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Halcon Closed In Wells
1 Reply

Anyone know why Halcon has closed in three producing wells in the TMS. Black Stone 4H #2, Horseshoe Hill 11-22H and George Martens et al, all in Wilkinson County were closed in as of June 2017…Continue

Started this discussion. Last reply by Jay Sep 17, 2017.

Encana Lease Offer - Amite County
14 Replies

Oh, how things have changed!!I recently received a forced integration letter on the Powell 10H Unit in sections 3, 10 and 15, T1N-R5E Amite County. This letter offers a lease of 15% royalty interest…Continue

Started this discussion. Last reply by Skip Peel - Independent Landman Jun 30, 2016.

 

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Recordman replied to Recordman's discussion Closed in Wells in the group Tuscaloosa Marine Shale
"Thanks for the reply William. These wells all seem to still be good producers with 1300-2500 BOE for a full month. Unfortunately the number of days of production has been half a month or less recently. With Halcon leaving the TMS I''m…"
Sep 22, 2017
William C. Morrison replied to Recordman's discussion Closed in Wells in the group Tuscaloosa Marine Shale
"I would suspect the cost of recovery is the primary reason.  Those wells produce what is known as "Barrels of oil equivalent (BOE)."  Which means they produce a lot of gas, natural gas fluids and oil all of which must be…"
Sep 21, 2017
Recordman added a discussion to the group Tuscaloosa Marine Shale
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Closed in Wells

Anyone know why Halcon has closed in three producing wells in the TMS. Black Stone 4H #2, Horseshoe Hill 11-22H and George Martens et al, all in Wilkinson County were closed in as of June 2017 according to the MSOGB site. Hopefully this is just temporary for maintenance or for operator changeover maybe?See More
Sep 20, 2017
Jay replied to Recordman's discussion Halcon Closed In Wells
"Or maybe because they are not economic? Jay"
Sep 17, 2017
Recordman posted a discussion

Halcon Closed In Wells

Anyone know why Halcon has closed in three producing wells in the TMS. Black Stone 4H #2, Horseshoe Hill 11-22H and George Martens et al, all in Wilkinson County were closed in as of June 2017 according to the MSOGB site. Hopefully this is just temporary for maintenance or for operator changeover maybe?See More
Sep 16, 2017
Barnburner16 replied to Recordman's discussion Encana Lease Offer - Amite County
"does the operator retain the NRI from the force integrated minerals prior to Payout? if so, seems advantageous to force integrate interests if the well isn't going to offer a 3x PO."
Jun 30, 2016
Barnburner16 replied to Recordman's discussion Encana Lease Offer - Amite County
"unfortunately.....any offer at all isn't laughable if it's the only offer you can get.  "
Jun 30, 2016
Paul Butler replied to Recordman's discussion Encana Lease Offer - Amite County
"The link I gave doesn't have the whole statute, i.e. 53-3-7 (2) and the rest of the statute is missing.  If I was in MS I'd get a copy of all of 53-3-7. You do not have to accept that lease.  If you don't and choose to…"
Jun 23, 2016
Paul Butler replied to Recordman's discussion Encana Lease Offer - Amite County
"Forced Integration is covered by Miss Code Ann Section 53-3-7. The text can be found: http://law.justia.com/codes/mississippi/2013/title-53/chapter-3/in-general/section-53-3-7"
Jun 23, 2016
Jay replied to Recordman's discussion Encana Lease Offer - Amite County
"Maybe a TMS well drilled with a low royalty is economic now. Lord knows one drilled on timber company acreage is not right now. Jay"
Jun 23, 2016
William W. Waring III replied to Recordman's discussion Encana Lease Offer - Amite County
"Skip, why would Encana be attempting to secure the entire leasehold in the Powell Unit if they have no intention of drilling anytime time soon? It seems that if they have resorted to forced integration as to the holdouts, they must have some…"
Jun 23, 2016
Recordman replied to Recordman's discussion Encana Lease Offer - Amite County
"I have no idea Skip. The petition to be brought before the MSOGB which is included with the letter just states this fact. I believe the offer I received last year included this as well (don't have it with me at the moment) which would be terms…"
Jun 22, 2016
Recordman replied to Recordman's discussion Encana Lease Offer - Amite County
"I don't know for sure but I doubt any mineral owners have accepted this offer. I sure won't!! As Hale said, this is a laughable offer! They already have the needed 33.3% controlling interest and I think they are just trying to get some of…"
Jun 22, 2016
Hale Yayuh replied to Recordman's discussion Encana Lease Offer - Amite County
"IMO, that is a ridiculous offer. Encana, themselves, put out some mighty impressive reserve figures in the past. A 20% royalty versus a 15% royalty is not going to kill a prospect. If they claim it is, they shouldn't be drilling in the first…"
Jun 22, 2016
Recordman posted a discussion

Encana Lease Offer - Amite County

Oh, how things have changed!!I recently received a forced integration letter on the Powell 10H Unit in sections 3, 10 and 15, T1N-R5E Amite County. This letter offers a lease of 15% royalty interest with a $75 per acre bonus for a 5 year term. In June of 2015 I received the same letter offering 18.75% RI with $200 bonus for a 3 year with 2 year option.Does $75 per acre with 15% royalty interest actually constitute a "good faith" offer now??? Anyone else receive this offer?See More
Jun 22, 2016
Recordman replied to Skip Peel - Independent Landman's discussion GDP T LEWIS 7-38H #1, S7-1N-4E in the group Amite County, MS
"Form 3 for the T Lewis 7-38H #1 well has been added to the MSOGB site. Tested on 8/27/15 on a size 13 choke this well produced 767.2 barrels of oil. First production was reported on 8/15. Hope Skip is correct about the longer laterals taking a while…"
Sep 22, 2015

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At 9:09am on June 30, 2011, Recordman said…
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