Replies to This Discussion

Permalink Reply by North LA on November 18, 2010 at 10:21

JT,

The Weiser-Brown well was just spudded and it's close to Marion. I believe it's just a vertical well. There have been close to 7 Smk vertical wells drilled in the old Monroe gas field over the last 4-5 years.

Permalink Reply by North LA on November 18, 2010 at 11:03

JT,

All of them have been plugged for future use but not abandoned. A lot of them were drilled by Greystone a few years ago but none show continuouse production.

Permalink Reply by Arkansas Traveler on November 18, 2010 at 19:00

I don't believe that lease bonus and royalty will ever reach what was received in the Haynesville shale, no matter what the potential is, because we will never have the same type of competition in Arkansas due to the fact when one of the oil companies lock up the Abstract company for that county no one else is able to run the title and less than 1% of the mineral owners actually know what they own. It is impossible to run mineral title out of the courthouses in South Arkansas when you have to go back to the patent.

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Permalink Reply by Jack Blake on November 13, 2010 at 2:33

roll them bones....................

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Permalink Reply by The_Baron on November 15, 2010 at 9:37

Did it ever occur to you that these brokers are probally working directly for these large companies? I take offense to the term flippers....

It is well known that CHk has a habit of coming in early and leasing up large blocks while prices are low. By leaseing for extended terms, they can give themselves the time to build a significant leasehold before all hell breaks loose (Haynsville Shale anyone?, HK really screwed thje pooch by forcing CHk to admit what they found) and then still have time to develop the leases.

Personally, I wouldn't take pinebelts offer, but then again you never know.....

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Permalink Reply by The_Baron on November 17, 2010 at 10:57

Well, technically CHK is just selling working interest, they will still be the operator. Not an unusual type of deal in oil and gas. That being said, CHk is involved, not sure its pinebelt, but I do know that CHK is in the Brown Dense somewhere.

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Permalink Reply by Skip Peel - Mineral Consultant on November 18, 2010 at 13:31

There are very few deep wells in the general area of 22N - 2E. However there is one, S/N 185425, which was drilled to 9034' in Section 10 - 22N - 2E (a couple of miles south of S31 - 23N - 2E) that lists the top of the Smackover as 8064'. This information is available on SONRIS Classic under the well permit to drill docs for this well.

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Permalink Reply by Skip Peel - Mineral Consultant on November 18, 2010 at 15:29

The inclination of the down dip can vary quite a bit across relatively short surface distances. The completion reports for many wells filed with the state and available on SONRIS Classic contain a list of depths to the top of major formations penetrated. The Field Order you reference is for a unit which is about 9 miles south of well #185425. Though the Field may be listed as Wildcat, the permit application available on SONRIS Classic shows that the well was permitted to 9300' as a Smackover Limestone horizon.

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Permalink Reply by Skip Peel - Mineral Consultant on November 18, 2010 at 16:51

The Smackover formation in the area of the state line not only dips from north to south but from west to east. Just review some of the wells below 9000' to the west in say 23N - 4W. The top of the Smackover is ~9100' there. The information is readily available on SONRIS Classic but it can't be linked. Just find wells deeper than 9000' in any of the townships in the area in which you are interested and, using the serial number, look up all the well file docs in SONRIS Lite. If you prefer to research formation depth by Field Orders, I suggest 29-B or 29-E.

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Permalink Reply by The_Baron on November 19, 2010 at 6:10

Don't forget the stateline fault as well. formation Depths vary greatly depending on which side of the fault you are on.

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Permalink Reply by Skip Peel - Mineral Consultant on November 19, 2010 at 6:13

Thanks for the reminder, Baron. Would you happen to have a map of the stateline fault that you could post?

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Permalink Reply by Skip Peel - Mineral Consultant on November 19, 2010 at 8:30

tony, I am no expert on the Brown Dense. I am intrigued with it's possibilities as an unconventional reservoir that could be commercial with horizontal drilling and multi-stage hydraulic fracture stimulation. It would be great to have an oily shale play for north LA./south AR. In regard to the lease offers along the stateline, yes, they will go up with a successful well completion. Then again all the offers could disappear with the announcement of an unsuccessful well result. My opinion of what constitutes a reasonable lease offer is a royalty of at least one fifth and a term of 3 years. I have no problem with those who are financially secure making a decision to wait for the well results. I also have no problem with those who decide to get the best bonus they can and sign now at the terms I mention. There is no pat answer. Each mineral owner must make up their own minds, hopefully based on some due diligence and/or professional counsel.

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