Replies to This Discussion

Permalink Reply by Two Dogs, Pirate on September 23, 2008 at 12:07

None

Permalink Reply by Pat Todd, Jr. on September 22, 2008 at 5:25

Thanks for this link. I had no idea except a guess which was to move the gas along the pipeline.

Permalink Reply by bigball N1/N2 on October 3, 2008 at 11:11

I see that sonris lite has updated the messenger well for 9-4-8 and 9-9-08. if anyone can understand any of it, let us know.

it looks like we are still waiting on state potential. lol!

imagine that.

Permalink Reply by Lrb2brnot2b on October 3, 2008 at 14:05

I not sure but it looks like they have attempted to correct the H2S frac and get it to produce cleaner gas. Anyone know for sure????

Permalink Reply by Les Bamburg on October 4, 2008 at 4:41

Lrb, various sources indicate the gas produced from the southern portion of the Haynesville Shale has higher levels of CO2 & H2S and does not meet pipeline specifications. This means the gas will need to be treated on location with an amine unit to reduce the CO2 & H2S levels.

The frac refers to fracing a well which is necessary for the well to produce at an economic rate. All Haynesville Shale wells will be frac'ed.

Permalink Reply by Ben Eagle on October 8, 2008 at 3:59

13-16 Mmcf/d are you kidding out of a vertical HS well with perfs of 17'.
Stay out of the coffee shops and get back to farming.

Permalink Reply by Pat Todd, Jr. on October 13, 2008 at 12:27

Well, One major timber company just got $20,200 per acre for over 300 acres and NSU just got over 4 million for a mid 300 acre offer, both by cheseapke if I am not mistaken. We have a long way to go on leasing in this shale!

Permalink Reply by Cleveland Steamer on October 13, 2008 at 13:34

Pat, do you know where these tracts are located?

Permalink Reply by Mud Man on October 13, 2008 at 14:59

NSU tract is in Desotto Parish. Not doing us much good down here!!!

Permalink Reply by Cleveland Steamer on October 13, 2008 at 15:34

Does anyone know anything about the state lease sale last week in which Tagco bid $2300/acre for 300 acres in a 9-sq mile area just north of Powhatan?

Permalink Reply by George Davis on October 14, 2008 at 17:02

In case any of you are interested, and being in the E&P business as smaller independent, the shale plays have gone thud!!! Problem is companies playing the Wall Street Hype Game have spent too much money for leases, especially in the H'ville and over hyped the play. The potential is still there but the folks with big bucks to drill have been cut-off at the knees by their own hands. So great for those who leased, not so great for those who didn't because my guess is your expectations are high and will keep you from seeing the light...being the real money comes from drilling and getting production that will flow for many, many years. Bonus money comes once and that's it. And the bonuses being paid make this play marginally economic plus the cost to drill is too high. So much acreage in this play will go undrilled and chances are none of you will want to lease at a price that will stimulate companies to drill wells that, even if non-economic for the company, will pay you royalties. I almost bought acreage at the $000's of dollars range and luckily was spooked off. I ran the economics and applied the risk and it was not economice. I would still drill the play but at acreage costs in the $00's. If someone were really cleaver, they would pull together anough un-leased and un-drilled land in the the play and actually form a partnership with the oil company and become a part of the deal that ensures wells get drilled. Learn the economics of the play and individual wells and see what the long haul profits would be for working royalties, not bonuses. Big Bucks for bonuses is very exciting and in a way intoxicating. Unfortunately I fear the play has been drowned by big independents and will need some time to revive. Here is a tip! Its the smaller independents who will pick up the pieces and get this play drilled and expanded, but it will only happen when land prices get real.

Permalink Reply by GEORGE D BROCKNER on October 15, 2008 at 4:20

Agree. Greed is a bad thing whether it is on Wall St, Washington DC or Desoto Parish.

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