Replies to This Discussion

Permalink Reply by Rock Man on August 10, 2018 at 14:42

Unless I am way off base, this is Marathon. Southwind was just created about 3 months ago and address is the MRO headquarters on San Felipe in Houston

Permalink Reply by Skip Peel - Mineral Consultant on August 10, 2018 at 14:47

I think you are correct, Rock Man.

Permalink Reply by Craig Wascom on August 10, 2018 at 17:17

Skip does the pace seem to be picking up or is it just my imagination?

Permalink Reply by Skip Peel - Mineral Consultant on August 11, 2018 at 2:12

From the standpoint of forming new AUS C drilling units, yes.  Late comers have had to secure their leases before this step.  Keep in mind that a unit application, when approved, does not require any wells to be drilled.  After the unit is approved spacing must be approved in a separate application since these are horizontal wells and there are rules on where they can be located within the unit boundary.  Then, finally, a well permit to drill must be granted.  The first two steps require notice to Interested Parties, the last does not.  What has not picked up yet is actual permits to drill.  When you start seeing those hit the database, the exploration phase will be underway and rigs should be moving in soon thereafter.

Permalink Reply by Skip Peel - Mineral Consultant on August 11, 2018 at 6:35

Not predicting a stampede.  If each AC player brings in one rig to attempt to de-risk their acreage, that will be plenty to start.  They obviously are not put off by EOG's actions.  Since this may very well be a "sweet spot" play, one less than economic well is not the end.  Just the beginning.

Permalink Reply by littleasy on August 11, 2018 at 9:19

Is there any more clarity concerning EOG’s intentions, West or East, after the Eagles Ranch “Science Well” performance to date???

Permalink Reply by Skip Peel - Mineral Consultant on October 27, 2018 at 3:09

Helmerich & Payne Rig #507 on the Crowell LM 30 #1 reported 15 days Drilling Ahead with no reported depth in the weekly rig report, Friday Oct. 26.

Permalink Reply by Lisa Melder-Johnson on October 29, 2018 at 13:55

Rig sign was still there 2 days ago.

Permalink Reply by Skip Peel - Mineral Consultant on November 3, 2018 at 2:36

H&P Rig #507 reported  22 days Drilling Ahead  on the Crowell LM 30 #1 on 11/2, no depth reported.

Permalink Reply by Skip Peel - Mineral Consultant on November 10, 2018 at 2:16

H&P Rig #507 reported 29 days Drilling Ahead on the Crowell LM 30 #1 on 11/9, no depth reported.

Permalink Reply by Hydrocarbonite on November 10, 2018 at 11:11

Thx Skip,  sonris has it at 14,915 MD going to 16,005 MD for deepest vertical listed on  well profile. Pretty quick depth in 29 days drilling would you say?

Permalink Reply by Skip Peel - Mineral Consultant on November 10, 2018 at 11:36

Hydro,  I just don't know.  Maybe Rock Man can give us an opinion. 

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