If you don't have time to listen to the Cabot call tomorrow, look for a transcript. They made the statement (in latest press release) that they have two horizontal Bossier wells drilling in the County Line field. Who has a rig locator?
At Minden, the Company recently completed its first horizontal Cotton Valley Taylor sand well with an initial rate of 9.5 Mmcf per day. This well has performed extremely well with a 30-day average rate of 7.9 Mmcf per day. "We are pleased with both the initial results and the production stability of this well," said Dinges. "These rates significantly enhance the economics for Cotton Valley development in a lower price environment, and to that end, we have identified 50 to 60 potential locations."
Also, in response to the soft price for natural gas near-term, the Company initiated an effort to exploit the horizontal Pettet at County Line - a known oil reservoir. "We have completed our confirmation wells of the Pettet Lime oil reservoir under the James Lime field. The most recent well confirms the initial discovery drilled by Cabot this past spring," stated Dinges. The Sustainable Forest #5 tested the Pettet in April 2009 with a 4,700-foot lateral and a ten-stage slickwater frac. The well IP'd to sales at 842 barrels of oil per day plus 1.4 Mmcf per day at 1,300 pounds flowing casing pressure. The 30-day average rate was 519 barrels of oil per day plus 2.0 Mmcf per day.
The confirmation well, the Timberstar Redditt #4, drilled about 4,000 feet from the discovery, was spud in May 2009 and tested the Pettet in a 5,200-foot lateral with a ten-stage frac. This well flowed to sales at an initial IP rate of 504 barrels of oil per day plus 1.2 Mmcf per day. Over the first nine days of production, the well flowed at an average of 465 barrels of oil per day plus 584 Mcf per day.
"Because Pettet oil economics are superior to the James at current commodity prices, we will shift some capital from the James program to the Pettet," added Dinges. "We have recently spud our third Pettet well and if the price disparity between natural gas and oil persists, we plan to expand the program further in 2010."
Doug, It sounded like to me they are looking to develop their resources any way they can to maximize return. Sounds good to me. I'd rather sell gas later than now if the price is better. Is that close to what you got out of it?
Hey guys, ALongview had a good post in East Texas Shale News. Cabot, Southwestern and Common Resources filed a JOA on acreage in San Augustine to drill the Haynesville/Bossier.
ALongview,
I can't find your post in East Texas Shale News which jffree is referring to, on this site, on July 28th. Which abstract is this permit in and what does JOA stand for. I am assuming a joint permit. Thanks
By OGJ editors
HOUSTON, Aug. 5 – Devon Energy Corp., Oklahoma City, said it has substantially derisked 74,000 of its 110,000 net acres in the Haynesville shale gas play in the greater Carthage, Tex., area and has identified about 800 drilling locations on the acreage.
The company estimated a resource of more than 3 tcf of gas equivalent on the 74,000 acres.
Devon is drilling a well in San Augustine County to evaluate its acreage in the southern part of the Haynesville play.
Been a while since we have heard from Oil Voice but OV is back:
Missing Out Of The Major Gas In Haynesville Shale Play
Chesapeake Energy has missed out of major gas production that will be produced from the Haynesville in Sabine and San Augustine Counties of Texas. They should have 20 times the acreage position than they have now in Sabine County. They have always explored and have been very successfull in the deeper part of most plays. I do not understand why they have been so limited to date of the exploration of the best part of the Haynesville shale play. If they don't get started very soon, they will lose alot of needed profit to shareholders. Devon and Crimson are believers by drilling in San Augustine county. Looks like Range Production will prove Sabine productive after they drill the 2 wells that they have planned now.
Looks like the Jurassic Exploration Inc and the Kite Energy LLC posts are by the same person/people. At least now you can see they are trying to put up some of their own money and not just opinions to gain more exposure in the Haynesville.
Good find ALongview. Most have probably seen this map that Kite Energy has of the play but thought I would go ahead and post a link anyway. Covers all of San Augustine and Sabine Counties.
Has anyone done research into OV and Kite Energy? I know it's encouraging to read positive articles but who are these guys? Are they credible? I hope so but they sound like PR firms spinning a story for their own benefit. When I read that their posts are by the same person, I see a flashing red light and hear an audible alarm going off.
skip, if you do a lttle search you can see that they have been in the business a while and have had some deals go their way and some that didn't work out so well for all parties involved. I won't throw any names around as that would not be appropriate in my opinion but you can find them easily. Gregg county records is one source that looked interesting :) .
Skip, also it was not oilvoice(that is the website), it was Jurassic exploration and kite that make all the positive , and hopefully accurate posts on oilvoice.
JE is out of Longview. They are in the business and register with Texas RRC. Looks like they have some drilling history. I just wish they would give up their sources for their post. So far I like what they have given us.
Skip, several of us have done lookups on JE. Not much to find. We also discussed them at length in ALongviews discussion "Jurassic Exploration Where Are You" in this group. I think they leased up some land in the area last summer and are trying to pump up some interest in what they have. I enjoy reading what they post (being ever hopeful that I am in the shale) but I am like Mike... I wish they would post some sources for where they are getting their information (if they have any).
I just looked at the Kite website (at least they have one, more than I can say for JE) and most of what they have posted is about what other companies are doing in East Texas (Encana/Amaruso field for example). They have the only map I have see anywhere which shows HA Shale that far south.
I don't enjoy being the "wet blanket" but I think we need to keep these posts in perspective.
jffree1 and Alongview. I would like for all the encouraging reports to be true. However, I do not think E. TX. is immune from the slick PR being practiced by a number of companies touting HA prospective leasehold in NW LA. Southern Star and Mainland Resources being two that have been discussed. There are others and some have professional looking web sites and professional sounding press releases. I do not claim to know how much of their pronouncements are fact and how much fiction. Their actions just make me suspicious. And, IMO, should be viewed with a healthy dose of skepticism.
Skip, You are correct in your suggestion to be cautious about companies and websites with flashy claims of success. They are hopingthat their claims are correct so that they can capitalize on leases they have purchased. This particular situation is no different. They need these big operators to come in to the areas that they are touting because they don't have the kind of capital it takes to drill these wells on their own. They may have been drilling shallow oil wells a few years ago under a different name but this is a whole new ballgame with $8m wells and 25% royalty, not to mention bonuses in the thousands per acre. The well capitalized operators are setting the market in the haynesville and the small guys get left out if they didn't hold acreage already by production. With all that I have learned from people like you and jffree1 on this site, I feel like I have a much better chance at success in this crazy game. Thanks for the good advice but I gotta hope some too : ) !!!!!
A little hope is a good thing. Just not what sound business decisions should be based on. Hope but maintain a healthy dollop of skepticism. Patience and a little improvement in the price of natural gas is what the whole play needs. Especially E. TX. Good Luck.
Ok, Now for some GOOD news for San Augustine from the East Texas Drilling Report:
San Augustine County
Common Resources completed the Red River 164 Well No. 1 to 17,214 feet 2.3 miles southwest of Tavener in the Bossierville Field. On a 22/64-inch choke the well potentialed 13.418 million cubic feet of gas in the Bossier Shale.
By OGJ editors
HOUSTON, Aug. 12 – Devon Energy Corp., Oklahoma City, is drilling the Kardell-1 Jurassic Haynesville exploratory well in San Augustine County, Tex.
Log analysis while drilling through the Cretaceous James lime formation at 8,000 ft was encouraging, said 50% interest owner Crimson Exploration Inc., Houston.
The vertical pilot well is at 13,000 ft going to 13,500 ft. Cores are to be taken in Middle Bossier, James lime, and Haynesville shale before the horizontal section is drilled, probably in late October or early November.
Just curious. I wonder how far south the leasing has gone? What is the name of the survey fatherest south that a company has leased on? Wondering where they stopped.
Wilma Watts posted this under "Crimson Presentation Gives Gammage Estimate" but I wanted to post it on the SA County comment page.
Jurassic Exploration:
Three Most Active Texas Counties For Haynesville Shale
Shelby, Sabine, San Augustine counties are seeing alot of exploration activity as to the Haynesville shale.Rumor has it that Chesapeake and Petrohawk have drilled in Shelby county 2 excellant wells horizontal in the Haynesville shale. The information has not been officially reported, but should be soon.Crimson has made a public statement that the James Lime section cored in the well they are drilling now in San Augustine with Devon as the operator was very promising. This well is located due east of City limits of San Augustine, Texas. All of the stacked pay zones that are present, makes these 3 counties very popular. Its looking like a mirror to the Barnett shale moving south more and more as drilling continues. IP's are probably going to increase as time goes on in these counties. There will be alot more rigs moving to these 3 counties very soon. The boom is on now!
Posted by Jurassic Exploration Inc on Sunday, August 16, 2009 15:10
New from the East Texas Drilling Report this morning.
San Augustine County
The Cecilia Boles 1H and Timberstar-BP-Railroad 153 1H have been completed by Southwestern Energy in Angie Field. The Cecilia Boles 1H is 5.4 miles north of Attoyac at 13,283 feet and potentialed 8.161 million cubic feet of gas on a 40/64-inch choke. The Timberstar-BP-Railroad 1H is five miles northeast of Attoyac at 7,421 feet and potentialed 7.650 million cubic feet of gas on a 39/64-inch choke. Production is in James Lime.
Cabot Oil & Gas completed the Winston Unit Well No. 1-H to 12,559 feet 7 miles northwest of San Augustine in the Angie Field.
On a 20/64-inch choke the well potentialed 3.873 million cubic feet of gas in the James Lime.
Does anyone know what a Temporary Subsurface Easement is and if a $1000 per well drilled is a reasonable offer for San Augustine County? Also, the term of the agreement is for 30 years. Is that reasonable? We received such an offer from Cabot Oil and Gas. Any information or insight on this type of easement is appreciated. Thanks.
Probably need to clarify that the $1000 mentioned below is my portion of the easement agreement. Total pay out to all parties is approximately $15,000. Thanks again for any information.
Groovy 47, I suggest that you repost this question in the "Pipelines & Easements" topic under the TALK SHALE tab at the top of the page. To find go to Talk Shale tab and scroll down to By Topic. You get a new page. Then scroll down to find the Pipeline topic.
Your question may have already been discussed under this topic. Good luck.
In a lease 5.2 miles northeast of Attoyac in the Bossierville Field, the Red River 619 Well No.1 has been completed by Common Resources L.L.C. This well bottoms at 12,864 feet. When gauged on a 24/64- inch choke, the well potentialed 16.669 million cubic feet of gas. Production is in the Bossier Shale formation
Southwestern Energy completed the ADJ Minerals GU 2 Well No. 1H to 13,285 feet 4.7 miles northeast of Attoyac in the Angie Field. The well potentialed 10.705 million cubic feet of gas on a 33/64-inch choke. Production is in the James Lime.
The price of leases left to be leased or to be bought from others holding leases will go higher now because of the huge Devon well in San Augustine County, Texas. Prices could go as high as $30,000 - $50,000 /acre because that is the price that has been paid in Desota Parish,La this year. That Parish doesn't have all the payzones that are present in Sabine, San Augustine and Shelby Counties of Texas. The earthquakes in the area that busted up this haynesville shale and the other formations above it back in 1847-1999 should get most of the credit as to this huge well. There were several that measured above 5 on the richter scale in this area. One could argue this, but you better do your homework first. Almost all of the major oil and gas fields in Texas are present where earthquake's have been recorded to date with a 5 or greater on the richter scale.
And some of you guys have doubted Jurassic Explorations. Well...pardon the pun..they have been right so far.
Thanks JWC. I looked this morning but could not find any reference to the Devon well. The earthquake scenario is news..to me anyway.
Does anyone have any references for Desota Parish, La. bonus amounts for this year??? State leases or individual???
E & E posted a discussion on the main page about a rumored 39,000.00/ac that was supposed to have been paid last year. No one has verified it but it has been suggested that it may have been a state auction and that it could have included a drill site. I would not begin to think that we will get offers like that in East Texas. Too many people STILL happy to sign up at 500.00/ac.
Your welcome Cheerleader. You know if you go back to some of JE's early posts they mentioned how the Southern part of the play would be deeper, but better. They really talked up the Southern part of the play early.
jffree1
Jul 19, 2009
jffree1
Jul 24, 2009
Doug Fitzgerald
At Minden, the Company recently completed its first horizontal Cotton Valley Taylor sand well with an initial rate of 9.5 Mmcf per day. This well has performed extremely well with a 30-day average rate of 7.9 Mmcf per day. "We are pleased with both the initial results and the production stability of this well," said Dinges. "These rates significantly enhance the economics for Cotton Valley development in a lower price environment, and to that end, we have identified 50 to 60 potential locations."
Also, in response to the soft price for natural gas near-term, the Company initiated an effort to exploit the horizontal Pettet at County Line - a known oil reservoir. "We have completed our confirmation wells of the Pettet Lime oil reservoir under the James Lime field. The most recent well confirms the initial discovery drilled by Cabot this past spring," stated Dinges. The Sustainable Forest #5 tested the Pettet in April 2009 with a 4,700-foot lateral and a ten-stage slickwater frac. The well IP'd to sales at 842 barrels of oil per day plus 1.4 Mmcf per day at 1,300 pounds flowing casing pressure. The 30-day average rate was 519 barrels of oil per day plus 2.0 Mmcf per day.
The confirmation well, the Timberstar Redditt #4, drilled about 4,000 feet from the discovery, was spud in May 2009 and tested the Pettet in a 5,200-foot lateral with a ten-stage frac. This well flowed to sales at an initial IP rate of 504 barrels of oil per day plus 1.2 Mmcf per day. Over the first nine days of production, the well flowed at an average of 465 barrels of oil per day plus 584 Mcf per day.
"Because Pettet oil economics are superior to the James at current commodity prices, we will shift some capital from the James program to the Pettet," added Dinges. "We have recently spud our third Pettet well and if the price disparity between natural gas and oil persists, we plan to expand the program further in 2010."
Jul 26, 2009
intrepid
Jul 27, 2009
jffree1
Jul 27, 2009
Doug Fitzgerald
Jul 27, 2009
intrepid
Jul 27, 2009
Lessor
Jul 28, 2009
jffree1
Jul 28, 2009
Cheerleader
I can't find your post in East Texas Shale News which jffree is referring to, on this site, on July 28th. Which abstract is this permit in and what does JOA stand for. I am assuming a joint permit. Thanks
Aug 3, 2009
jffree1
http://www.gohaynesvilleshale.com/forum/topics/southwestern-cabot-common
Aug 3, 2009
Skip Peel - Mineral Consultant
Texas-East
Published: Aug 5, 2009
By OGJ editors
HOUSTON, Aug. 5 – Devon Energy Corp., Oklahoma City, said it has substantially derisked 74,000 of its 110,000 net acres in the Haynesville shale gas play in the greater Carthage, Tex., area and has identified about 800 drilling locations on the acreage.
The company estimated a resource of more than 3 tcf of gas equivalent on the 74,000 acres.
Devon is drilling a well in San Augustine County to evaluate its acreage in the southern part of the Haynesville play.
Aug 6, 2009
JWC
Missing Out Of The Major Gas In Haynesville Shale Play
Chesapeake Energy has missed out of major gas production that will be produced from the Haynesville in Sabine and San Augustine Counties of Texas. They should have 20 times the acreage position than they have now in Sabine County. They have always explored and have been very successfull in the deeper part of most plays. I do not understand why they have been so limited to date of the exploration of the best part of the Haynesville shale play. If they don't get started very soon, they will lose alot of needed profit to shareholders. Devon and Crimson are believers by drilling in San Augustine county. Looks like Range Production will prove Sabine productive after they drill the 2 wells that they have planned now.
Aug 9, 2009
ALongview
Aug 9, 2009
JWC
http://www.kiteenergyllc.com/mapofhaynesvilleshale.htm
Aug 9, 2009
Skip Peel - Mineral Consultant
Aug 9, 2009
ALongview
Aug 9, 2009
ALongview
Aug 9, 2009
Skip Peel - Mineral Consultant
Aug 9, 2009
Mike
Aug 9, 2009
jffree1
I just looked at the Kite website (at least they have one, more than I can say for JE) and most of what they have posted is about what other companies are doing in East Texas (Encana/Amaruso field for example). They have the only map I have see anywhere which shows HA Shale that far south.
I don't enjoy being the "wet blanket" but I think we need to keep these posts in perspective.
Aug 9, 2009
Skip Peel - Mineral Consultant
Aug 10, 2009
ALongview
Aug 10, 2009
Skip Peel - Mineral Consultant
Aug 10, 2009
jffree1
San Augustine County
Common Resources completed the Red River 164 Well No. 1 to 17,214 feet 2.3 miles southwest of Tavener in the Bossierville Field. On a 22/64-inch choke the well potentialed 13.418 million cubic feet of gas in the Bossier Shale.
Aug 10, 2009
Skip Peel - Mineral Consultant
Aug 10, 2009
JWC
Aug 13, 2009
Skip Peel - Mineral Consultant
Texas-East
Published: Aug 12, 2009
By OGJ editors
HOUSTON, Aug. 12 – Devon Energy Corp., Oklahoma City, is drilling the Kardell-1 Jurassic Haynesville exploratory well in San Augustine County, Tex.
Log analysis while drilling through the Cretaceous James lime formation at 8,000 ft was encouraging, said 50% interest owner Crimson Exploration Inc., Houston.
The vertical pilot well is at 13,000 ft going to 13,500 ft. Cores are to be taken in Middle Bossier, James lime, and Haynesville shale before the horizontal section is drilled, probably in late October or early November.
Aug 13, 2009
Doug Fitzgerald
Aug 13, 2009
jffree1
Aug 13, 2009
JWC
Aug 14, 2009
JWC
Jurassic Exploration:
Three Most Active Texas Counties For Haynesville Shale
Shelby, Sabine, San Augustine counties are seeing alot of exploration activity as to the Haynesville shale.Rumor has it that Chesapeake and Petrohawk have drilled in Shelby county 2 excellant wells horizontal in the Haynesville shale. The information has not been officially reported, but should be soon.Crimson has made a public statement that the James Lime section cored in the well they are drilling now in San Augustine with Devon as the operator was very promising. This well is located due east of City limits of San Augustine, Texas. All of the stacked pay zones that are present, makes these 3 counties very popular. Its looking like a mirror to the Barnett shale moving south more and more as drilling continues. IP's are probably going to increase as time goes on in these counties. There will be alot more rigs moving to these 3 counties very soon. The boom is on now!
Posted by Jurassic Exploration Inc on Sunday, August 16, 2009 15:10
Location Texas
Aug 16, 2009
Doug Fitzgerald
San Augustine County
The Cecilia Boles 1H and Timberstar-BP-Railroad 153 1H have been completed by Southwestern Energy in Angie Field. The Cecilia Boles 1H is 5.4 miles north of Attoyac at 13,283 feet and potentialed 8.161 million cubic feet of gas on a 40/64-inch choke. The Timberstar-BP-Railroad 1H is five miles northeast of Attoyac at 7,421 feet and potentialed 7.650 million cubic feet of gas on a 39/64-inch choke. Production is in James Lime.
Aug 23, 2009
JWC
http://www.rrc.state.tx.us/bossierplay/index.php
Aug 25, 2009
jffree1
Cabot Oil & Gas completed the Winston Unit Well No. 1-H to 12,559 feet 7 miles northwest of San Augustine in the Angie Field.
On a 20/64-inch choke the well potentialed 3.873 million cubic feet of gas in the James Lime.
Aug 28, 2009
Groovy 47
Aug 29, 2009
Groovy 47
Aug 29, 2009
jffree1
Your question may have already been discussed under this topic. Good luck.
Sep 2, 2009
jffree1
http://blog.resourcemarkets.com/cabot-oil-and-gas-corporations-presentation-a
Sep 9, 2009
jffree1
API #405-30297 to 15000' horz. (Wildcat) approved 9/11/09.
Sep 16, 2009
justin
Oct 6, 2009
jffree1
+++ San Augustine County
In a lease 5.2 miles northeast of Attoyac in the Bossierville Field, the Red River 619 Well No.1 has been completed by Common Resources L.L.C. This well bottoms at 12,864 feet. When gauged on a 24/64- inch choke, the well potentialed 16.669 million cubic feet of gas. Production is in the Bossier Shale formation
http://www.kilgorenewsherald.com/news/2009-10-10/Business/EAST_TEXAS_DRILLING_REPORT.html
Oct 10, 2009
Doug Fitzgerald
San Augustine County
Southwestern Energy completed the ADJ Minerals GU 2 Well No. 1H to 13,285 feet 4.7 miles northeast of Attoyac in the Angie Field. The well potentialed 10.705 million cubic feet of gas on a 33/64-inch choke. Production is in the James Lime.
Nov 1, 2009
jffree1
Nov 1, 2009
JWC
The price of leases left to be leased or to be bought from others holding leases will go higher now because of the huge Devon well in San Augustine County, Texas. Prices could go as high as $30,000 - $50,000 /acre because that is the price that has been paid in Desota Parish,La this year. That Parish doesn't have all the payzones that are present in Sabine, San Augustine and Shelby Counties of Texas. The earthquakes in the area that busted up this haynesville shale and the other formations above it back in 1847-1999 should get most of the credit as to this huge well. There were several that measured above 5 on the richter scale in this area. One could argue this, but you better do your homework first. Almost all of the major oil and gas fields in Texas are present where earthquake's have been recorded to date with a 5 or greater on the richter scale.
Nov 3, 2009
Cheerleader
Thanks JWC. I looked this morning but could not find any reference to the Devon well. The earthquake scenario is news..to me anyway.
Does anyone have any references for Desota Parish, La. bonus amounts for this year??? State leases or individual???
Nov 3, 2009
jffree1
Nov 3, 2009
JWC
Nov 3, 2009
JWC
Nov 4, 2009
ogmladvisor
Nov 4, 2009