Replies to This Discussion

Permalink Reply by RBH on December 17, 2009 at 14:24

http://www.ig.utexas.edu/research/projects/eq/compendium/TX_tectoni...

Permalink Reply by Hotdoc on December 17, 2009 at 14:32

It is not just the tectonic plates, but fault lines also. I have a shallow fault line on my property and am on the edge of a deeper fault line on my land that stretches for miles. My pictures won't even stay straight on the walls. Devon told me about the faults confirming what I already had known from prior seismic and commented that they were getting much more gas from the edges of the deeper fault that by the way runs directly toward the SA county line NW. It makes sense that breaks in the shale will give more gas.

Permalink Reply by Skip Peel - Mineral Consultant on December 17, 2009 at 14:30

Hotdoc. I suspected that you faithfully reproduced the quote from Oil Voice. My request was to have an explanation or corroborative evidence to the following quote:

"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."

With respect to you and your banker, the lease numbers you mention do not provide any confirmation for the earthquake hypothesis or the $50k bonus mentioned prominently in the OilVoice quote.

Permalink Reply by Hotdoc on December 17, 2009 at 14:41

If you want to go legal on this, the banker is hearsay but he said he knew of some numbers that large. I am sure all landmen would shiver in their boots at the size of those quotes. I have 200 acres to lease and though I will not require nearly that much, it is still worth the discussion to get information out to the group. It makes me sad to see the uniformed landowners leasing for an insulting amount after being told the sad story of low gas prices. They have just as much gas now as they had under their land last year. Exxon (when discussing the XTO purchase) was talking about that they predict a huge rise in demand for NG from now until 2030. It made the front page of the paper in Riverside, CA as I have friends that called and read it to me. I can ask them which paper if you need more proof.

Permalink Reply by Cheerleader on December 19, 2009 at 20:17

The LA leases that I am quoting are CURRENT, like in 3-4 weeks. The information is coming from this web site. The individuals arguing against sizeable bonus amounts [$18,000-$28,000] continue to state these amounts are LA summer/early fall 2008 amounts when in fact they are CURRENT LA bonus quotes. NOT RUMORS, BUT LA MINERAL BOARD REPORTED LEASES.
I will say this again and again. Why should Texans accept less for their lease bonus than LA????

Permalink Reply by Skip Peel - Mineral Consultant on December 20, 2009 at 3:23

Cheerleader. Please provide some supporting evidence for your claim of $18,000 to $28,000/acre bonus in a Mineral Board auction in the last 3-4 weeks. The last auction on Dec. 9 had a high bid of $18,357 per acre bonus for a 185.66 acre tract lying in 19 sections constituting parish road rights-of-way. I suspect that this bid was made on behalf of Chesapeake as they have a majority of the sections in that township under unit order. I'm all for lessors getting the best lease terms possible. It's what I do for a living. But I'm also for GHS providing accurate information that can be relied on. For those who would like to review the results of the last auction, a link follows.

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_min_leas_tract2

Permalink Reply by Cheerleader on December 17, 2009 at 18:28

j,
There you go again, telling Texans they are second place to Louisiana.
I may have to beat you with my broom!!

Score another point for Oilvoice.com..They predicted, months ago, the acquisition of the Big Boys by the REALLY BIG BOYS!

Permalink Reply by Carter on December 22, 2009 at 1:03

"This thread was created for real documented SA offers recently, and has taken a horrible turn! And let's quit talking about 2008 money, ( its almost 2010) that is like saying hey my pets.com stock was $200 per share in 1999, and now it is 0, it must be worth $200 because some one paid that once before! We have some real business minds on this site!"

Yes, somehow we get off topic. How about some verification of that EOG offer?

And while we are at it, has anyone else verified anything paid greater than $1000 in and around San Augustine city limits?

Permalink Reply by Skip Peel - Mineral Consultant on December 17, 2009 at 14:59

Hotdoc. The only landmen that might shiver in their boots are those that work for E&P companies. I don't. I work for land/mineral owners. My interest is in providing accurate information to the members of the site. The desire to "get information out to the group" is admirable but should be backed by facts supported by documentation. The newspaper in Riverside, CA. qualifies no more than an Oil Voice Internet report. I will gladly review and comment on any geologic evidence in support of the earthquake theory. Or the $50k bonus mentioned in your original Oil Voice quote. Until then, I stand by my original comments.

Permalink Reply by jffree1 on December 17, 2009 at 16:22

I don't know if these contributed to, or accounted for, the size of "this huge well" but they are documented...

http://earthquake.usgs.gov/earthquakes/states/texas/history.php

A series of moderate earthquakes in the Texas - Louisiana border region near Hemphill started on April 23, 1964. Epicenters were determined on April 23, 24, 27, and 28. There were numerous additional shocks reported felt at Pineland, Hemphill, and Milam. The only damage reported was from the magnitude 4.4 earthquake on April 28 - wall paper and plaster cracked at Hemphill (V). The magnitude of the other epicenters changed from 3.4 to 3.7. Shocks were also felt at Pineland on April 30 and May 7. On June 2, three more shocks were reported in the same area. The strongest was measured at magnitude 4.2; intensities did not exceed IV. Another moderate earthquake on August 16 awakened several people at Hemphill and there were some reports of cracked plaster (V). The shock was also felt at Bronson, Geneva, Milam, and Pineland.

And earlier:

Four shocks over 6 hours affected an area of about 26,000 square kilometers in northeastern Texas and bordering portions of Arkansas and Louisiana on March 19, 1957. Press reports noted that a few objects were upset and at least one or two windows were broken. Newspaper office and police station switchboards were swamped with calls from alarmed residents. Intensity V effects were felt at Diana, Elkhart, Gladewater, Marshall, Nacogdoches, and Troup, Texas, and Magnolia, Arkansas.

Just thought I'd throw some gas on the fire.

Permalink Reply by Skip Peel - Mineral Consultant on December 17, 2009 at 16:24

And as the flames rise from the thrown gas, please post some geologic connection between the earthquakes mentioned and the Kardell well. Or any other well in E. TX .

Permalink Reply by jffree1 on December 17, 2009 at 17:33

I don't know if these contributed to, or accounted for, the size of "this huge well"

I tried to make it clear that I had no idea if there was any connection between seismic activity in the area and the size of any well. I posted verification as to the said "seismic activity". Maybe I should have added or any well in East Texas just to make it perfectly clear . I'll leave it to anyone, who can, to connect the dots between the fact that there have been "Earthquakes" in East Texas and what that fact has to do with the volume of gas produced by a well. IANAG.

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