They slipped this one under the radar.
Has anyone approached you guys about leasing? I understand that Sonny Johnson recently leased to Midstates and the first Austin Chalk well drilled in this area will be on his property. The lease bonus was $300 per acre for a three year payed up lease.
We leased at the beginning of the year - property is in W. Fel. Same bonus and period you referenced above, with a 2-yr option.
So they are leasing to the West not toward Slaughter?
yes, we are west but I have not been keeping up with the leasing activity so can't offer anything on leasing trend.
Thanks, If you hear anything please post it.
Joe, From what i understand Sonny just leased, other's have not. Where is the oil well suppose to be placed.
From the Baton Rouge ADVOCATE
Devon Energy’s latest well project exploring the Tuscaloosa Marine Shale showed a reported production test rate of 259 barrels of oil per day, according to a DNR news release.
The Devon well, located in northern East Feliciana Parish, is the third horizontal well drilled and completed by the company in the shale and the initial production rate is more than double that of either its first completed shale horizontal well, also drilled in East Feliciana, or its second shale horizontal well, drilled in Tangipahoa Parish.
“I am pleased to see that Devon is committed to investing in the energy opportunities provided by Louisiana and the Tuscaloosa Marine Shale. We know that this formation has vast potential to provide domestic energy for this nation, and jobs and economic growth for this state, but it will take companies time to learn and perfect the most effective means of drawing out the oil and natural gas locked within that shale,” state Department of Natural Resources Secretary Scott Angelle said in the release.
Devon currently has ongoing drilling operations at two other Louisiana shale sites – one in St. Helena Parish that is nearing its target depth and one in West Feliciana Parish that is nearing the point of its turn from vertical to horizontal.
The Tuscaloosa Marine Shale is believed to underlie much of central Louisiana, with potential productive areas currently being explored from Vernon to Tangipahoa parishes. The energy industry has been observing the development of the Tuscaloosa Marine Shale, believed to be primarily an oil-rich play. New processes and technology have led to rapid gains in domestic oil and natural gas reserves, making them recoverable from ultra-dense formations once thought uneconomical to produce.