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Comment by dbob on October 3, 2011 at 16:04

Bosco

 

I defer to your knowledge on this, but take a look at the Kenley #1H - API 455-30489 - A good length horizontal by Saint Mary's, but no fracing - it produced 118 bbl of condensate according to the PDQ.

 

I also suggest API 455-30492 the Mary Spring #1H - again, no frac.  No production recorded.  

 

I can get drilling the vertical portion and deciding not to complete it, but I just don't see making the turn like, and not trying at least a little something (acid, slickwater, etc).  

 

Anyway, I remained convinced that the key is going to be frac design in this area.

Comment by Dry Hole on October 3, 2011 at 15:44

 Boscoe, do you feel like your "SAME ROCKs" facts will hold true in the stimulated shale play (eaglebine) once you cross the county line and only produce dry gas ?--- is it just the break where it goes from the oil window to the gas window because of depth ?  ALSO would like to remind you that back on Sept 20 (in this thread) DBOB tried to direct you to a couple of pretty good down loads that are in need of your Qualifications to read-- these might help explain a few things for all of us.

  PS. I understand your economics point Dry Gas = $20 bbl eqv.  While Oil = $80  plus you can haul oil to a terminal and not have to wait yrs on a pipeline infrastructure.

 

Comment by Bosco Ritchie on October 3, 2011 at 10:50

 

Dry hole, I am listening to what you are saying. Gas is selling at below production cost right now, about $3.65 per MCF, while oil is selling for about $80.00. for some reason, possibily the thermal maturity, the hydrocarbons from the Buda, Glen Rose, Woodbine...tend to produce fairly dry gas in Trinity County, thus the economics of drilling and producing are much better in Houston County. Same rocks that are being drilled by Navidad et al, but different hydrocarbons in Trinity Co.

Comment by Dry Hole on October 3, 2011 at 9:21

  Boscoe, you are above my pay grade but the answer may be simple ---- when one crosses east of hwy 19 the land owner make -up goes from mom & pop private to USFS and very LARGE industrial lands ----- these folks are all 800 lb Monsters and have whole floors dedicated for their fleets of Attys. and environmental workers ---- Their lease terms and or rules and regulations are night-mares so this in my opinion is and has been the main TRADE BARRIER that have kept oil & gas permits low in Trinity Co. and others to the East not to mention that geophysical, road and pad building is naturally more expensive and harder in those heavily wooded areas that have a different soil type and more rainfall. The Small and Midsized E&P just can not operate as efficiently as they can west of Hwy 19 in the open private pastures with only mom and pop to deal with while looking for the shallow stuff.      My opinion is probably worth what you paid for it

 

 

 

 

 

 

 

 

 

 

 

Comment by Bosco Ritchie on October 3, 2011 at 8:08

For some reason the production from  the Cretaceous, being AC, Woodbine, Buda, GT, Edwards and Glen Rose seems to change to dry gas when one moves into Trinity County. I dont know why but there is no commercial oil production from these rocks in all of Trinity County....go figure

Comment by dbob on October 3, 2011 at 6:00

Dry Hole

- Generally agree that HWY 7 seems to be about the north end of interest. I'm getting rumblings about things east of US 287, but there hasn't been drilling/permitting activity to support what I've heard yet.

Comment by Dry Hole on October 3, 2011 at 5:01

dbob, it is my opinion that these guys started out drilling these vertical holes for well control for a horz. project and stumbled onto this "Wolfberry" type play ---- they will now have their cake and get to eat it too as they have managed to HBP acreage and pay the bills for the "real play"  that is just on the other side of the Trinity River ---- Do not mistake me for a pro -- I am just informed and have big ears ---- The acreage amount is accurate but covers 2 counties and 2 very large state prisons ---------- most all leasing is bounded by Hwy 7 to Crockett and Hwy 287 to Pennington --- South and west of those lines at this time ------ I need to go back to work will ck back later

Comment by Dry Hole on October 3, 2011 at 4:33

$500 & 1/5 for a 3yr + 2 yr opt.     on the low end--  $750 & 1/4 for 2 yr on the high end -------- with several in the middle   ----- also of note were several PROLIFIC OLDER  Horz BUDA wells that have gone unnoticed for decades ----- Check out the production of the LaRue Buda Horz wells from 1998 forward (well still making 2000 bbls month after 13 yrs)

Comment by dbob on October 3, 2011 at 4:16

Dry Hole

Thanks for the info. How much stock do you put in the acre amount?
Regarding Houston County/District 3 - I think it was a similar copy and paste type error that generated a few of those. We discuss it here in part becasue some of us beleive that the play spans multiple districts. Its not really, to the best of anyones knowledge, either traditional Woodbine or unconventional Eagle Ford.

I personnal prefer Weagle Ford but I guess there is a ring to Eaglebine. It would be misleading to call it the Trinity Marine Shale (TMS)

Comment by Bosco Ritchie on October 3, 2011 at 4:02

Dry hole, thanks for the info. When you say the leases are cheap, about what is the going price for leases in the area? Thanks very much

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