Replies to This Discussion

landownerPermalink Reply by Michael Lauxman on March 21, 2011 at 2:07

Frac equipmrnt

landownerPermalink Reply by Michael Lauxman on March 21, 2011 at 2:28

Sorry - meant to say - frac equipment was pulled out Fri the 18th.

Oil & Gas ProPermalink Reply by Donald Warren on March 21, 2011 at 12:47

Is there any flowback?

landownerPermalink Reply by Michael Lauxman on March 21, 2011 at 15:23

Just got back from the location - dang less than a mil:(  right now dual 1/8's IIRC only a measly 993,000 ?!?

STS is on-site - nice folks - think I'll take them some nice snack tomorrow. I like nice folks!

 

FB started yesterday eve.

 

OK Shalers - I've spent time posting now help me out PLEASE

 

what does this mean ??

expected final lease acres

$$ per next 6 mos, 1 year and 5 years

 

I don't ask fer much

landownerPermalink Reply by Michael Lauxman on March 22, 2011 at 14:57

Now things are getting exciting!

touch under 5mil on dual 24s pressure good for the cv and bldg

and

and

and

6ish bbl/hour

SWEET

 

Can some pls help me with the math

 

at $4 gas and a 4.8mil flow that's $4x48,000,000x??? per day ??

 

all this mm btu stuff makes my head hurt

 

6x24x100 i can do but

 

TIA

Oil & Gas ProPermalink Reply by MLE on March 22, 2011 at 17:03

Mike, 

 

You've gotta give your net mineral amount, plus your royalty on your lease before anyone can estimate possible income. Either way, seems like a well that's on par with the Hancock-Smith, which is a horse. 

 

This lower Cotton Valley zone in Southern Panola is better than any other "play" in the area. I hope it takes off for everyone. 

landownerPermalink Reply by Michael Lauxman on March 23, 2011 at 2:26

Thanks - what I was trying to estimate was the total gross revenue/day

 

So the oil is easy - say 10bbl/hr and $100 oil then its $24,000/day

 

So 4.8mil at $4 gas is 4x$4,800 = $19,200/day ??

 

I'll update in a couple of days 

landownerPermalink Reply by Bill johnson on March 23, 2011 at 7:43

Sounds like another good well.  Are there any other operators drilling in this play?

landownerPermalink Reply by Bill johnson on March 28, 2011 at 6:48

Just got the division order for the Twomey 2H

 

landownerPermalink Reply by Michael Lauxman on March 28, 2011 at 7:19

Got ours Saturday

 

Talked to STS Saturday as well and they should be gone by now - dosent look as good as the Hancock-Smith but still a good well.

 

Thanks Bill!

landownerPermalink Reply by Bill johnson on March 28, 2011 at 15:37

Mike if it is half as good as the Hancock-Smith it is still not too bad. I wonder if they will drill one on the Knight-Strong Lease?

landownerPermalink Reply by Bill johnson on April 24, 2011 at 14:23

completed Twomey heirs. Tested 10.5 mmcf and 324 bbls of condensate on 54/64 choke. It did test better than the first well

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