Are we finally seeing the Austin Chalk activity we have been waiting for?
When you sign a lease, you will be held to the terms. So you give up some control but hopefully get some benefit and protection. If you are inexperienced, get help.
Panther Energy AC Opportunity Teaser
Attached is the three page teaser that was put out to promote this AC hz frac play acreage opportunity near the Tx / La state line. Some nice displays - note the log display that shows around 10% porosity in the Panther Energy area versus a much less porous AC interval in the EOG area in Avoyelles Parish.
Bids were due on this deal at the end of January.
Rockman would you mind sharing what the porosity of the eog avoyelles area is? I have heard it was very low but cant read the charts. Also interested in the Cromwell well area in rapides parish. Thank you for sharing your knowledge
Look at the three well logs in the west (Panther) to east (Avoyelles / EOG area) cross section. The column with "DPHI" is the density porosity column. There are four boxes in the DPHI track ranging from 0.3 (30%) to -0.1 (negative 10%).. The second line from the right (-0.1) is 0.0 or zero % porosity.
Note in the Lower Austin Chalk (which I know is the target zone that the EOG was drilled into), the line is basically on the zero % porosity line.
The middle well has the Lower AC DPHI sitting on the 0.1 (or 10% line) - this is good. The farthest west well has some Lower AC spots in the 4-5% range based on this one log.
Note that reservoir properties such as porosity can vary over short distances so one should not condemn or glorify any one area based on a single well log / porosity reading.
I am sure that any company chasing the AC play in this area has pulled as many well points as possible and accessed all available porosity logs and core data.
I don't have a log in the Cromwell area in Rapides Ph so I cannot comment on porosity in that area.
Thank you so much for your comments. I will add that to my notes so I won’t have to ask about that again. Great to have such knowledgeable people on here!
Crowell is 7%.
They liked their acreage so much they drilled zero wells to de risk.
Jay, who is MBI Oil and Gas, LLC out of ND? They have a lot of the BLM leases. Are they a broker or actual driller/production company?
MBI Oil and Gas, LLC is a well-established, locally-owned, emerging exploration and production company located in Belfield, ND. The company got its start in 2001 when long time Williston Basin player, Jim Arthaud, began putting together Williston Basin acreage. One of his early acreage packages included Elm Coulee, in eastern Montana. Once his position reached a critical mass, MBI Oil and Gas LLC was formed in 2008 with three employees. Today we have expanded our base with more local, technical personnel and in 2011 opened an office in Denver, CO.
Thanks Jay! Good to know they are a well established exploration company! I am in a BLM authorized lease unit for which MBI is the 100% lease holder. However my 66 acres is not leased.
that is from their website, so they wrote it--keep that in mind.