Comment

Comment by David Crockett on November 14, 2018 at 3:57pm

I see the Crowell well in Rapides parish #251311 has been updated today. 

November 8-detail: 10/17/18 tested Cameron BOP to 3500 PSI for 30 mins, test OK. 10/23/18, drilling @ 11,817. 10/29/18 tested Cameron BOP to 3500 PSI for 30 mins, test OK. 11/7/18, running and cementing 9 5/8” casing, TD 14,915’

11/14/18    11/8/18, set 9 5/8” @ 14,861’ w/ 986 bbls cem, TD 14,915’. 11/8/18, tested Cameron BOPS to 10,000 PSI for 30 mins, test ok. 11/13/18, jarring on stuck pipe @ 15,933’

Comment by Skip Peel - Independent Landman on October 19, 2018 at 12:23pm

Hard to say, I'm not very familiar with land owner rights in a BLM minerals unit.  I' m unaware to the "lease holders" you mention so I can't comment.

Comment by Lisa Melder-Johnson on October 19, 2018 at 12:19pm

Does being in a BLM leased drilling unit hurt private land owners, because they don't have to pay lease money to us.  And are these BLM lease holders in it only for a resale for profit.

Comment by Skip Peel - Independent Landman on October 18, 2018 at 12:38pm

Try this  discussion but also use the site search option in the far upper right corner of each page.  Enter a key word and hit "Search".  Torrent has been mentioned in several discussions.

https://gohaynesvilleshale.com/group/austinchalk/forum/topics/torre...

Comment by Matt Hall on October 18, 2018 at 12:24pm

I did a google search on Torrent, looks like they are in the business of re-entering old wells. The Sewell well looks like the only well in all 8 units. Is that an old AC well?

Comment by Ms.Dragonslaya on October 18, 2018 at 11:36am

Thank you so much for the information.  My acreage is only 1.10 acres in Township 4 North, range 3 West.  The letter from Torrent mentions  A Sewell No. 1 Well, located in Section 23, Township 4 North, Range 3 West in Rapides Parish.  The letter states Torrent plans to apply to Commissioner of Conservation  for an issurance of an order pertaining to Austin Chalk Zone in Bayou Rapides, Louisiana. 

As always, your information is MUCH appreciated.  Grateful...,

Comment by Skip Peel - Independent Landman on October 18, 2018 at 11:25am

Notice letters go out to mineral and surface owners of record within a proposed drilling unit and to those adjacent to a distance of 1000'.  Notice is required to form a "compulsory" unit which provides the applicant with the ability to force pool all mineral interests within the boundary.  This would include un-leased mineral owners and companies or individuals who hold O&G leases.  The end result is that your minerals can be produced without your consent - however Louisiana does have mineral laws which provide some benefit for those mineral owners who may choose to go non-consent.

The short explanation is that an operating company can withhold payment on the production for the pro rata share of the un-leased interest in the unit until such time as a well reaches payout.  After payout, an un-leased mineral interest receives their share of production revenue less deductions for Lease Operating Expenses (LOE).  Be advised that horizontal wells are very expensive and quite a few up here in the Haynesville Shale either never reached payout or only did achieve payout when the production had significantly declined meaning low income for the un-leased owner.

Practically speaking, operating companies would rather have all their owners in a unit leased.  They can however tolerate a certain percentage of un-leased acres in a unit.  This means that those with large acreage in a unit need to be under lease for the operator to reap a satisfactory profit.  Smaller interests are more vulnerable to being force pooled.

Comment by Ms.Dragonslaya on October 18, 2018 at 11:07am

Yes.  I was wondering about forced pooling.  Our property is in the township and section.  Not living there, but lots of neighbors still living there.  Wondering what affect on them, too.

Comment by Skip Peel - Independent Landman on October 18, 2018 at 10:45am

Are you wondering about Force Pooling?  Or, development activity?  Or, the possibility of royalty income?

Comment by Ms.Dragonslaya on October 18, 2018 at 10:40am

I received a letter about force pooling and a map of the area from Torrent Oil in the Bayou Rapides field. I grew up there and wonder how this is going to affect people living there.

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