Nah, I'll have to wait on the production reports. I have to think too hard when it comes to all of those different strata down there. It's a horizontal well and I don't understand all I read about TD as opposed to TVD, etc...
I tried to follow skip's decline curve discussion and got sorta lost there too. Way technical stuff but very interesting. Now if I only had some mailbox money.......
Reply by ALongview 1 day ago (to discussion "Current Bonus Money offering")
We had a draft from Devon clear on Friday in Sabine County. It was paid 10 days early too. This is our second draft from Devon and they have been a pleasure to work with on everything.
I'm sorry if I confused you Phillip. I was posting on Sabine County what Alongview had already posted on another page concerning his lease. I have not signed with anyone. I've have one offer of 250.00/ac.
CEO: Haynesville Shale is fourth largest in the world
By Vickie Welborn • vwelborn@gannett.com • November 7, 2008 2:00 am
The Haynesville Shale is likely to become America's largest natural gas field and perhaps the fourth largest in the world, Chesapeake Energy Chairman and CEO Aubrey McClendon disclosed Wednesday in a conference call with its newest partner, Plains Exploration and Production Co.
Oklahoma-based Chesapeake is so committed to development of the deep underground natural gas reserve spread across several parishes in northwest Louisiana and into east Texas that it so far has invested $2.5 billion, McClendon said.
The conference call and audio webcast from Chesapeake's corporate headquarters follows Tuesday's announcement of a joint venture between Chesapeake and Plains Exploration and Production Co., also known as PXP. As part of the deal, PXP will pay $1.65 billion for 20 percent interest in Chesapeake's lease holdings on the Haynesville Shale.
PXP also will fund 50 percent of the drilling and completion costs in Chesapeake's remaining 80 percent interest until an additional $1.65 billion has been paid. The end result is that PXP will hold 110,000 acres and Chesapeake, 440,000 acres, on the Haynesville Shale.
McClendon's confidence in the Haynesville Shale's ability to produce such volumes of natural gas is based on two years of research. More than 70 well penetrations into the deep shale in an area considered the core were analyzed, along with hundreds outside of the core, he said.
McClendon remains vague, though, on the boundaries of the Haynesville Shale. The "four corners," as he described them, of the play are being somewhat defined because of drilling activities.
But he's confident the underground reserve is spread over 3.5 million acres that falls in the core area. He would not specify how much is in Louisiana and how much spills into east Texas.
"I don't want to give a complete roadmap to others," he said.
James C. Flores, PXP's president and CEO, said his company joined Chesapeake after poring over its data collected on the Haynesville Shale.
It has consistent high properties throughout. And "excellent recovery stats to date," Flores said.
"Our conclusion (is) "» the Haynesville is a world class reservoir, and Chesapeake's position smack dab in the middle of it will be a great position for PXP.
"Chesapeake and PXP plan to aggressively develop the acreage."
McClendon described the Haynesville Shale as a "highly pressured formation" having twice the pressures of the Barnett and Fayetteville shales. And there's no comparison, he said, to the first eight horizontal wells drilled on the Haynesville — all being in Louisiana — and the first eight on the Barnett and Fayetteville shales.
"These wells pay back pretty quickly "» and not quite a financial strain as you would think," McClendon said.
The eight wells are producing anywhere from 5 million to 15 million cubic feet of natural gas a day on restricted chokes. Barnett Shale wells are producing less at open choke.
McClendon joked that the Barnett wells often are referred to as monster wells, so with the Haynesville Shale's wells being about three times more productive, they should be referred to as "triple X monsters."
The wells, which he described as being in a class of their own, will only get better with time.
"The amazing part about this reservoir is the consistency of it and simplicity of it. "» This one is a different animal because of the ferocity and dynamics of it," Flores said.
From an infrastructure perspective, the north Louisiana area is a perfect spot, McClendon said. It has plenty of water, was ready for drilling, already had gas pipelines in place and it was "relatively easy" to get the lease acreage put together.
And the proximity to the market also makes it easier to get the gas out at a reduced cost, he said.
Flores noted that Louisiana is one of the biggest net consumers of natural gas in the nation. To be a supplier of its own natural gas will have tremendous impact across the state.
Chesapeake plans to have 12 rigs online by year's end, 30 by 2009 and 60 by 2010. The company anticipates drilling 600 wells over the next three years. It has 27 rigs on order and will contract with third parties to put together the additional equipment that is needed.
McClendon does not anticipate that Chesapeake will sell any of its Haynesville Shale interest. Instead, the company will be looking for more to buy and lease. Approximately 4,000 landmen are in the field. Chesapeake is working with Twin Cities in Shreveport in that effort.
"We hope to be the only game in town for the owners of small blocks of land," McClendon said.
Along another line, McClendon said the Haynesville Shale discovery should open the door for the United States to more widely market natural gas. The country is 99 percent self-sufficient on natural gas, he said.
McClendon pledged to put on a "full-court press" to try to get people to recognize that fuel stations retrofitted for natural gas is the best option to the dependence on foreign oil.
"It's a potentially hugely liberating event for our country. "» We've probably doubled America's reserves with this play."
Phillip, We had the same experience with them. 10 days early! We had the same great experience with Endeavor, they paid via check. Our land is in D. Huffman and R Slaughter/GH Love. Where is your land?
ALongview I found the R. Slaughter on the west side of San Augustine Co. that's the other side of the Co. from me I'm just over the line in Sabine and I did'nt find the other two surveys
This is already posted on SA County but I thought someone might miss it if I didn't post both counties.
Here's my latest grapevine news (which came from a landman in Hemphill, and I promised not to say who):
Devon is finishing up all leasing for the 2008 budget. When the budget funds for 2009 leasing are released, they will begin a new round of leasing in Sabine, San Augustine and Shelby Counties.
EOG is also at the end of 2008 budget looking toward 2009. More active in San Augustine than Sabine. Doesn't look like they are leaving the area anytime soon.
Crimson is still in Sabine (don't know about SA) but are in reduction mode. Have let go of some office space.
No word yet on what offers will be like in '09. EOG has already dropped theirs to 2500.00/ac. in SA Co.. Don't know if Devon will follow suit or maintain their 5K of '08.
IMO, yes the bonus is imporant. But, getting a good lease with terms that will pay additional for roads, well pads, pipeline, etc..., good (25%) royalty (low or no cost) with a company who intends to drill and produce is MORE important. JF
Hello Sabine County! I was just wondering how many oil and gas folks are still there in ya'lls town? There are still several ones here in San Augustine County... Leasing has slowed down but hopeful it will start back the first of the year.
Hey Shelly. We're still here. We all got excited last week because we finally got a new well permit. Looking for more after the first of the year but it could be after the changing of the guard up in Washington...
Merry Christmas to all my neighbors in Sabine County. Here's my Christmas list for Santa: A good lease next year and at least one MONSTER well. (I know, I know)
Sandstone, Why do you say that it looks like good news for the southern end of Sabine County? I hope so but don't understand why.
Thanks for any insight!
Because this well is in the southern end of Sabine Parish just across the lake and I am believing that the gas runs under the lake into Sabine County across from Hemphill and Six Mile.
That is good news. I didn't know exactly where that well was. I sure wish we could see some action in Sabine County soon. Probably will when prices pick back up.
I really think it is going to pick up this first quarter of the year whatever the price. O & G companies are also long term thinkers. Everything crashed last quarter, as it always does at the end of the budget year. Of course, the price is not helping but they have seen it before.
Crimson Exploration Inc. Monday, February 23, 2009
Crimson Exploration announced results of production and drilling activity for the fourth quarter of 2008 and year-end 2008 reserves.
Haynesville Acreage Acquisition
As previously announced, we acquired during the third and fourth quarters of 2008 approximately 13,000 net undeveloped acres in Sabine, Shelby and San Augustine counties, Texas on which we will target the Haynesville Shale, James Lime, and Travis Peak formations. We are currently developing a drilling strategy for this acreage, including unit and well spacing, with the expectation that we will commence our first vertical test during the second quarter of 2009. We will continue to acquire additional acreage that complements our existing position for the remainder of the year, and expect to have an active drilling program in this area by early 2010
Crimson did have a office in San Augustine. Not sure where they are now. I think they moved from their original location on Columbia Street across from Encana.
Suzanne, I think the only one possibly leasing in Sabine County right now may be Devon. That's D.J. Energy, and the office is on north side of the square in San Augustine, John Fisher Law Center Bldg. But they are only leasing in areas specific to the leasehold they already had at the end of the year. As far as I know, no one is keeping offices in Hemphill right now. Where is your land located in Sabine County?
Cabot increased their acreage around their County Line project in the last few months. Cabot has now drawn the area for the Haynesville/Bossier shale much further south into San Augustine and Sabine county. Similar to how Encana and Common Resources are mapping this play. It also seems that the County Line project is gaining emphasis.
jffree1
Thanks for the response. My land is located between Brookeland and Pineland off of FM201. It is surrounded by the National Forest and (use to be Temple Industries) in the Moore Plantation area.
From OilVoice on the Web:
Chesapeake Energy and others are very busy in the Haynesville Shale now. From Desota Parish,La to the southwestern part of the play into southern part of Shelby County, Texas.The deeper part of the play in San Augustine County ,Texas has seen several operators test the Haynesville ,but have not released any production numbers yet. Several companies are planning Haynesville Shale wells in Sabine,County Texas. Chesapeake,Devon,etc. have leases in Sabine County, Texas. The better wells should be at these deeper depths in this play.
JWC, here is another one from the poster on OilVoice.
Stacked Formations in Sabine County, Texas
The breakdown of formations and there great potential are as follows: 1-Haynesville Shale- 6 BCF, 2.)Bossier Shale- 3 BCF 3.) Knowles Lime-1 BCF 4,)James Lime -3 BCF. Total of 13 BCF. If the Travis Peak,Pettit and Rodessa proves to be productive then there will me more.This county will see alot of drilling activity sooner than later.
Posted by Jurassic Exploration Inc on Monday, March 30, 2009 18:12
Another comment from OilVoice....hope they know what they are talking about.
The wells that have been drilled , drilling and permitted indicate a more of a Northeast to Southwest direction into Texas. This sets up Shelby,Sabine and San Augustine counties to be very active in this play.More likely it will be Devon or XTO to step out and prove up this deeper part of this play.
ALongview, a transportation line was enlarged/updated about five years ago. Other than that, the majority of the infrastructure is getting on in age and probably would not handle extremely high volumes or pressures. That is one reason for the pullback in this county. Drilling is not the only expense to be considered. They would also need to build/upgrade pipelines.
OilVoice:
Operators Scrambling For Southern Haynesville Acreage
It appears that the southern part of the Haynesville Shale play has operators scrambling for a piece of the great southern gas potential in Sabine Parish,La and Sabine Co,Texas. The drilling rigs are moving in a southwestern direction developing this shale from Desota Parish, La. The Barnett Shale play developed in a similiar direction as the Haynesville is being devoloped now.
Haynesville Shale Alive and Well - Barnett Shale About Dead
The companies that were drilling in the Barnett Shale need to pack up and move to the Haynesville Shale ASAP. This is the only play that makes any sense with todays prices of natural gas. The best play is in the southern part where it is deep. There should be larger recoveries in the deeper part of this very interesting play. Shell and Encana are in the deeper part of Louisiana.Sabine and San Augustine counties of Texas will prove to be very productive in the near future in the Haynesville Shale.
More from poster Jurassic Exploration on OilVoice.
Haynesville Shale Could Save A Public Oil and Gas Company
With the cost of drilling and completion down some 40-50% and the reserve potential of 6.5-10 BCF/well potential for the Haynesville Shale could be what every public company needs today in order to survive these tuff times. If any of the companies that have any credit or cash dont find a way into this play, they might not be around in the future. This type of play is what everyone is looking for from an investment stand point. It does not take a Rocket Scientist to see all of the profit potential that this play has today.Its the hottest play in the USA.
Major Pipeline Needed for Southern Part of Haynesville Shale
There will be a need for a major pipeline for the southern part of the Haynesville shale for Sabine and San Augustine counties. There will be several thousand wells drilled with huge recoveries from The Haynesville Shale and all the other multiple potential oil and gas zones that are present.
From Oilvoice:
Haynesville Shale Guarded Drilling Location in Shelby County, Texas
I was informed by a friend of mine that he was denied entrance by a security guard on an EOG drilling location northeast of Center, Texas. When they start drilling in the southern part of the play in Sabine and San Augustine counties, they might even have a tank or two helping guard those Haynesville and Bossier drill sites. Chesapeake Exploration,LLC has over 5,000 acres leased in North Sabine County. They should be developing these minerals very soon. Devon is getting closer to developing their acreage as well in the same area.
From Jurassic Exploration. I hope he/she is right. Very exciting!
Oilvoice:
Oil and Gas Leasing Shelby, Sabine and San Augustine Counties,Texas
With the drilling and exploration cost down and the reserves unchanged these counties are very active as to leasing for minerals.Its looks like several companies from the Barnett Shale play are moving in the area for a piece of the play.Acreage cost should be higher than other areas because this is going to be Texas better part of the play in these mentioned counties.The shale will average about 100-200 feet thick in these counties. It doesnt take much if the rock has good properties.It wouldnt surprise me if acreage cost in the future will be 20,000-30,000/acre.Natural gas prices should be going back up at year end of 2009.
Posted by Jurassic Exploration Inc on Tuesday, April 21, 2009 23:41
Goodrich has another good map showing the shale into Sabine and San Augustine. http://www.goodrichpetroleum.com/presentations/2009.04.15_IPAA_Conference.pdf
landowner
Sandstone
Oct 27, 2008
jffree1
I tried to follow skip's decline curve discussion and got sorta lost there too. Way technical stuff but very interesting. Now if I only had some mailbox money.......
Oct 27, 2008
landowner
Sandstone
Oct 28, 2008
jffree1
10/01/2008 well status 05 measured depth 6545 SET CMT PLUG @ 6700' W/ 223 SX, SET PLUG @ 5700' W/ 219 SX; KICKED OFF; BLDG CURVE
10/09/2008 well status 05 measured depth 8043 DRILLING LATERAL
Oct 28, 2008
jffree1
We had a draft from Devon clear on Friday in Sabine County. It was paid 10 days early too. This is our second draft from Devon and they have been a pleasure to work with on everything.
Nov 5, 2008
landowner
Phillip H
Nov 6, 2008
landowner
ALongview
Nov 6, 2008
jffree1
JF
Nov 6, 2008
landowner
Phillip H
Nov 7, 2008
landowner
Janna
By Vickie Welborn • vwelborn@gannett.com • November 7, 2008 2:00 am
The Haynesville Shale is likely to become America's largest natural gas field and perhaps the fourth largest in the world, Chesapeake Energy Chairman and CEO Aubrey McClendon disclosed Wednesday in a conference call with its newest partner, Plains Exploration and Production Co.
Oklahoma-based Chesapeake is so committed to development of the deep underground natural gas reserve spread across several parishes in northwest Louisiana and into east Texas that it so far has invested $2.5 billion, McClendon said.
The conference call and audio webcast from Chesapeake's corporate headquarters follows Tuesday's announcement of a joint venture between Chesapeake and Plains Exploration and Production Co., also known as PXP. As part of the deal, PXP will pay $1.65 billion for 20 percent interest in Chesapeake's lease holdings on the Haynesville Shale.
PXP also will fund 50 percent of the drilling and completion costs in Chesapeake's remaining 80 percent interest until an additional $1.65 billion has been paid. The end result is that PXP will hold 110,000 acres and Chesapeake, 440,000 acres, on the Haynesville Shale.
McClendon's confidence in the Haynesville Shale's ability to produce such volumes of natural gas is based on two years of research. More than 70 well penetrations into the deep shale in an area considered the core were analyzed, along with hundreds outside of the core, he said.
McClendon remains vague, though, on the boundaries of the Haynesville Shale. The "four corners," as he described them, of the play are being somewhat defined because of drilling activities.
But he's confident the underground reserve is spread over 3.5 million acres that falls in the core area. He would not specify how much is in Louisiana and how much spills into east Texas.
"I don't want to give a complete roadmap to others," he said.
James C. Flores, PXP's president and CEO, said his company joined Chesapeake after poring over its data collected on the Haynesville Shale.
It has consistent high properties throughout. And "excellent recovery stats to date," Flores said.
"Our conclusion (is) "» the Haynesville is a world class reservoir, and Chesapeake's position smack dab in the middle of it will be a great position for PXP.
"Chesapeake and PXP plan to aggressively develop the acreage."
McClendon described the Haynesville Shale as a "highly pressured formation" having twice the pressures of the Barnett and Fayetteville shales. And there's no comparison, he said, to the first eight horizontal wells drilled on the Haynesville — all being in Louisiana — and the first eight on the Barnett and Fayetteville shales.
"These wells pay back pretty quickly "» and not quite a financial strain as you would think," McClendon said.
The eight wells are producing anywhere from 5 million to 15 million cubic feet of natural gas a day on restricted chokes. Barnett Shale wells are producing less at open choke.
McClendon joked that the Barnett wells often are referred to as monster wells, so with the Haynesville Shale's wells being about three times more productive, they should be referred to as "triple X monsters."
The wells, which he described as being in a class of their own, will only get better with time.
"The amazing part about this reservoir is the consistency of it and simplicity of it. "» This one is a different animal because of the ferocity and dynamics of it," Flores said.
From an infrastructure perspective, the north Louisiana area is a perfect spot, McClendon said. It has plenty of water, was ready for drilling, already had gas pipelines in place and it was "relatively easy" to get the lease acreage put together.
And the proximity to the market also makes it easier to get the gas out at a reduced cost, he said.
Flores noted that Louisiana is one of the biggest net consumers of natural gas in the nation. To be a supplier of its own natural gas will have tremendous impact across the state.
Chesapeake plans to have 12 rigs online by year's end, 30 by 2009 and 60 by 2010. The company anticipates drilling 600 wells over the next three years. It has 27 rigs on order and will contract with third parties to put together the additional equipment that is needed.
McClendon does not anticipate that Chesapeake will sell any of its Haynesville Shale interest. Instead, the company will be looking for more to buy and lease. Approximately 4,000 landmen are in the field. Chesapeake is working with Twin Cities in Shreveport in that effort.
"We hope to be the only game in town for the owners of small blocks of land," McClendon said.
Along another line, McClendon said the Haynesville Shale discovery should open the door for the United States to more widely market natural gas. The country is 99 percent self-sufficient on natural gas, he said.
McClendon pledged to put on a "full-court press" to try to get people to recognize that fuel stations retrofitted for natural gas is the best option to the dependence on foreign oil.
"It's a potentially hugely liberating event for our country. "» We've probably doubled America's reserves with this play."
Nov 7, 2008
landowner
Phillip H
Nov 17, 2008
landowner
ALongview
Nov 17, 2008
landowner
Phillip H
Nov 18, 2008
landowner
ALongview
Nov 18, 2008
landowner
Phillip H
Nov 18, 2008
landowner
ALongview
Nov 18, 2008
landowner
ALongview
Nov 18, 2008
landowner
Phillip H
Nov 18, 2008
jffree1
Here's my latest grapevine news (which came from a landman in Hemphill, and I promised not to say who):
Devon is finishing up all leasing for the 2008 budget. When the budget funds for 2009 leasing are released, they will begin a new round of leasing in Sabine, San Augustine and Shelby Counties.
EOG is also at the end of 2008 budget looking toward 2009. More active in San Augustine than Sabine. Doesn't look like they are leaving the area anytime soon.
Crimson is still in Sabine (don't know about SA) but are in reduction mode. Have let go of some office space.
No word yet on what offers will be like in '09. EOG has already dropped theirs to 2500.00/ac. in SA Co.. Don't know if Devon will follow suit or maintain their 5K of '08.
IMO, yes the bonus is imporant. But, getting a good lease with terms that will pay additional for roads, well pads, pipeline, etc..., good (25%) royalty (low or no cost) with a company who intends to drill and produce is MORE important. JF
Nov 19, 2008
landowner
Shelley
Dec 9, 2008
jffree1
Dec 16, 2008
jffree1
JF
Dec 24, 2008
landowner
Sandstone
01/05/2009 36 9499 WAITING ON PIPELINE
12/29/2008 36 9499 RAN TUBING TO 6010' W/ PACKER; WOPL
12/22/2008 09 9499 FLARE & TEST
This looks like good news for the southern end of Sabine County also.
Isn't there a pipeline on the Texas side of Toledo Bend that runs across to Jasper County?
Jan 19, 2009
landowner
ALongview
Thanks for any insight!
Jan 20, 2009
landowner
Sandstone
Jan 20, 2009
landowner
ALongview
Jan 20, 2009
landowner
Sandstone
Jan 20, 2009
landowner
JWC
Approved 12/10/2008 Submitted 12/05/2008 675916 403-30444 MAXIMA ENERGY CORPORATION (534453) MCGRAW 1 06 SABINE Vertical New Drill - 8000 Approved
I know Maxima Energy is out of Kilgore.
Jan 28, 2009
jffree1
Crimson Exploration announced results of production and drilling activity for the fourth quarter of 2008 and year-end 2008 reserves.
Haynesville Acreage Acquisition
As previously announced, we acquired during the third and fourth quarters of 2008 approximately 13,000 net undeveloped acres in Sabine, Shelby and San Augustine counties, Texas on which we will target the Haynesville Shale, James Lime, and Travis Peak formations. We are currently developing a drilling strategy for this acreage, including unit and well spacing, with the expectation that we will commence our first vertical test during the second quarter of 2009. We will continue to acquire additional acreage that complements our existing position for the remainder of the year, and expect to have an active drilling program in this area by early 2010
Feb 23, 2009
landowner
JWC
Feb 24, 2009
landowner
Shelley
Feb 24, 2009
landowner
Suzanne Gilbert
Feb 24, 2009
jffree1
Mar 8, 2009
DR
Page 10-11
http://www.cabotog.com/pdf/Howard_Weil_2009.pdf
Mar 24, 2009
landowner
Suzanne Gilbert
Thanks for the response. My land is located between Brookeland and Pineland off of FM201. It is surrounded by the National Forest and (use to be Temple Industries) in the Moore Plantation area.
Mar 25, 2009
landowner
JWC
Chesapeake Energy and others are very busy in the Haynesville Shale now. From Desota Parish,La to the southwestern part of the play into southern part of Shelby County, Texas.The deeper part of the play in San Augustine County ,Texas has seen several operators test the Haynesville ,but have not released any production numbers yet. Several companies are planning Haynesville Shale wells in Sabine,County Texas. Chesapeake,Devon,etc. have leases in Sabine County, Texas. The better wells should be at these deeper depths in this play.
Mar 30, 2009
DR
Stacked Formations in Sabine County, Texas
The breakdown of formations and there great potential are as follows: 1-Haynesville Shale- 6 BCF, 2.)Bossier Shale- 3 BCF 3.) Knowles Lime-1 BCF 4,)James Lime -3 BCF. Total of 13 BCF. If the Travis Peak,Pettit and Rodessa proves to be productive then there will me more.This county will see alot of drilling activity sooner than later.
Posted by Jurassic Exploration Inc on Monday, March 30, 2009 18:12
Mar 31, 2009
landowner
ALongview
Mar 31, 2009
landowner
JWC
The wells that have been drilled , drilling and permitted indicate a more of a Northeast to Southwest direction into Texas. This sets up Shelby,Sabine and San Augustine counties to be very active in this play.More likely it will be Devon or XTO to step out and prove up this deeper part of this play.
Mar 31, 2009
landowner
ALongview
Mar 31, 2009
jffree1
Apr 1, 2009
jffree1
Apr 1, 2009
landowner
JWC
Operators Scrambling For Southern Haynesville Acreage
It appears that the southern part of the Haynesville Shale play has operators scrambling for a piece of the great southern gas potential in Sabine Parish,La and Sabine Co,Texas. The drilling rigs are moving in a southwestern direction developing this shale from Desota Parish, La. The Barnett Shale play developed in a similiar direction as the Haynesville is being devoloped now.
Apr 11, 2009
landowner
ALongview
Apr 11, 2009
landowner
JWC
Haynesville Shale Alive and Well - Barnett Shale About Dead
The companies that were drilling in the Barnett Shale need to pack up and move to the Haynesville Shale ASAP. This is the only play that makes any sense with todays prices of natural gas. The best play is in the southern part where it is deep. There should be larger recoveries in the deeper part of this very interesting play. Shell and Encana are in the deeper part of Louisiana.Sabine and San Augustine counties of Texas will prove to be very productive in the near future in the Haynesville Shale.
Apr 18, 2009
DR
Haynesville Shale Could Save A Public Oil and Gas Company
With the cost of drilling and completion down some 40-50% and the reserve potential of 6.5-10 BCF/well potential for the Haynesville Shale could be what every public company needs today in order to survive these tuff times. If any of the companies that have any credit or cash dont find a way into this play, they might not be around in the future. This type of play is what everyone is looking for from an investment stand point. It does not take a Rocket Scientist to see all of the profit potential that this play has today.Its the hottest play in the USA.
Major Pipeline Needed for Southern Part of Haynesville Shale
There will be a need for a major pipeline for the southern part of the Haynesville shale for Sabine and San Augustine counties. There will be several thousand wells drilled with huge recoveries from The Haynesville Shale and all the other multiple potential oil and gas zones that are present.
Apr 19, 2009
landowner
ALongview
Haynesville Shale Guarded Drilling Location in Shelby County, Texas
I was informed by a friend of mine that he was denied entrance by a security guard on an EOG drilling location northeast of Center, Texas. When they start drilling in the southern part of the play in Sabine and San Augustine counties, they might even have a tank or two helping guard those Haynesville and Bossier drill sites. Chesapeake Exploration,LLC has over 5,000 acres leased in North Sabine County. They should be developing these minerals very soon. Devon is getting closer to developing their acreage as well in the same area.
From Jurassic Exploration. I hope he/she is right. Very exciting!
Apr 20, 2009
landowner
Sandstone
Apr 20, 2009
landowner
ALongview
Oil and Gas Leasing Shelby, Sabine and San Augustine Counties,Texas
With the drilling and exploration cost down and the reserves unchanged these counties are very active as to leasing for minerals.Its looks like several companies from the Barnett Shale play are moving in the area for a piece of the play.Acreage cost should be higher than other areas because this is going to be Texas better part of the play in these mentioned counties.The shale will average about 100-200 feet thick in these counties. It doesnt take much if the rock has good properties.It wouldnt surprise me if acreage cost in the future will be 20,000-30,000/acre.Natural gas prices should be going back up at year end of 2009.
Posted by Jurassic Exploration Inc on Tuesday, April 21, 2009 23:41
Apr 21, 2009
landowner
Mike
Apr 23, 2009