All things pertaining to leasing, drilling, production and mineral rights in Mississippi.
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Goodrich Petroleum Announces Second Quarter 2014 Earnings Conference Call
Goodrich Petroleum Corporation (NYSE: GDP) today announced that it has scheduled a conference call on Thursday, August 7, 2014, at 10:00 AM, Central Time
http://phoenix.corporate-ir.net/phoenix.zhtml?c=83169&p=irol-ne...
These are some detailed maps of the play in SW MS.
Link for TMS map of SW Mississippi
Link for TMS map of Amite County
Members following the MS TMS: The level of drilling has reached the point where it will be impossible to keep all current discussions on a single group page. The time has come to organize by county. I have created an Amite County Group which is awaiting approval by Keith. As soon as it is active I will begin posting well discussions by county. With Keith's help, and yours, I will try to get discussions reorganized ASAP as development is accelerating quickly and we need to get ready to accommodate the increased traffic. Good Luck to all members with an interest in the MS TMS. We always need new members so please spread the word about GHS. And please remember that donations help fund the website.
My experience with leasing, several leases, is that I wait until the agent has the check in hand ready to hand it over before I sign. My friend. a small operator, tells of when he and his partners took cash to the lease signings, sometimes a suitcase full.
in the eagleford we build frac ponds 400' x 400' with 24 mil liners, These are fenced and gated. The well supplys 600 to 1800 gallons per minute depending on horsepower.the area is rolled and compacted with sandsone base(not caliche) the water sells from .45 to .60 per barrel. (42 gallons) water is tested for use in frac. water can be moved by jumpers up to six miles conventially and by adding pumps actually farther. (gets expensive to move over six miles) hope that helps on eagleford water cost. these facilities are usually on leased land and water revenue divided with landowner and operator.
be assured, oil companys are structured to maximize their operating and business cost. they are not designed to allow you to make extra money ever.oil and gas attorneys who have a history specificaly in shale can help. shale plays eat up your real estate like pac-man, they have to drill lots of wells and put in lots of pumpjacks due to depletition rates on shale wells.lots of roads and multiple well pads, which are large pads covering lots of land.it is big time land drilling and requires close attention to spacings. when these plays catch on from a feasibility perspective they grow extremly fast (these nice, heavily sanded encana wells are a good sign).
Week before last I finalized the leasing of 130 +/- NMA in Township 2 in Wilkinson County. Yesterday I got a call from a landman representing one of the players in the TMS inquiring about some of the minerals I had already leased. I had offered these to him about 6 weeks prior to me leasing them to another group and he was lukewarm in his interest. But yesterday he related that there are several units about to applied for in T2 in Wilkinson county and some in Amite county.
He went on to relate that the cost of the wells is still too high therefore leasing rates and royalties offered were going down. Which I am not sure I believe. I would be very interested in knowing the production rates of the Ash wells and the current production on the Crosby and Horseshoe Hill wells. The only information I can find is outdated by several months.
It seems the TMS runs hot or cold, depending on the week and source, it would likely be helpful if there were more companies drilling but it looks like it is only two for the most part. There is lots of comparison to the Eagle Ford, and many say the wells out there are a lot cheaper. But I wonder if that is truly an accurate comparison given the cost of water out in the EFS. I have heard of folks paying $0.50 a barrel or more for water, some oil field guys I know have said their water costs are extremely high. Given the success of the EFS at the present I can't help but think that is probably one of the main reasons the TMS is developing as slowly as it is.
Thanks for the positive comment Sonny.
Our companies work in several areas of the Eagleford and have since petrohawk drilled the first wells around Cotulla on 2007. Petrohawk is now BHP. I am from Mississippi (jackson) and have mineral interest in pike county. This field currently produced by Denbury (joint venture Encana partners) Wells in the Eaglford are now completed to fifteen thousand feet in nineteen days.(Talisman) I manage frac sand, barite, guar gum, and water. (wells and lakes) I am on frac jobs quite often. The Tuscaloosa is moving along very well, the play aligns quite similar to the Eagleford and wells appear to have less severe depletition rates to those in Eagleford. Watch the north side of current counties in Mississippi. The upper side is the better side in texas for oil the lower side dry gas. The tuscaloosa will rapidly expand geographicaly as work continues, Franklin county, northern pike etc. The Eagleford took two years to move out the cotulla area and now its booming one hundred miles east. (hang on guys its coming)
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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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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