Replies to This Discussion

Permalink Reply by jffree1 on October 13, 2009 at 3:47

Wilma, Surface water sources are another potential income producer for land owners along with pipeline ROWs for frack water transportation. An aquaintance sold a 4 acre pond in San Augustine Co. to a producer this summer. I don't have any other details such as price.
The producers appear to be making an effort to find water sources other than our drinking water aquifers and they are experimenting with innovative techniques to recycle and re-use frack water. I have wondered, if they can pump water into disposal wells... can they retrieve this water to use for frack operations? How many billions of gallons of water have been put in disposal wells?

Permalink Reply by Wilma Watts on October 13, 2009 at 5:02

Used to be the company would offer to drill a well and case it and the surface owner was happy - now I see Chesapeake had to drill four - 4 - water wells at one frac site to get enough water for a haynesville frac. Would be very curious how their short term demand impacts the groundwater - at least a surface pond will refill quickly I expect. Glad this is East Texas and not West Texas from a water standpoint.

Bullish update on natural gas at the following link:

http://www.lsgifund.com/CPS/energy.pdf

Would be real interested in what is being negotiated for water well use or surface pond use out of curiosity, I don't own but still would be interesting.

Permalink Reply by Wilma Watts on October 16, 2009 at 7:00

Does the area near the Devon Kardell well have any potential for the Pettet formation for crude oil production?

Just curious. On the permit W-1 they don't mention it. I assume it is uphole and they would have cored through it so would have some idea if it were present, and if potential hydrocarbons were entrapped.

One of the other threads here mentions the Pettet and oil potential. Thanks for any feedback. I assumed this was all natural gas territory.

Permalink Reply by Wilma Watts on October 18, 2009 at 1:50

CHK's Bossier shale plays not quite as stout as the Haynesvville formation -

Initial results from Chesapeake Energy Corp's (CHK.N: Quote, Profile, Research, Stock Buzz) Bossier shale play indicate there is a little less natural gas in place than in its high-performing Haynesville shale acreage, an executive said on Wednesday.

"It's not going to be quite as robust," John Sharp, Chesapeake's geoscience manager for Louisiana, told investors in New York in comments broadcast on the Internet.

Investors had been anxiously awaiting initial output data from a Chesapeake well drilled in August in the Bossier. Chesapeake said it had started flowing at a rate of 9.4 million cubic feet equivalent per day, below the Haynesville average.

Despite a recent sector-wide uptick in drilling, McClendon said U.S. natural gas production would drop in 2010, helping to push prices up toward the range of $7 to $9 per thousand cubic feet that makes drilling worthwhile for most U.S. gas.

Permalink Reply by Wilma Watts on October 27, 2009 at 1:50

My contacts tell me things are going well on the well, no problems, things just a bit slower than expected. No use rushing things here.

IP test data available soon - within 2 weeks most likely. Will be very interesting as to what they announce. The following announcement by nearby operator Cabot raises some issues as to the potential for crude oil out here in the Travis Peak, would be very positive for Devon and Crimson if so. Exciting to have multiple 'target zones' if that becomes the case.

**** here is my post on the CXPO thread:

Take a look at Cabot's recent presentation on the Haynesville and Pettet/Travis Peak - slide 13 and 14:

http://www.cabotog.com/pdf/090810_Enercom_Oil_Gas_Conference.pdf

Very interesting stuff. They are drilling right where Crimson is according to the plats. And they just announced some very good crude oil IP's in the Pettet / Travis Peak. If crude is in Cabots's wells it will also be on Crimson's wells - CXPO's slides also show this a a potential target zone in their Kardell well - the question is are oil wells with IP's of 800 to 900 bbls per day enough to make this an economic play?

Cabots release this week, bodes very well for CXPO IMO:

HOUSTON, Oct. 26 /PRNewswire-FirstCall/ -- Cabot Oil & Gas Corporation (NYSE:
COG) today announced that its Pettet oil development in Shelby and St.
Augustine counties in east Texas continues to show superior results. Thus far
during 2009, Cabot has drilled four wells targeting the Pettet formation.
Four of these wells have been completed with horizontal intervals covering
between 3,800' to 5,200' with up to 15 frac stages. Individually, these wells
had initial production rates ranging between 815 to 936 barrels of oil per
day, plus natural gas, with 30-day average production rates between 450 - 514
barrels of oil per day.

"This success is exciting in light of the market differentials between oil
prices and natural gas prices," said Dan O. Dinges, Chairman, President and
Chief Executive Officer. "Right now this differential is a multiple of 15:1
and with the well performance, the Pettet is a very economic play."

The Company is currently completing a fifth well and is drilling its sixth
well with plans to drill five additional wells this year in the Pettet.
Overall, the Pettet is currently producing over 1,000 barrels of oil per day
plus 3.7 Mmcf per day. The Company estimates it has 175 to 225 gross Pettet
locations with a potential of 25 - 35 MMBO, plus 100 - 140 Bcf of natural gas.

Permalink Reply by Wilma Watts on October 27, 2009 at 1:50

To the north a bit, another well, they must like this play - they will drill five more this year:

Cabot Oil & Gas will drill Forbis (Pettet) Well 1 in Angie (Pettet) Field. This well will bottom at 14,000 feet, 11.39 miles southwest of Center in the J. Forbis Survey A-1054.

Permalink Reply by Wilma Watts on November 2, 2009 at 4:47

Wow wow wow. These guys are good. Very good.

Keep in mind the uphole potential. 30.7 MMcf/day

See CXPO releast today. WOW WOW WOW.

The Kardell #1H was drilled to a total measured depth of 18,350 feet with a total lateral length of approximately 4,500 feet and 12 stages of fracture treatment. The Kardell #1H experienced one of the highest reported 24-hour initial potential rates for a Haynesville Shale well (East Texas and North Louisiana) at 30.7 million cubic feet of natural gas per day on a 37/64 inch choke with 6,824 psi of flowing pressure. The well has been hooked up and is currently flowing to sales. On a net basis to Crimson, and at this rate, production from the Kardell well represents an approximate 31% increase over our average daily production of 38.2 million cubic feet of natural gas equivalents per day during the third quarter.

In addition to the Haynesville Shale formation, the well encountered a thick Mid-Bossier Shale interval with characteristics similar to known Haynesville and Mid-Bossier completions in East Texas and Louisiana. The Mid-Bossier represents significant additional potential to Crimson’s leasehold position in the southern portion of the East Texas Haynesville Play. The Kardell #1H also encountered hydrocarbon shows in the shallower Knowles Lime, Pettet, and James Lime formations, each of which are being evaluated for future drilling activity.

The Kardell #1H was drilled on the eastern edge of Crimson’s “Bruin” prospect where it controls approximately 3,000 acres. The Company is currently in the planning stages of several wells in the “Bruin” area that will further evaluate and exploit these multiple formations beginning in early 2010. Crimson has an additional 9,000 acres outside the “Bruin” area within Sabine and San Augustine counties and expects to commence the initial well on that acreage in early 2010.

Allan D. Keel, Crimson President and CEO, stated - “The Kardell #1H well is another transformational event for Crimson as it continues to build on its multi-pronged strategy of acquisition, exploitation and exploration. We are very pleased with the results from our first East Texas resource-play well and are excited about the multi-pay potential underlying our approximate 12,000 acres. Our early evaluation of the southern area showed similar potential in the Haynesville as that seen in the Haynesville “Core Area” in North Louisiana, yet it had the additional potential in the Mid Bossier. The Haynesville success experienced in the Kardell #1H and recent Haynesville activity from offset operators in this immediate area have proven this early concept. Crimson looks forward to an active year of drilling in this area in 2010, both operated and non-operated. Combining this longer life natural gas asset, with over 100 potential drilling locations in multiple formations in the Bruin prospect alone, with our set of low risk, high return Gulf Coast exploitation opportunities and South Texas exploration prospects, provides us with a balanced, high quality inventory of drilling opportunities that should provide significant growth opportunity for years to come.”

Permalink Reply by JWC on November 2, 2009 at 5:13

Boy I'll say..............WOW!!

Permalink Reply by Mike on November 2, 2009 at 6:12

Devon is permitting today a well just east of this one. The application is for 14,000 ft. Are we thinking mid bossier on this one since the Kardell was 18,500.

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

Permalink Reply by Wilma Watts on November 2, 2009 at 6:22

Betya you are correct. I would like to see a Pettet formaton test for oil here. WOW

the Mother Lode, brought to you by Devon Energy

Permalink Reply by Mike on November 2, 2009 at 7:42

There is this one permitted recently. It's further east. I suspect it's a Pettet well.

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do;jsessioni...!-1758073605?fromPublicQuery=Y&name=BLACK%2BSTONE%2BWHITE%2BROCK&univDocNo=485748908

Permalink Reply by Wilma Watts on November 2, 2009 at 8:08

could not open the site link Mike. Can you tell me who is operating?

Thanks

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