Replies to This Discussion

Permalink Reply by john wesleypowell on October 30, 2014 at 8:09

whats the lastest news on this well

Permalink Reply by Skip Peel - Mineral Consultant on October 30, 2014 at 8:15

John, I won't have any news until the weekly rig report comes out on Friday.  If it's late in the evening, as it often is, I will update all the TMS wells on Saturday morning.

Permalink Reply by Skip Peel - Mineral Consultant on November 1, 2014 at 3:53

Trinidad Drilling 124 reported Spud 10/16, 16 days Drilling Ahead 10/31.

Permalink Reply by Steve on November 3, 2014 at 3:04

"Encana Mathis 29-17H-1, located on the same pad as Mathis 29-32H-1 off of Bean Road west of Gillsburg in south Amite County. Trinidad Rig # 124 spud October 17. Surface casing is in place and intermediate should be by early next week" - as of Friday Oct. 28  per Bernell McGehee of Liberty,Ms.

Permalink Reply by Skip Peel - Mineral Consultant on November 9, 2014 at 13:25

Trinidad Drilling 124 reported  23 days Drilling Ahead 11/7.

Permalink Reply by john wesleypowell on December 3, 2014 at 16:22

What's the latest update on this well

Permalink Reply by Kevin Raybourn on November 10, 2014 at 13:04

Being on the same well pad , does this mean the same land is involved in this well as the first Mathis well. Or just some of it ??? 

Permalink Reply by Skip Peel - Mineral Consultant on November 10, 2014 at 13:19

No.  The wells are drilling two separate units.  It is common for a pad to have horizontal wells drilling in different directions.  One unit is made up of lands in Sections 17 and 29 (well drilling north) and the other unit is Sections 29 and 32 (well drilling south).  It is possible that a tract could be split between the two units but that would not be the "same land" strictly speaking.

Permalink Reply by Kevin Raybourn on November 10, 2014 at 15:15

After I asked ,I looked up the maps and noticed the pad was close to the line of two units....I see a lot of this in Miss. on the maps.....I hear the first Mathis is a good well.. 

Permalink Reply by Skip Peel - Mineral Consultant on November 10, 2014 at 15:35

One of the advantages of an unconventional reservoir is the ability for an operator to use common infrastructure for multiple wells and to develop by pad drilling.  The Mathis 29-32H produced 1300 BOED (92% OIL), with a ~6,400' lateral and 17 frac stages.  If there are no problems the Mathis 29-17H should be a little better well.

Permalink Reply by Kevin Raybourn on November 10, 2014 at 15:46

 A Mineral Owner in the first Mathis told me that  their first royalty check was an exciting one.....

Permalink Reply by Skip Peel - Mineral Consultant on November 10, 2014 at 15:55

First checks are the highest for two reasons:  they represent the well's best production and they are for more than a month of production.  A first check will be for more than the usual 30 or 31 day period.  It can often be for a couple of months.  Shale wells deplete rather quickly.  Monthly payments will decrease accordingly.

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