Replies to This Discussion

landownerPermalink Reply by Herman (Chuck) Plonnigs, III on January 11, 2011 at 12:54

Question…If the Smackover well in Southern Arkansas comes in and meets, or exceeds, expectations

 would that in any way enhance the value of the mineral rights for those of us still holding them in Northern Union Parish?

 

What would production need to be to make a horizontal Smackover play commercially acceptable?? And how would one get this information? Drive up there and get the serial number?

 

We’ve been approached, my Uncle, but a 7 year lease still sounds questionable.

landownerPermalink Reply by North LA on January 11, 2011 at 13:06

Chuck,

In this application J-W indicates they expect 650bopd oil while the
cost of the well is around $6 million. If they are right and the well produces 650bopd then this could greatly increase the value of your
lease in my opinion.

landownerPermalink Reply by Herman (Chuck) Plonnigs, III on January 12, 2011 at 13:32

Thank you so much for your reply.

 

I don’t have a lot of land but what land I do have I would like to see used in the most productive manner possible.

 

I haven’t read the complete document, as supplied to us by Mr. Allen, but the brief skimming read I did give, to this point, didn’t leave me with the impression there was much give on the part of the entities acquiring the leases.

 

Like I said earlier, my uncle has been approach w/re our land and included a 4 year lease with a 3 year option. I can’t see signing something like this.

 

Thank you again for your response.

landownerPermalink Reply by shaleshaleshale on January 13, 2011 at 4:41

i can't get the link to open. can someone tell me where exactly this well is located?? thanks!

Permalink Reply by tony allen on January 13, 2011 at 5:18

S32 T19 R17

S 5  T20 R17

landownerPermalink Reply by Herman (Chuck) Plonnigs, III on January 14, 2011 at 10:01

The link takes a while to open …I suggest double clicking and leaving the room for a while!

landownerPermalink Reply by deangelo bragg on February 1, 2011 at 5:51

what site is this that you are refering to?? the site to check wells

 

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on February 1, 2011 at 6:14

deangelo, there is a group page that provides tutorials for those member who wish to learn how to navigate the state mineral databases.

 

http://www.gohaynesvilleshale.com/group/sonris_help_center

landownerPermalink Reply by Herman (Chuck) Plonnigs, III on February 11, 2011 at 9:17

Is there enough historical data to render an educated/experienced guess w/re to length of production?

 

I understand there would be a relatively quick decline in original production; however, would a well of 650+/- original bopd have a 5 to10 +/- year period of economic production or no?

 

Thanks