T15N-R15W: The Second Township-Range to Reach 36 Haynesville Units (12/29/09)

T15N-R15W has followed T13N-R11W to become the second township-range to reach 36 Haynesville Unit applications. As you will note, Chesapeake is the operator for every unit. Several other township-ranges are close to also being fully unitized.

Please see the following listing of the units for T15N-R15W.

S1-T15N-R15W, HA RA SUC Unit, Chesapeake, Caspiana Field, Caddo Parish
S2-T15N-R15W, HA RA SUE Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S3-T15N-R15W, HA RA SUF Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S4-T15N-R15W, HA RA SUG Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S5-T15N-R15W, HA RA SUH Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S6-T15N-R15W, HA RA SUPP Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S7-T15N-R15W, HA RA SUL Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S8-T15N-R15W, HA RA SUK Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S9-T15N-R15W, HA RA SUJ Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S10-T15N-R15W, HA RA SUI Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S11-T15N-R15W, HA RA SU59 Unit, Chesapeake, Caspiana Field, Caddo Parish
S12-T15N-R15W, HA RA SUN Unit, Chesapeake, Caspiana Field, Caddo Parish
S13-T15N-R15W, HA RA SUTT Unit, Chesapeake, Caspiana Field, Caddo Parish
S14-T15N-R15W, HA RA SUK Unit, Chesapeake, Caspiana Field, Caddo Parish
S15-T15N-R15W, HA RA SUO Unit, Chesapeake, Caspiana Field, Caddo Parish
S16-T15N-R15W, HA RA SUQ Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S17-T15N-R15W, HA RA SUP Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S18-T15N-R15W, HA RA SUSS Unit, Chesapeake, Johnson Branch Field, Caddo Parish
S19-T15N-R15W, HA RA SU82 Unit, Chesapeake, Bethany-Longstreet Field, Caddo Parish
S20-T15N-R15W, HA RA SU67 Unit, Chesapeake, Bethany-Longstreet Field, Caddo Parish
S21-T15N-R15W, HA RA SUL Unit, Chesapeake, Caspiana Field, Caddo Parish
S22-T15N-R15W, HA RA SUA Unit, Chesapeake, Caspiana Field, Caddo Parish
S23-T15N-R15W, HA RA SU68 Unit, Chesapeake, Caspiana Field, Caddo Parish
S24-T15N-R15W, HA RA SU64 Unit, Chesapeake, Caspiana Field, Caddo Parish
S25-T15N-R15W, HA RA SU149 Unit, Chesapeake, Caspiana Field, DeSoto Parish
S26-T15N-R15W, HA RA SUD Unit, Chesapeake, Caspiana Field, Caddo Parish
S27-T15N-R15W, HA RA SUE Unit, Chesapeake, Caspiana Field, Caddo Parish
S28-T15N-R15W, HA RA SUB Unit, Chesapeake, Caspiana Field, Caddo Parish
S29-T15N-R15W, HA RA SUII Unit, Chesapeake, Bethany-Longstreet Field, Caddo Parish
S30-T15N-R15W, HA RA SUUU Unit, Chesapeake, Bethany-Longstreet Field, Caddo Parish
S31-T15N-R15W, HA RA SUVV Unit, Chesapeake, Bethany-Longstreet Field, Caddo Parish
S32-T15N-R15W, HA RA SUWW Unit, Chesapeake, Bethany-Longstreet Field, Caddo Parish
S33-T15N-R15W, HA RA SUHH Unit, Chesapeake, Caspiana Field, Caddo Parish
S34-T15N-R15W, HA RA SU55 Unit, Chesapeake, Caspiana Field, Caddo Parish
S35-T15N-R15W, HA RA SU79 Unit, Chesapeake, Caspiana Field, Caddo Parish
S36-T15N-R15W, HA RA SUCC Unit, Chesapeake, Caspiana Field, DeSoto Parish

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Replies to This Discussion

Permalink Reply by Les Bamburg on June 16, 2010 at 18:30
AJ, it is very challenging to assess because there are so many significant variables. Some of these:

- Timing for 1st well
- Number of additional wells and timing
- Future price of natural gas
- Well drilling capital cost
- Well production decline rate
- Operating expense

Many people's decision is driven by how much they want the up front payment of bonus money. You would likely receive more by being unleased but will have to wait for the well to payout and you would be taking on some additional risk.
Permalink Reply by Henry on June 16, 2010 at 23:41
AJ,
Are you sure Exco is the orperator now? Was this from a reliable source? Why would Chesapeake give up this section, in an area where it has a zillion wells? I'd place a call to Chesapeake, just to ensure that they don't want to lease you too.

Don't settle for 1/5. Insist on 25% royalty if you sign a lease.
Permalink Reply by AJ on June 16, 2010 at 17:47
JeffNParis, Your message was deleted while I was responding to it. The vertical well that I am speaking of is Daniels 3, #1. It is at 11,750'. I was told that it is vertical only. Does anyone know different? I have not received anything in the mail about it.
Permalink Reply by Les Bamburg on June 16, 2010 at 17:50
AJ, that is the information I have.

Fossil, Daniels 3 #1 Well, Serial #236439, S3-T15N-R15W, Caddo Parish, 253 Mcfd, 22/64" Choke, 150 psi Flowing Pressure
Permalink Reply by Spring Branch,mineral owner on June 16, 2010 at 21:54
Do not for any reason lease for less than 1/4 royalty. I would counter with 1/4 royalty and $6,000/ac.

I had an ORRI in a well in DeSoto Parish that had much mechanical difficulties and, when it was all over, cost $23,000,000 to drill and complete. @ $4 gas, it will never pay out. Put that into your calculation as an unleased mineral owner and see how you do.

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