"Watching the prices for natural gas and oil I think drilling and leasing are going to slow down to very low levels. It’s hard to make money when your commodity prices are this low. Production has out run demand. "
"There is a LOT of area in this trend - a few wells will not evaluate everything.
I remind everyone about the Tx AC Hz Frac play - the Karnes County sweet spot that EOG and others are exploiting with great success is less than 30 miles from dismal…"
"That's a pretty condemning news article for the play - at least in the areas where CP has been active and drilling. Discussing the TMS as an alternative here doesn't make me feel any better either considering the difficulties with that…"
Based upon large frac fluid injection volumes (and corresponding return and "clean up"), would it not be a considered option to opt for annular disposal or a SWD well? It's a SWAG, but I would estimate a lease/unit SWD could…"
"(Replying to your comment @ your AC metrics. / no reply option at the end of that discussion thread)
Those Tx AC wells around Snook / Giddings et al were a real hit and miss situation due to that being the natural fracture AC play. Those fractures -…"
"I used 35% as royalty and operating cost. I also used 60% of production for the year inthe first 90 days. I worked Chalk wells out of Snook Texas for several years in the early 80’s. Actually I could have said 60% for the first 60 days and…"
"PS on my previous note - attached is the similar style production decline curve from the EOG Avoyelles Parish AC well. I presented this initially at the NARO meeting last summer in Marksville.
Note the very rapid decline from initial month to the…"
"Following comments aren't from Jay but this may help understand the economics on something like this.
Regardless of the IP rate for these wells, there will be production decline over time - and it probably will be rapid if the AC follows other…"
"I think we land owners for the most part don’t understand the difficulty oil companies have making money at this price in this business environment. There is oil and gas in these formations but is it commercially viable? I used 58$ a barrel…"
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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More