Replies to This Discussion

Permalink Reply by Old Scout on June 8, 2019 at 2:16

The Fairfield shoot is for multiple plays. A/C, Wilcox, TMS, etc.

Permalink Reply by Rock Man on June 8, 2019 at 10:05

You still have to be able to have each play - AC or TMS - be able to stand on its own economically. Things like 3D and acreage costs are the "minor" points - it is the individual D&C costs for each well that need to be "Carried" by the O&G EUR's in each target interval.

Permalink Reply by Lisa Melder-Johnson on June 8, 2019 at 10:29

Still very interesting to see where all this leads.  Thanks guys!  Gives me a better understanding of it all.

Permalink Reply by Skip Peel - Mineral Consultant on June 7, 2019 at 1:21

According to Kirk's blog, this shoot is for Marathon.

Permalink Reply by Old Scout on June 7, 2019 at 1:26

Fairfield goes on to say, “This area has attracted attention from numerous oil and gas majors and large independents and is expected to be the anchor for additional survey growth", implying there's more to come.

Permalink Reply by LBP on June 7, 2019 at 1:38

I understand that they are planning additional work to the east where COP and EOG are active.

Permalink Reply by Rock Man on June 7, 2019 at 2:02

Based on these comments, I can see MRO paying bulk of cost for this survey and having a proprietary period before CGG opens it up for sale to others. Probably a minimum number of square miles for any data purchases. My ball park estimate for this survey is $50 to $60 thousand per square miles (permitting thru processing).

Permalink Reply by Old Scout on June 7, 2019 at 4:10

I think if you use $100k/sq mi or even $50k/sq mi (and 640 acres/sq mi) as compensation to landowners, you might be disappointed.

Permalink Reply by Rock Man on June 7, 2019 at 5:29

Those numbers are for the 3D -not landowner compensation for permitting and damages.

Permalink Reply by Lisa Melder-Johnson on June 10, 2019 at 8:56

If I am understanding correctly, the map that Amelia Resources has on it's latest blog regarding the CGG and Fairfield 3D Seismic Shoot shows both blue box of 3D outline plus it has in green what is suppose to be the Marathon Acreage.   Question I have is the green outline area to the north & west of blue box is mostly BLM land that is actively leased by MBI out of ND.   So is MBI & Broussard out of Lafayette tied to or with Marathon?   If you go to www.thedrillings.com, you can look BLM leases, drilling units, active or not & who is associated with them.

Permalink Reply by Lisa Melder-Johnson on June 25, 2019 at 3:47

Why so many different maps as to the boundaries of this new CGG 3D shoot.   Amelia Resources has one, LA Wild Life & Fisheries & Sonris GIS all have different ones.   Also companies associated with it is CGG, Geotechnologies & then SAExploration.   Amelia has first 2 companies tied to it & SONRIS has 3 company tied to permit which was issued/applied for back in 2/2019.   Not sure if this is all to put miss information out there on purpose or not.   Also some maps shows the west boundary line as at Allen-Evangeline Parish Line & some shows in more westward over into Allen Parish.   Any ideas Guys & Gals?

Permalink Reply by Lisa Melder-Johnson on June 25, 2019 at 6:37

Would be a lot of money spent to de-risk this area that is for sure.   Also the timelines of the 3D completion is up in the air too.   some saying 10/18 to 10/19, then others say will not be complete until 3/20.   Some say Evangeline Parish was done last year, but he permit that Exploration got has not issued until 2/19.   After all this is complete will tell the tell. 

I am just outside to the NW of 3D map on some, some in & in on the Amelia Resources Marathon Area, but private land around me is not leased only BLM.   Just wondering if these BLM Lessees are actually Marathon.  I do believe that one of the contacts on the Louisiana WLF 2D press release from 2018 has interest in the 251222 Gordon well that was drilled as a prescribe well.   Possible CGG employee.

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