Replies to This Discussion

Oil & Gas ProPermalink Reply by Les Bamburg on April 18, 2010 at 16:55

Shaleeee, there are a bunch of shallow oil & gas wells in that area and this just looks to be a couple of new shallow wells planned to be drilled.

landownerPermalink Reply by Shaleeee on April 19, 2010 at 1:30

Thanks Les - Is this type of well a good thing? Could it be a long lasting well with a strong production? (Profitable?) During the 60's there were many wells (during oil boom) that were abandoned due to gas interference - around Many and Negreet - (as told by people that worked in the oil field and those that had a well P&A) Would a lease owner be wise not to lease for the shallow wells? Is Thorton Page Natural Gas a small comapany - I have not seen their company mentioned.

landownerPermalink Reply by ken hatcher on April 19, 2010 at 3:34

There is some still pumping in the north toledo state park. I to am curious about production. I wonder if this area would be held by production?

Oil & Gas ProPermalink Reply by Les Bamburg on April 19, 2010 at 8:53

Shaleeee, I am not aware of any real issues with these type wells. New lease agreements should include a depth Pugh clause so the shallow wells cannot hold deeper rights. I would not anticipate theses wells to be long lasting but they could be profitable because of the low capital cost. I would guess Thorton Page is a small private company but these type wells do not require significant capital or manpower.

Permalink Reply by GoRicky on April 19, 2010 at 8:19

Yeah - the Fredricksburg is probably only that deep. There were HUGE vertical wells drilled back during the "good ol' days" around there & Zwolle. Karsted and fractured/faulted..hundreds of BO & millions of CF of gas.