Replies to This Discussion

Permalink Reply by j garrett on February 21, 2010 at 19:00

Wow! Horizontal oil @ over 700 bbls per day! That's awesome. And a horizontal Cotton Valley well. That's awesome too. EOG and Chesapeake have been talking about a greater emphasis on liquids (oil). I hope their focus is here as opposed to the the Barnett or the North Dakota Bakken field. They'll probably do them all. These Cabot wells are great news. A 700+ bbl per day oil well was also hit in Sabine County. A 700 bbl oil well is roughly equivalent to a 10 mmcf gas well, but maybe without such steep declines? Now we need find out what they are looking for beneath the Haynesville. Rumors are it might be better than the Haynesville. Where's the Cheerleader? You are right, East Texas is the Motherload!

Permalink Reply by jffree1 on February 22, 2010 at 4:40

I thought it was pretty "Wow" but didn't know how to compare that to gas production. It will be interesting to see how they do over time.

I believe that the Taylor Sand tests are in the Minden field.

Permalink Reply by DJG on February 22, 2010 at 4:55

FYI - When that Lacy well in Sabine Co hit at 739+ bbls/day last week I took a look at some of the historical production in the area.

The 90's wells that started out in that 750-880 bbl/day range ultimately ended up producing over 200,000 bbls over the production life of the well.

So with oil at $75/bbl that would project out to a gross of around $15,000,000 for that one well.

If/when oil gets back up it really does start to be significant:

$100/bbl = $20,000,000 gross well.
$125/bbl = $25,000,000 gross well.
$145/bbl = $29,000,000 gross well.

Not too shabby.

Permalink Reply by jffree1 on February 22, 2010 at 5:18

It will bear watching, I think. Those historical wells in Sabine are impressive but I believe most (all?) of them were producing from the Austin Chalk. The new well is in a shallower formation (Saratoga). So... it will be interesting to see how they compare. I think this is the first ever horizontal completion in the Saratoga but I could be wrong. If anyone knows of others I'd like to hear about them.

The Pettit wells are between the James Lime and the Cotton Valley.

Permalink Reply by j garrett on February 22, 2010 at 6:45

Great news. Just for clarification, the Sabine well is in the Saratoga and the Cabot wells are in the Pettit, and all are horizontal. So, there are apparently at least three oil plays (Austin Chalk, Saratoga, Pettit) and 5 gas plays (James Lime, Travis Peak, Cotton Valley, Bossier and Haynesville). Wow. And still the question of "what lies beaneath"?

Permalink Reply by Cheerleader on February 22, 2010 at 9:32

More oil..... Motherload People!!!!!
I have been at Cheerleading Camp learning new red, white and blue cheers !!!
Horizontal oil wells!!!!
East Texas is blessed and San Augustine is the Mega Motherload!!!!!

Permalink Reply by jffree1 on February 22, 2010 at 9:56

Well!!! Now that you have returned things can get back to normal, LOL!

Permalink Reply by James L. Williams on February 23, 2010 at 19:07

Cheerleader I enjoy your comments. Not to be critical, but I thought the terminology was "Motherlode", not "Motherload."

Permalink Reply by Cheerleader on February 23, 2010 at 20:59

James L. Williams,
I can't take credit for coining the term Mother Load/MotherLoad.
Jurassic Exploration, on June 8, 2008, at oilvoice.com, predicted that northern San Augustine and Sabine counties would be the "Mother Load" of the Haynesville. It appears they were "right on".
Excuse me.... I feel a cartwheel coming on!!!!

Permalink Reply by king john on February 24, 2010 at 0:43

cheerleader, do you wear a crash helment when you are stunt/posting?
i can just imagine you hitting a few keys between cartwheels ! im gunna have to go with LOAD. i think the saying dates back to the gold rush days, referring to a giant load being hauled out of the mine. as to the location of that motherload you speak of... i think its in shelby county and i think i know exactly where it is. thanks for the exciting posts. everybody likes a cheerleader.
kj

Permalink Reply by adubu on February 24, 2010 at 1:45

these are pettit H wells in NNW San Augustine County in the southern part of the "County Line Field" COG found oil when they where drilling H James Lime well and producted the gas first at the time gas was paying better than oil. Then last fall oil was more economical and they test the pettit H. These are not shale oil well. Look up discussion on this site about COG Pettit H Oil well posted few months ago for more info. This adds to value for all who has minerals in the area--OIL plus GAS--wish I had some around this spot

Permalink Reply by jffree1 on February 24, 2010 at 5:40

ME TOO, adubu!

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