Replies to This Discussion

Permalink Reply by tony allen on April 19, 2012 at 21:12

Thanks for the info North. Do you know why SWN would set up 2400 bbls of storage capacity on the location? I read they had a contract with Plains for the oil purchases. I believe  Plains closest point of delivery is Cotton Valley La. which is less than 40 miles from the well. Why does SWN need that large amount of on site storage capacity ?

Permalink Reply by North LA on April 20, 2012 at 1:48

I don't know Tony but I'll keep everyone informed with what I hear.

Permalink Reply by Bradley McWilliams on April 20, 2012 at 15:35

Just a guess, but from what I have seen of SWN, they typically error on the side of safety.  IF the well is indeed making 800 bbl per day, then you are only talking three days of storage.  Icy road, flooded creeks, a trucking company all of a sudden getting ten times the call volume, or who knows what could make the extra storage a good investment.  An extra tank probably cost $10,000.  A large spill could cost ten times that or more...

Permalink Reply by Robert H. Nunnally on April 21, 2012 at 1:49

I think the extended period that these wells require to return the load fluids provides an opportunity for the engineers to make an error in abandoning too soon. Of course,one can examine the returned fluid to get an indication of whether it is formation water or not. It makes one wonder about the Devon Well.

Permalink Reply by Chris Huff on April 23, 2012 at 12:28

I was at the Garrett site early Sat morning and I can confirm that they have 8 - 400bbl stock tanks on site.

Permalink Reply by North LA on April 22, 2012 at 14:43

Newest **rumor** from same source is that a major oil and gas supplier is looking for a substantial amount of acreage and is willing to sign a 10 year lease. We thought it may be for a supply yard. This is a rumor but it is a positive one so I wanted to share it. I think we should have some concrete info with the next conference call.

Permalink Reply by ROBERT STEVENS on April 22, 2012 at 14:52

Do you know the area?  I know of about 900 acres at Lisbon, La.

Permalink Reply by North LA on April 22, 2012 at 15:06

Don't know any other specifics.

Permalink Reply by rmc020 on April 22, 2012 at 15:54

When is the next conference call? May 1?

Permalink Reply by obed w odom on April 22, 2012 at 16:51

Friday, May 4, at 9:00 AM CDT.

Permalink Reply by North LA on April 24, 2012 at 3:11

Newest rumors:

I was wrong on the Roberson in that the rig was not a recompletion rig but most likely a rig that drills out remaining plugs. There are also reports of four 400b tanks on the site.

 

Was told that SWN and Mueller will release the true production numbers for Roberson and Garrett on either the 4th or the 9th and was told the numbers will astound many. Now they could be astoundingly high or astoundingly low. I'm hoping for the former but we'll have to wait and see.  Regardless, I think we'll have a true picture of the production capacity of the Brown Dense soon.

Permalink Reply by North LA on April 24, 2012 at 3:50

Reports from a friend that there are offers of $500/acre bonus in Claiborne Parish and Columbia County. He didn't know royalty %.

 

With all of these rumors I feel like one of those embedded reporters during Iraqi freedom, but in a good way.

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