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Does it normally take this long to drill wells? I signed Right of Way for the Electrical to be installed to drill the wells over 1 year ago. Just haven't heard anything in 1 year.
Do you think the operators will loose interest in Haynesville since the natural gas price has been so low? Do you think the operators will switch to drilling for crude oil instead?
Caroline, there is no "normal" as to length of time to drill a well. Only the operator knows the schedule for development. Comstock doesn't have a huge leasehold and will probably continue development drilling for some time as they need to maintain cash flow. Yes, most operators who can do so are placing greater emphasis on wells that will produce oil or natural gas liquids. Unless you have mineral interests outside of this unit, don't waste your time worrying about getting drilled or not. You are sitting in the catbird seat. Learn how to track your wells on SONRIS Lite (LA. state oil and gas database) and sit back and enjoy the show.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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