Are we finally seeing the Austin Chalk activity we have been waiting for?
https://www.oilandgasinvestor.com/amelia-resources-louisiana-austin...
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...
Tags:
Skip, do you see any new permits for Cheneyville area, I heard there are some in works?
Doug, you (and all the members following the AC) should learn to check permits for yourself. It is quite simple. Use the link below. Enter the dates you wish to review and search. Each permit will have links in blue that will tell you the field and the operator in addition to the printed data. Give it a try and let me know if you need any help.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_allpmtwels1
Skip, I've lost my link to the weekly scout reports. I can't seem to find it on any of DNR's menus. Any help would be appreciated.
Look under Well Information.
Thanks Skip, I finally found the right link to click on. Thanks again.
You're welcome, Joe.
At $40 bbl, does drilling in the Gulf and onshore plays like the LA Austin Chalk make economic sense? Recent articles suggest it does given improvements in technology. Given a 5-6 year window can the large leasehold in Central LA be adequately assessed and produced?
Oil sinks 1.3%, settling at $64.38, as US crude stockpiles rise and geopolitical risk fades https://www.cnbc.com/2018/03/28/oil-is-breaking-down-as-us-crude-st...
Louisiana Light Sweet (LLS) is at $67.56. That is what AC oil should be classified as. It usually runs 1 to 5 dollars ahead of WTI.
LLS gets some good prices, but keep in mind that a deeper, higher pressure and more thermally mature play like what the Louisiana AC will be will have a large portion of its cash flow tied to natural gas and NGL's.
And any quoted commodity prices are "pre fees" - transportation, processing, marketing, etc.. All of which negatively impact the bottom line of the operator.
e.g. the $67.71 per bbl of LLS may only net "$50 to $55 for the operator.
And if mineral owners don't have the proper clauses in their leases to prevent such fees from being deducted, royalty checks will be negatively impacted too.
<if mineral owners don't have the proper clauses in their leases to prevent such fees from being deducted, royalty checks will be negatively impacted>>>
How is a lease best worded to exclude post-production costs from being deducted from royalty?
I have been studying that, and it's a real humdinger. One little flaw and you're out of the game.
This Louisiana court action is informative:https://scholar.google.com/scholar?scidkt=8456257913326940109&a...
It is for reasons like this that one needs to use a GOOD O&G lawyer. I cannot recommend one for Louisiana (or anywhere else) - the one I used in Texas years ago passed a few years ago.
That's why you need an experienced O&G attorney/firm.
386 members
455 members
440 members
400 members
244 members
149 members
358 members
63 members
119 members
8 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs 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 |
Links |
Copyright © 2017 GoHaynesvilleShale.com