Replies to This Discussion

Permalink Reply by North LA on April 27, 2013 at 12:16

http://www.samsungcnt.com/en/pr/board_view.asp?fnum=133&fidx=18...


http://www.nola.com/business/index.ssf/2009/08/ankor_energy_is_look...


Ankor is owned by Samsung and Korean national oil company. Samsung has an annual revenue of over 200 billion.

Permalink Reply by G Meaux on April 28, 2013 at 9:05

Ankor may be the JV partner but I heard a rumor a couple of months ago that they purchased Cabot's brown dense leasehold. Does anyone know else know if this is true?

Permalink Reply by Skip Peel - Mineral Consultant on April 28, 2013 at 9:31

You could very well be correct, GWM.  Cabot's  unit L SMK RA SUB - Ora Field - S18 & 19 - 22N - 1W is right next door to Ankor's permit in Section 17.  SWN still has not announced a definitive JV agreement so Ankor could be exploring based on science and lease rights from Cabot.  If one of the major energy companies with HBP leasehold and extensive operating experience in N LA turned out to be the JV partner that would not only provide capital to explore but onshore horizontal development experience.  Ankor has the former but not the latter.  And XTO/XOM or COP partnering with SWN would accomplish   both but more than that it would be an indication that they liked the rock. 

Permalink Reply by Flying High on April 28, 2013 at 10:34

ANKOR did purchase Cabot's leasehold properties in Union Parish.  I do not know about any other LSBD holdings; they may or may not have purchased them. 

 

 

Permalink Reply by North LA on April 28, 2013 at 10:42

Didn't Cabot and SWN have a deal going before this? I'm willing to bet that ANKOR is the new JV. Either way it's good news as there is new money and ideas in the play.

Permalink Reply by Big Little Oil on May 2, 2013 at 3:49

filed yesterday:

4/25/13, REACHED TOTAL DEPTH. 4/25/13, SET 5 1/2" CASING AT 9765' WITH 176 SACKS OF CEMENT. STATUS DATE: 4/25/13

Permalink Reply by Big Little Oil on May 8, 2013 at 4:35

This thing has to be flaring by now, as well as the Dean Horizontal

 

Anyone nearby get a visual on these yet?

Permalink Reply by Big Little Oil on June 5, 2013 at 3:03

alright, its been four weeks since I last asked. It TDed on April 25th. This is just a vertical so completion didnt take long. This thing must be flowing back by now, and flaring. Anyone have eyes on it yet? Obviously they are avoiding allowables.

Permalink Reply by tony allen on June 5, 2013 at 5:31

BLO, you are right. Mueller said they were completing the Dean Alt well in the May presentation so it should be flowing as well. Hopefully someone should be able to see some flaring activity. Mueller was asked about them being so transparent with the public about the LSBD and he stated it was easier in the Fayetteville and Marcellus due to their success in those plays. Seeing no allowables makes me think that transparency in the LSBD no longer exist. They also did not participate in the RBC presentation yesterday as scheduled. It was titled " New and Emerging Oil Plays".  It will be interesting to see what results WLL will have in the LSBD and how open they will be about their results. Goodrich said they had data sharing agreements with the other players in the TMS. I hope SWN has the same deal with WLL and others in the LSBD.

Permalink Reply by Big Little Oil on June 5, 2013 at 5:45

COG I think was the only company who had a sharing agreement witH SWn

Permalink Reply by tony allen on June 5, 2013 at 6:08

Maybe that agreement will apply to ANKOR, if they ever drill a well. ANKOR did purchase all of COG's leases in Union Parish.

Permalink Reply by whodat on June 23, 2013 at 14:06

There is a work over rig on location. Not sure what they are doing??

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