This has been touched on a little bit lately, but I believe it deserves a great deal more attention. I have seen Chesapeake and other operators cussed and discussed on this web site hundreds, maybe thousands of times. However, the one operator that few people talk about, but should probably have more disdain by the mineral owners of Northwest Louisiana IMHO is Shell Oil, you know......ROYAL DUTCH SHELL.......one of the largest international oil companies in the world.......probably the company with the deepest pockets of any company operating in the Haynesville....you know......that company operating under the code name SWEPI ( if I had their track record, I'd want a code name to operate under too) We have 10,000 or so members on this web site. I'd like to pole the membership to find out how many members (and non-members too for that matter) have actually received a royalty check from this company. I would like to know how many members are proud of leasing to
Swepi. I would like to hear from the folks who are happy with the way Shell Oil is developing their mineral estate. I would like to hear from people that think taking over a year to lay a pipeline to a well in their section is a bit much since the other operators seem to be able to do it in a matter of weeks. I would like to hear from folks who think it is rediculous to take 4-6 months to drill a Haynesville well, while he other operators have cut the time to drill down to 40-45 days. I would like to talk to a mineral owner who doesn't think that Sir whatever his name is over in Europe should fire the whole team in charge of the Haynesville and replace them with a group who has some idea what they are doing. My personal perspective is that Shell (SWEPI) should either get serious about developing the Haynesville or sell it to Encana and get the hell out. Who out there even knows where Shell's Field office is anyway? Do they even have one? I've never walked a picket line in my life, but in an effort to embarrass this large International Oil Company based on their incompetence, I'd be willing to walk that one!..............if I knew where they were!
Les B thanks for info. I had heard of that but just sounds weird way to do business. I have another kicker to the story for you. I'm leased to Will Drill and had emailed them to see what was going on. Received a call from them around noon today. They have no ideal of whats going on and Forest Oil had call them also trying to find out. Sounds like something cut throat going on maybe not it sounds funny.
Les B receive first check May 24th for well 204249 from Encana. SWEPI rig moved in on Dec 28,2009. Almost 150 day that dont sound to bad time wise. Now will see about Shell getting us a check , if we get one from them too. My lease was with Will Drill, Questar bought some leases from them but Will Drill reserve wells in production and in progress. Two other well is my section around 10-11000 ft. What Will Drill did not reaize is that Questar had it fixed where they would get the deep stuff. Then Questar and Encana/SWEPI worked something out on the payments. Sounds like dog eat dog world. Cannot trust anyone seems like.
Shell is drilling the well in Jack Blakes section (T 10 N, R 11 W, Section 21). Jack hopes they can drill the well as good as they built the pad. They sure did build a nice pad! A good thing about Shell drilling the well is they have lots of money.
Maybe they will take the approach of choking the well back to avoid damaging the completion/formation.
Jack has worked in offshore ouil production since he was a wee little lad and saw right away that pulling a well hard will kill it quicker. Why the hell can't the oil companies see this! Jack thinks they can't see it, but they would rather have 10 dollars today than have 25 dollars tomorrow.
Jack Blake would rather the 25 dollars tomorrow. Maybe he is just to simple minded.................................
Long live the HS shreiked Jack Blake!!!!!!!!!!!!!!!!!!!!!!!!!!!1
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More