Black Stone Minerals, L.P. Reports Second Quarter Results
August 03, 2020 05:00 PM Eastern Daylight Time
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the second quarter of 2020.
I am assuming that the 13 wells in San Augustine Shelby Trough are all Haynesville - so initial production rates combined should be about 200 MMCF to 250 MMCF per day of new production.
Is there sufficient pipeline capacity to take all this gas? Or will there need to be some significant choking back of wells?
Could be a combination of Haynesville and Bossier wells. Julie could probably tell us where the 13 are located in regard to take away capacity. XTO also left five Haynesville wells drilled but uncompleted in south DeSoto Parish. So maybe they will complete those also.
I think I may have just answered my own question - attached is a PDF from DriliingInfo//Enverus showing XTO drilled horizontals (blue dots with API numbers) plus gas pipelines presently in place in this part of the county. Looks like this whole set of wells is south of the existing gas gathering systems.
So completion will probably be combined with laying in new gathering lines for gas take away.
My next question (and I always seem to have one) is what is the capacity of the pipelines that this new set of gathering lines are going into?
Is that really wise? Isn't the market gonna get flooded by gas coming out of the Permian Basin? I thought they were working on transportation lines out of there(Permian Basin)?