Replies to This Discussion

Permalink Reply by jffree1 on August 23, 2010 at 8:42

Not like JE to NOT elicit any responses... everyone out of town?

Permalink Reply by JWC on August 23, 2010 at 10:17

Right on JE.

Permalink Reply by lindsey on August 23, 2010 at 12:24

Isnt this great news?

Permalink Reply by jim on August 23, 2010 at 12:54

What "recent gas completions in and around this part of the county" have there been?

Permalink Reply by jffree1 on August 23, 2010 at 13:17

LOL!! That was my question, too, and the answer is... there aren't any. Chesapeake and Southwestern are drilling our first two horizontals in the Haynesville. Endeavor has drilled a vertical Wildcat but it either is not completed or is shut-in waiting on pipeline. The nearest recent completion was reported in a press release by Crimson, @ 11.5 MMcfd, and it is 7.5 miles west in San Augustine County.

Permalink Reply by Frank Coday on August 23, 2010 at 14:05

Lack of completions in the county is disappointing, but considering the Endeavor vertical wildcat that signalled the go ahead on the Hall pipeline and the connected Tenaska major gathering system for all of East Texas, we do have some very positive developments. Nothing "proven", but we cannot ignore the heavy capital outlays to develop necessay infrastructure for exploration and development. In a discussion with Tenaska mgt. today, was told- "If it wasn't there, we wouldn't be putting in this pipeline! Heavy leasing in 08 at unprecedented bonus rates in northern 1/2 of Sabine Co. and recent developments indicate that the future may be bright! Was in the County clerk's office today and in last 2 months there are over 100 leases recorded in the North part of county by 9 different companies. As I've said before, I'm the eternal optomist, but I think you cannot ignore the positives happening now.

Permalink Reply by jffree1 on August 23, 2010 at 15:19

Maybe J.E. will be vindicated by this time next year. I do agree that the Hall well started the ball rolling and I am happy to see all the pipeline activity. There will be no wells if there is no way to move the gas. And I do get a kick out of the sometimes "over the top" claims that come from J.E. They are always entertaining.

Permalink Reply by ken hatcher on August 23, 2010 at 15:31

I wonder why they do not think the north east will be as good?

Permalink Reply by Jon Williamson on August 24, 2010 at 7:37

I wonder also Ken. The Eastern edge of Sabine county is only 15 miles or so from San Augustine. Hard to imagine there is such a huge difference in that span, but I guess anything is possible.

Permalink Reply by JWC on August 24, 2010 at 8:00

I may have missed something. Who is saying the north east part of the county isn't as good?

Permalink Reply by Jon Williamson on August 24, 2010 at 8:52

The post from Jurassic just stated that the NW part of Sabine would be a sweet spot. This sort of implies that NE is not so sweet I guess. We just need some completions. I have a feeling information will be held pretty tight until more leasing gets done in the north part.

Permalink Reply by jffree1 on August 24, 2010 at 9:12

If you go back and look at all of the leases filed in 2008 and early 2009, a large portion were in NE region above Hwy 21 so I wouldn't be too concerned with what J.E. says.

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