Replies to This Discussion

Permalink Reply by obed w odom on November 14, 2013 at 12:46

Tony, if my map is correct, this well, in T19S R19W, is 6 miles east of Emerson, unless they have mis-stated the location on the application.

Permalink Reply by tony allen on November 14, 2013 at 12:59

You are right, Obed. Thanks. I changed the title. Sorry everyone. Seems like a lot of "pork" in that AFE. Mr. Sanders, any opinions?

Permalink Reply by Gatrpaw on November 15, 2013 at 15:23

Just an FYI for those following the Desoto Rig(s) in the LSBD. You will soon see a name change on Rig 20 and rig 21.

Permalink Reply by tony allen on November 15, 2013 at 18:36

Thanks Gatrpaw. Can you tell us when the rig moves and which rig is moving where?

Permalink Reply by North LA on November 16, 2013 at 2:41

Why would they change the names?

Permalink Reply by Sarah Randolph on November 16, 2013 at 3:08

Are they changing the names or selling these and bringing in rigs new to this area?  I heard they were selling but don't know if that is correct or rumor.

Permalink Reply by Bradley McWilliams on November 16, 2013 at 7:52

Let's see if we can calm this down some...

They are indeed selling, but it's just three rigs. I'm guessing they don't need them right now, and $20 million in assets sitting around is a lot of cash to not put to work.  You can see the rigs and prices listed on kruseasset.com  If you've every had secret ambitions of starting your very own drilling co, now's your chance!!!

As for the name change, it's from "Desoto Drilling" to "SWN Drilling"  Desoto was the "secret project" name given to the F'ville shale when it started.  Everything up here was "Desoto..." for a while, Desoto Drilling, Desoto Gathering, etc. A year or two ago they started changing everything to "SWN..." Now it's "SWN Drilling, SWN Gathering, SWN Well Services" This is purely a guess, but I think this reflects the expansion of their vertical integration beyond the "Desoto Project" into other areas.  One of the rigs on the Kruse web site has some "SWN Drilling" signs on it already.

Permalink Reply by Gatrpaw on December 11, 2013 at 16:20

Sorry I couldn't answer some of those questions earlier. Patterson UTI purchased the two rigs SWN had in the Brown Dense. They will be staying around.

Permalink Reply by Aubrey C. Sanders, Jr. on November 16, 2013 at 7:22

Tony, Seems like a real FAT HOG. Not a well I would invest in unless they reduced AFE by at least 50%.