Samson has taken out a permit to drill 10,600 ft deep in 20n 12w sec 18. They did this before but let the permit expire. The pad is already there so im inclined to think they will eventually drill. Does anybody know how long a permit is good for? Does Samson have the ability to drill horizontally?
RS 30:28 (B) - A permit shall be valid for one hundred eighty days from the date of issuance and if the well or test well is not drilled within one hundred eighty days after the permit is issued, it shall be void and a new permit must be obtained upon the payment of an additional drilling permit fee.
It means you should be very interested in the results of this well. Samson will have to run a pipeline to this well to get it to market. If they'll go thru the trouble of running pipeline to this well you would think they would drill more wells to hook on to this pipeline all around it. Assumming they have the land leased and this well (wallace 18) is a winner. Also ive heard they can drill into two or more sections from the same pad if it is on the section line like this one is. The other side of hwy 162 is section 19.