deltic stock is going nuts i guess because they have such a huge
mineral interest in the brown dense area and the leasing companies
are still going full bore so i would conclude that the well is a smoker.
anyone else have any insight?
Tags:
Surely you can get rid of H2S and deal with it, but there are no cost effective ways. The entire casing program, production facilities, pipelines, etc. of a well have to be changed to be stainless steel because of the corrosive effects of the H2S. This dramatically changes the economics of the well and/or play. It depends on what kind of reserves are expected as to whether or not the play will work. In a play that was expected to have lots of liquids like this that is not producing next to none on the test and the amount of gas is less than 1 mcfpd (like has been reported), having to change your economics by having all of your pipe, etc. to steel will certainly kill this deal.
The reported amount of H2S that I am hearing is 2% which if a very high amount. 0.1% is considered a toxic level.
Thank you gayle.
Not to mention H2S will limit your buyers and therefore reduce the price you get on oil and gas.
Tony,
I find these discussions quite interesting. However, I have a question for you. You mentioned owning royalty in Union County near the new well. Are you referring to the horizontal well North of Bussey?? Or is there another well?
There is a new application for well in Union County AR east of Dodge City along the Ar/LA line.
http://www.aogc2.state.ar.us/Hearing%20Applications%20Archive/2011/...
Skip
Much has been written on GHS about brown dense drilling activity in S AR. Outside of leasing activity, little has been written about brown dense drilling activity in N La. It is my understanding that interest in the brown dense started in N LA and moved north into S AR. Any drilling activity going on in N LA?
L Davis,
I've been keeping up with wells drilled in NELA and none have been horizontal SMK. There have been plenty of suspicious vertical wells drilled over the last 5 years. Several of them were drilled in the old Monroe Gas field. I call them suspicious because all have been drilled in a 30 mile radius, none have produced, all have been cored, and all are listed future utility rather than P&A. I could be wrong but it looks like they were just exploration wells checking out the BD. On the other hand It could just be desperate O&G companies drilling dry hole after dry hole with the hope of hitting the next spindle top without regard to the costs of drilling dry holes. BTW one of the operators is owned by CHK named Greystone. Here are well numbers if anyone wants to put more effort into the research.
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