Replies to This Discussion

Permalink Reply by Flip Phillips on February 18, 2011 at 4:45

Don't own the land....just the mineral rights

Permalink Reply by Greg N. Bilbo on February 18, 2011 at 5:05

Also, there is no such thing as a well depleating or being a dry hole - they're all capped waiting on prices to rise.  I heard that even with oil over $100 bbl.  If we'd just open them all up we wouldn't need the Middle East - lol.

Permalink Reply by The_Baron on February 18, 2011 at 5:07

Flip,

You know what I mean.

Permalink Reply by Flip Phillips on February 18, 2011 at 5:20

Well, I know for a fact there is oil under the Buena Vista (and Buena Vista Island). I've been getting royalty checks forever. As far as this new gas well, I can only tell you that Chevron had an amazingly good hole.....but the pressure was so high that they were afraid of a blowout and if that had happened, the expense would have been astronomical. The technology has advanced to where that is only a minor concern compared to then.

 

I have documents, correspondence, maps, etc going back to the early 1900s ......at least 6" thick. I just never had the desire to read the stuff. Now I do ....and the history is fasinating.

Permalink Reply by Greg N. Bilbo on February 18, 2011 at 5:28

You are correct - there's an old Huntley Plantation tract to the east of the Buena Vista project that has held a couple thousand acres hbp since the early 1940's.  It's a very interesting area & if there's any part of the state that could use an economic shot - Jefferson Co. is it!

Permalink Reply by Buck Marshall on February 18, 2011 at 8:08

Flip, wasn't Chevron drilling for oil?

Permalink Reply by Flip Phillips on February 18, 2011 at 8:11

yep....black gold

Permalink Reply by Flip Phillips on February 18, 2011 at 8:12

Without looking it up, I believe they went down between 17k and 18k feet. Close to that.

Permalink Reply by Buck Marshall on February 18, 2011 at 8:19

Something like that.  We were getting royalties from a producing oil well at the time they were drilling, maybe five miles from the site of this well.  There were a lot of shows on this drill, and NG liquids or oil of any quantity is what should be reported next from the analysis.

Permalink Reply by Flip Phillips on February 18, 2011 at 8:25

I'm pretty sure they are waiting for special production pipe (for high pressure gas) to be shipped from overseas. No one makes it here in the states.

Permalink Reply by rusell shleby on February 18, 2011 at 9:08

Heard the same, something to do with HCL of some kind of chemical that will decompose the pipe over time?

 

 

Permalink Reply by Flip Phillips on February 22, 2011 at 10:10

OT.....Rusell, I'm getting your emails but you apparently aren't getting mine. We should go the regular email route if you want to talk. If you want to, send me your email with the next contact you try to make with me and I'll get back to you that way.

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