landowner

What is a 3 year drilling program?

"But it's a three-year drilling program we'll have here in the Brown Dense."


In relation to the jv? Does that mean they will only have the jv for 3 yrs? Are they going to share royalties for 3 yrs? I wouldn't think they stop drilling after 3 years if they are making economic wells.

Views: 661

Replies to This Discussion


Oil & Gas ProPermalink Reply by Rock Man on March 6, 2013 at 19:45

This is just a common O&G operator phrase indicating that it will take them three years of drilling to get to a certain point in time - probably tied to a perceived optimum understanding of the play.

This 3 year plan may be what the operator thinks is the time needed to drill enough well to get all the key acreage HBP (held by production)

Did they mention the number of rigs that they will be using in this plan?

Permalink Reply by whodat on March 7, 2013 at 3:00

It will take more than two rigs drilling in a 3yr period to drill one well per unit in the so called high pressure region if that is their plan?


landownerPermalink Reply by North LA on March 7, 2013 at 3:11

Where is the pressure region in general?

Permalink Reply by whodat on March 7, 2013 at 3:29

The boundaries has not been defined but so far all the union parish wells have been considered high pressure.

RSS

© 2026   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service