Replies to This Discussion

Permalink Reply by Robert B Dunlap on March 3, 2014 at 4:26

Have you looked at Sonris?  http://sonris.com

This link might get you where you want to be:  http://sonris.com/dataaccess.asp

You need to know Section, Township and Range and that will pull up the wells drilled in your area.  You can see what is reported there for the particular well.  It might not be the most recent data, but it should be close.

Permalink Reply by Skip Peel - Mineral Consultant on March 3, 2014 at 4:56

SWN is not filing formal production reports so they are not available on SONRIS Lite at this time.  In order to transport oil they must get an emergency clearance to ship from the Monroe District Office of the Office of Conservation.  There are likely paper reports on file there.  SWN is providing some production data in their corporate press releases and presentations.  This is what they have said about the Sharp well.

FROM SWN Q2 CONFERENCE CALL:  IP ~125 BBL/D AND 326 MCF/D  FIRST AND DEEPEST OF 4 FRAC INTERVALS - FLOWING.   PEAK RATE OF 600 BARRELS OF 52-DEGREE-GRAVITY OIL AND 1.3 MILLION CUBIC FEET OF 1,240-BTU GAS A DAY - AFTER 88 DAYS 530 BARRELS AND 1.1 MILLION CUBIC FEET ON A QUARTER-INCH CHOKE

Permalink Reply by William J Milstead Jr on March 3, 2014 at 4:55

Thank you... I tried that link and it the end result is a blank page.   I'll try again.

Permalink Reply by Ben Barnhill on March 3, 2014 at 5:33

I have a question that while a little off topic may nonetheless fit a little in this discussion. I was recently discussing oil drilling/production in general with someone who is part of a drilling unit in Union Parish. There is a producing well that's been producing for almost a year now. They haven't received any royalty checks as of yet.

I guess my question, relates to whether Southwest recoups all their drilling/production costs before paying out any royalties?

Permalink Reply by Skip Peel - Mineral Consultant on March 3, 2014 at 5:38

SWN and any other operators would owe royalty on liquids from first production.  Gas is another story as the state allows an operator to flare gas for a limited and specified period of time.  I suspect that regs may call for metering the gas flared and paying the state and lessors but have no idea if that is strictly enforced.  There are literally hundreds of Haynesville Shale wells paying royalty that will never recover their cost due to depressed natural gas prices.  SWN will not pay royalties until they begin reporting to the state then they will make payments back to first production.  It should make that first check look really impressive.  The next one will be significantly less.

Permalink Reply by Ben Barnhill on March 3, 2014 at 5:54

Thanks Skip, that makes sense coupled with your post earlier in this thread that SWN hasn't as of yet begun filing formal production reports.

Permalink Reply by Big Little Oil on March 3, 2014 at 7:46

Anyone know if the Sharp well has a pipeline for the gas and NGLs yet?

Permalink Reply by Ben Barnhill on March 3, 2014 at 7:50

Recently, talking with someone who lives up there, the pipeline isn't completed, but is under construction.