Replies to This Discussion

landownerPermalink Reply by DJG on February 16, 2010 at 5:22

Thanks for the info Rick.

I'm actually surprised that there has not been more chatter regarding this well. It seems to be a pretty interesting to me.

I checked those early 90's wells in Sabine Co at TRRC, and the ones that ultimately produced 200,000+ BBL looked to have production in the 800 boe/day range for their initial months.

So, it seems that this one could likely produce similar numbers - at today's price of around $74 a barrel, that would gross around $15 million over the life of that one well.

Hope we all can be so lucky to have a few of those wells in our own units, plus the HS and BO and any other CV, James, etc Gas reserves to boot.

landownerPermalink Reply by DJG on February 16, 2010 at 6:18

Hey Rick,

So the report that I posted below yesterday, had the oil production in Sabine Co from '93-Current Date.

Looks like the top 3 wells for the county were:

Stark Unit @ 213,000+
Odom @ 276,000+
and
Needmore @ 522,000+

Yes, it will be interesting to see how the production on this new horizontal well plays out in comparison to these older verticle completions.


Question: What do you see as far as number of wells total in the in-fill plans for those 160 acre oil units?

landownerPermalink Reply by DJG on February 16, 2010 at 6:27

Thanks for the clarification.

It will be interesting to see if this is specific to that region of Sabine Co, or whether it also might extend to additional possibilities in Shelby, San Augustine and beyond.

Good luck with your prospects.

Permalink Reply by jffree1 on February 16, 2010 at 16:50

The Needmore is over near San Augustine County. It's between my Dad's place west of Hwy 96 and the county line. We could hear out across the lake (Rayburn) when they were drilling that one.

Permalink Reply by jffree1 on February 16, 2010 at 16:45

Texaco was drilling directional Austin Chalk wells down there in the mid-late '90s Rick.

Permalink Reply by jffree1 on February 17, 2010 at 4:23

I'm aware of the difference. They were also drilling horizontals (see 403-30417 in Eli Low, A-34 and W.D. Bates, A-482).

landownerPermalink Reply by T Miller on February 23, 2010 at 6:15

Can you estimate as to how many months this royalty of $32,331.20 would remain in the neighborhood of that amount? What might that 20 acre net owner expect to receive in royalties over the life of the well and how many months/years would that be?

landownerPermalink Reply by T Miller on February 23, 2010 at 6:46

Thanks very much for your response.

Permalink Reply by jffree1 on February 23, 2010 at 6:38

That is a great question, T Woo! Since this may be a first ever (in this county, at least) horizontal in the Saratoga, I suspect there is nothing to correlate with or compare to.

Any thoughts, Rick? What is it doing today in comparison to the IP?

landownerPermalink Reply by DJG on February 13, 2010 at 6:11

Just ran a report query from TRRC and here's what came up for total oil production in Sabine Co from '93 to 2010:

County Statewide Onshore
Lease, Jan 1993 - Jan 2010

Lease name Lease No. Oil (BBL)
ALLAR
13561 0
ARCO
11091 0
ARCO FEE
13251 0
ARCO FEE "A"
13242 81,086
ARCO FEE "A" UNIT
13339 30,588
ARCO FEE 1-249
13380 2,823
ARCO FEE A-249
13377 20,674
ARCO FEE A-418 UNIT
13493 78,390
ARCO UNIT #6
13843 382
ARCO-MAERSK
12753 155,642
ARCO-MAERSK "A"
13028 0
ARCO-VASTAR UNIT A-172
13031 0
ARCO-VASTAR UNIT A-246
12929 0
ARCO-VASTAR UNIT A-256
12967 0
ARCO-VASTAR UNIT A-342
13008 198
ARCO-VASTAR UNIT A-914
13030 0
ARCO/BLACK STONE FEE
13161 0
ARCO/BLACK STONE FEE 2
13174 0
BLAN-GREER UNIT
13378 37,846
BROWN, G.W.
13192 30,117
BROWNDELL
13270 34,681
BSCU USA 27316
12911 0
BSCU USA 27316
13917 17,147
BSCU USA 27316
156998 0
BSCU USA 27328
13586 85,641
BSCU USA 27343
13089 42,149
BSCU USA 27343 "A"
13197 109,918
BSCU-TEMPLE-INLAND
13020 11,266
C. S. JONES UNIT
13509 9,813
CHAMPION
13287 24,569
CHAMPION INT'L UNIT A-2O NO. 2
13345 0
CHAMPION INT'L. UNIT A-450
13533 50,738
CHAMPION INT'L. UNIT A-450
152402 0
CLARK, E.A. UNIT 1
152397 0
CONNER 92
13414 10,323
DAVENPORT UNIT
13045 17,783
DORSEY, C. T.
13007 196
EXXON FEE A-13 UNIT
13506 703
FERGUSON UNIT
13041 8,555
FLING POINT
171034 0
HOBBS UNIT
13489 0
HOUSEN BAY UNIT
170326 0
JONES, C.S. ETAL
13508 18,435
JORDAN HEIRS UNIT
12938 29,910
LEE, T.F.
13112 46,853
LEMOINE
13277 97,899
LONG BELL A-1048 AC OU 1
13318 0
LONGBELL
13523 5,323
LONGBELL NO. 2
13452 142
LOWE UNIT
156655 0
MCDANIEL, A. H.
12119 0
MCGRAW
14646 0
MCGRAW
183541 0
MCGRAW
201990 0
MCGRAW
252094 0
NEEDMORE
13153 522,799
NEEDMORE PARK
13246 0
ODOM, R. E. ETAL UNIT 1
13317 71,367
ODOM, R.E. ET AL
13297 276,374
R.E. ODOM UNIT 3
13494 134,842
RPM
14694 0
SHOCKEY
13312 0
STARK UNIT A-298
13483 213,144
STARK UNIT A-434
13908 31,028
STARK UNIT A-434
155489 0
STARK UNIT A-446
13907 15,644
STARK UNIT A-446
155390 0
STURGIS
13126 79,663
STURGIS UNIT A-36
13842 13,068
SUGAR CREEK OIL UNIT
13333 1,123
TEMPLE A-26
153353 0
TEMPLE EASTEX "259-A)
120201 0
TEMPLE INDUSTRIES
13088 0
TEMPLE INDUSTRIES "A"
13191 0
TEMPLE INLAND UNIT A-380
13789 6,097
TEMPLE-EASTEX
12106 0
TEMPLE-EASTEX "147-A"
11579 0
TEMPLE-EASTEX "147-A"
135513 0
TEMPLE-EASTEX "259"
11574 3,487
TEMPLE-EASTEX "259-A"
10993 3,382
TEMPLE-EASTEX "259-A"
117818 0
TEMPLE-EASTEX "259-B"
11337 864
TEMPLE-EASTEX "259-B" UNIT
11545 0
TEMPLE-EASTEX "259-B" UNIT "A"
11578 559
TEMPLE-EASTEX "46-A"
115397 0
TEMPLE-EASTEX "CONNER UNIT "A"
11754 0
TEMPLE-INDUSTRIES 2-H
13323 0
TEMPLE-INLAND
12966 3,236
TEXACO
12883 0
TEXACO "B" LEASE
12965 0
TEXACO "C"
12999 0
TEXACO AMI UNIT 3
13298 0
TEXACO ARCO AMI FEE A-378
13244 132,698
TEXACO FEE UNIT 2
13098 0
TEXACO FEE UNIT 4
13154 1,175
TI-E
13123 204
TI-E
147872 0
TI-G
13079 80,280
U.S.A. 60915 UNIT
13507 133,181
U.S.A. UNIT A-277
13477 98,968
USA
12942 9,295
USA A-277
24906 3,392
USA A-482 UNIT
13557 32,158
VASTAR FEE
13389 0
Total 2,927,818

landownerPermalink Reply by om28v on February 17, 2010 at 4:47

So yes, they were drilling horizontal wells back in the early 90's, so after 15 years or more with the technology changes and the perfecting of fracturing wells in the Barnett and Haynesville, does that not mean there are lots and lots of hydrocarbons to be extracted from South Sabine County? Even with the high cost, it seems the economics would make sense to drill there. And Lacy is. The question is, who else will notice? What the area needs is more Needmores.

landownerPermalink Reply by ALongview on February 17, 2010 at 5:24

Congrats on the results Rick. Those are great numbers.

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