someone provide any info as to the success of the latest SWEPI wells in 10N-12W and the CHK wells in 11N-13&14W?? Seems like a lot of continuous drilling in this area for it not to be considered at least as a "good play" if not "sweet spot".

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Permalink Reply by The_Baron on May 26, 2009 at 9:26

Companies will drill where they have leases. The "sweet spots " will emerge over time as we get production data.

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Permalink Reply by Grillin' - MmmMmm on May 26, 2009 at 13:57

Agree fully Baron. Because there is absolutely no need to get new gas volumes on the market right now, they'll focus their time on drilling where it a) helps with their lease expirations, and b) where they think they can prove/disprove the productivity of areas where they are heavily leased. Maybe see some more "science experiments" to help evaluate areas prospectivity. That way they can wade through which of their acreage is of value and what acreage they can let expire. Most companies lease a lot more acreage than they can actually drill, knowing that some of it will prove to be goat pasture while other parts are sweet! The quicker you can find the sweet spots and separate them from the goats the better.

If prices were higher I think you'd see all of this going in hyper mode; right now we are stuck on 33-1/3 (for all of those who remember long play albums (LP's).

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Permalink Reply by w.r. frank on May 26, 2009 at 15:37

We will see who has longest (or oldest if you see it that way) CUB memoriesr

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Permalink Reply by Skip Peel - Mineral Consultant on May 26, 2009 at 16:00

Century? On Youree? Don't recall it. But Sooto's on E. Kings Hwy, now that's a different story. And right down the street from the Christian Union Building. LOL!

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Permalink Reply by Skip Peel - Mineral Consultant on May 27, 2009 at 7:08

Jay. Do you remember when the corporate office of Thrifty Liquor was upstairs at the CUB?

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