Replies to This Discussion

Permalink Reply by North LA on June 20, 2013 at 15:32

If it's a failure then so be it. Life goes on and I thank God for what I have. If it's a boom then that will be great also. Either way I want to continue to share info with others on this site so everyone can try to make an informed decision one way or the other.

Permalink Reply by 2p6y7ycljui0u on June 20, 2013 at 15:59

Well said and the way it should be. I hope it is great but like you, I am glad to have the opportunity to observe it play out. 

Permalink Reply by tony allen on June 20, 2013 at 18:33

 No one knows if the LSBD will be successful or not. Whiting did not quit leasing, if that is the case, due to their experience with the LSBD in the Jackson well. They have not reached the LSBD. Let Whiting drill a few more wells and we will know more.

Analysts like SWN's stock because of their low production cost in the their gas plays. Mueller said the LSBD was a 50/50 proposition at best. That is not much hype. Whiting has made no statements about the LSBD. Neither has ANKOR but both have taken positions in the play after seeing SWN's poor results

I still don't understand the "Cotton Valley curse". It might be the "Cotton Valley cure " if the LSBD is a bust.

Permalink Reply by tony allen on June 20, 2013 at 18:46

shale player, I know you have a confidentiality agreement but can you tell me which bar the SWN guys go to drown their sorrows and discuss the LSBD's complete failure?  Is it in Conway or Houston?

Permalink Reply by 2p6y7ycljui0u on June 21, 2013 at 1:05

Yes, I know why the stock analyst rate SWN highly though your initial post made it seem it was somehow related to LSBD. The key to confidence in LSBD would be an industry investor in the SWN part of the play and that has not materialized. Most of the hype and hope has been on this board.

WLL has ceased leasing. Three twist offs would double the cost of drilling the initial well, at least. I understood they had to rebore multiple times. No body knows, but I think that would put a dent in the capital budget for what was going on. Then again, maybe they operate like SWN. 

Permalink Reply by tony allen on June 21, 2013 at 3:13

I did not mention the LSBD in my initial post. I just posted a "fact" not a so-called over heard rumor. As you said, no "confidence" in the LSBD, therefore no equity value in SWN stock.

Whiting has had problems but it has nothing to do with the LSBD. They have not even reached the SMK. Three twist offs, double drilling cost, multiple rebores, capex budget dented? No more leasing due to Jackson well shattering budget? Cotton Valley curse? Not a hater?

The mineral owners on this board do not hype but we do hope. Is it your intention to kill that hope on this board? I don't see any harm we can cause by hoping.

Permalink Reply by shale player on June 21, 2013 at 10:11

Tony,

I don't work for SWN, but I do have industry contacts who know those guys and know what is going on there.  My family is from the area - I have no reason to wish the project anything but success - and I am not short SWN.

Just trying to help those who care about what is going on to stay up with the latest rumors/facts.

As far as the beer is concerned, I think the SWN's favorite places to cry are the TexMex places near the office.

Permalink Reply by B Kenner on June 25, 2013 at 7:55

When will they post the production for the month of May 2013?  

Permalink Reply by obed w odom on June 25, 2013 at 9:55

They can report the May results as early as they wish, but the deadline for reporting  them is 60 days after May 31, or July 30.

Permalink Reply by obed w odom on June 25, 2013 at 10:48

Both the Doles and BML received DT-1 potential tests in late April. Results reported by SONRIS are as follows:

Doles, tested 4/23/2013: 61 barrels condensate per day, 1573 MCFD, 281 barrels water per day,
34/64 choke, 676 psi flowing pressure, 6243 psi shut-in pressure.

BML, tested 4/27/2013: 139 barrels condensate per day, 1441 MCFD, 60 barrels water per day, 22/64 choke, 856 psi flowing pressure, 5891 psi shut-in pressure.

So the BML seems to be beating the Doles in all categories except for a slight edge for the Doles in shut-in pressure.

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

Permalink Reply by B Kenner on June 26, 2013 at 6:21

Thank you Obed for the i

Permalink Reply by shale player on June 26, 2013 at 13:09

remember that according to SWN's published data the BML was completed after the Doles was completed and tested.  So the Doles is "older" and as such may not be capable of delivering what a "younger" well could.

Getting older is not good for wells, but I don't mind in my case, I think I'm getting wiser?

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