Replies to This Discussion

Oil & Gas ProPermalink Reply by Rock Man on June 24, 2026 at 4:16

Here is the completion report for this well.

Relatively short lateral (6145') compared to what Comstock is presently doing but a very good looking well based on IP info.

Almost 5200# of proppant pumped per foot at 16,600' TVD. Max frac pressure of over 13,400#.

Bottom hole temperature of 357 degrees F.

Now to see how this well produces / declines in time.

Good first "swing" for Mitsui.

Attachments:

• Mitsui LIpsey A 1H Completion Report.pdf, 215 KB

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on June 24, 2026 at 4:50

Thanks, Rock Man.  The proppant load is impressive. About 30% greater than what I see in the Legacy Haynesville.

landownerPermalink Reply by Alan Herrington on September 16, 2026 at 9:03

This well, Mitsui's Lipsey A 2H, has produced more than 1 million MCF in each of its first three full months of production:

May 2026:  1,190,178

June 2026:  1,056,816

July 2026:  1,215,436

According to the Texas Comptroller's CONG system, gross gas sales for the three months were about $9,030,000.

The production unit is 679 acres.

A 25% cost-free royalty would have earned $3,325 per net acre during the three months.

Someone with 100 net acres would earn $332,500 in royalties in three months.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 16, 2026 at 9:07

Nice 90 day production volume and decline.  I'm not familiar with the CONG system.  Does it calculate using Mitsui's post production deductions and severance tax?

landownerPermalink Reply by Alan Herrington on September 16, 2026 at 9:21

The CONG system is how production companies report their revenue to the Texas Comptroller's office.  It shows production volume, gross sales, marketing cost, and tax (if any).  

https://mycpa.cpa.state.tx.us/cong/loginForward.do?phase=checkhttp://

Oil & Gas ProPermalink Reply by Rock Man on September 16, 2026 at 9:23

Thanks' for posting. Impressive well

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 16, 2026 at 9:24

Thanks, yes readable but lacking in the detail I was wondering about.

landownerPermalink Reply by Alan Herrington on September 16, 2026 at 10:21

https://mycpa.cpa.state.tx.us/cong/reportLeaseDropNGForward.do

If you enter 301822 for the lease number, 2606 for the beg period, 2607 for the end period, and hit search, you can see the June and July numbers for this well.

landownerPermalink Reply by Alan Herrington on September 16, 2026 at 10:30

Mitsui's marketing costs are running about $0.46 per MCF.  Comstock is booking about $1.04 per MCF on their wells.  Comstock owns the pipelines and the treatment plant.  It seems clear they are padding the marketing costs, which means royalty owners who don't have cost-free royalty provisions are losing a significant portion of their potential royalties.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 16, 2026 at 12:27

When I model post production deductions for gathering, treating and transportation here in the Louisiana Haynesville fairway I tend to be conservative and use 30 cents per mcf.  I do know of one specific instance where $1.20 is charged.  Few mineral lessors got an enforceable cost free royalty lease.  And the operators nickel and dime them to death.

46 cents to $1.04 for marketing on top of the other deductions is highway robbery.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on September 16, 2026 at 10:33

Cool, thanks.  No post production deductions except for "marketing" and that expense is pretty stunning.

$486,757.57 and $560,201.51.

landownerPermalink Reply by Alan Herrington on October 2, 2026 at 6:42

August production:  1,049,487 MCF.  Four consecutive months above 1 million MCF.  Best well to date in the Western Haynesville.

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