Replies to This Discussion

Permalink Reply by Joe Aldridge on October 27, 2011 at 7:26

Will, 

I'm not more optimistic. Nelson/Pryme and Anadarko have screwed up their wells. They are using drilling methods and technology that is from shale drilling and is not compatible Chalk drilling. The only one I have any faith in at the present time is Atinum.  They seem to know what they are doing.

If its true that Anadarko has backed off of leasing then they not only have screwed up the wells they are drilling but have screwed up the development on the play in general. That's what I've been concerned about since they announced they were drilling these long laterals.  If you loose mud into the Chalk then it will be plugged and if you over produce the formation it will collapse and plug the well. The Chalk is like a "beautiful woman" if you don't treat her right she's not going to dance with you.

Permalink Reply by Thomas Maglone on October 27, 2011 at 8:06

Very well said, Joe

Permalink Reply by Pierre N2 SE on October 27, 2011 at 9:13

Joe, I guess you don't buy the end of year budget explaination for the halt in leasing. 

 

Permalink Reply by Joe Aldridge on October 27, 2011 at 9:28

NO, No, Nooooooooo!!!!!!!!!!! I think they've gotten burned by their stupidity and arrogance.

Permalink Reply by Abington on October 27, 2011 at 11:14

But I guess there is hope that if the few wells that are already planned improve in production, it might help the incentive to increase the "budget" for more leasing come January.   I would assume there are some company execs somewhere wanting a big bonus for some profits, and until the fat lady sings, it ain't over.

Permalink Reply by Robert on October 31, 2011 at 8:13

Skip, i just found out that TAGCO are group of Landmen who sign up your land then broker it.  So stay away from those guys make sure your Lease says Anadarco,or on of the compaines that are drilling> here is my trac-

skip thanks. Its in avoyelles parish . I have three companies working on a proposal. I gave them just one trac to work on 20 acres being the W/2 of the NE/4 of section 38, T1S-R4E.  TAGCO Inc. as Lessee.

Permalink Reply by Skip Peel - Mineral Consultant on October 31, 2011 at 8:28

You might ask them if they are this TAGCO.  Whether they are or not, I suspect they are a "land company".  Many operators use one or more land companies in order to get the targeted leasehold acquired in the allotted time.  If they are leasing for an operator they may or may not admit it depending on instructions from their client.  If you really want to get the full picture regarding leasing in your parish, go to the courthouse and look through the Day Book maintained by most Clerks of Court.  You may have to look back some days or even weeks as lessees tend to record their leases in batches.  Make note of where the leases are being taken and make a copy of a recent lease by each of the companies filing.

Name	Type	City	Status
TAGCO, INC.	Business Corporation	HAMMOND	Active

Previous Names

SHOOTING STARZ, INC. (Changed: 8/16/2001)

Business:	TAGCO, INC.
Charter Number:	34400646 D
Registration Date:	2/19/1992

Domicile Address
	19307 COUNTRY CLUB LANE
	HAMMOND, LA 70401

Mailing Address
	19307 COUNTRY CLUB LANE
	HAMMOND, LA 70401

Status
Status:	Active
Annual Report Status:	In Good Standing
File Date:	2/19/1992
Last Report Filed:	1/27/2011
Type:	Business Corporation

Registered Agent(s)

Agent: THOMAS A. GALLOWAY Address 1: 19307 COUNTRY CLUB LANE City, State, Zip: HAMMOND, LA 70401 Appointment Date: 8/16/2001

Officer(s)

Additional Officers: No

Officer: THOMAS A. GALLOWAY Title: President, Secretary/Treasurer Address 1: 19307 COUNTRY CLUB LANE City, State, Zip: HAMMOND, LA 70401

Amendments on File (3)

Description	Date
Revoked	5/15/1998
Reinstatement	8/16/2001
Name Change	8/16/2001

Permalink Reply by Robert on October 31, 2011 at 8:36

I just spoke to TAGCO.  jerry the Land man said that it is Anadarco.  Anadarco wanted to keep  their name quiet for a little while back in march. But Jerry said if i go to the court house it under Anadarco now.

Permalink Reply by Skip Peel - Mineral Consultant on October 31, 2011 at 8:40

I suspected as much.  It's probably okay to lease through TAGCO but I'd ask Jerry whether TACGO or Anadarko will the lessee on the lease.  You should still make a trip to the courthouse to see what other companies may be filing leases.  And settle on your Exhibit A lease language before you get into negotiations with TAGCO or anyone else.

Permalink Reply by Thomas Maglone on October 31, 2011 at 9:44

does any of the austin chalk cover east or west feliciana.

 

Permalink Reply by Joe Aldridge on October 31, 2011 at 10:30

Thomas,

Yes, you are just North of the shelf. The Ewell Bickham almost blew-out in Chalk. LL&E was sure they could go back to to AC after drilling to TUSC and make a well. I talked to the Engineer on site that was trying to bring the well in Chalk and he even showed me a sample of the oil they were swabbing  up. As it turned out that well was ruined in AC because they had pumped so much mud into the formation when drilling it that it was plugged. That was one of the wells that there was a convoy of mud truck supplying the rig with pre-mix mud while they were drilling in Chalk. Just be patient you are in the best of positions because you have Austin Chalk, Eagle Ford and TMS and you are un-leased.

Permalink Reply by Robert on October 31, 2011 at 15:13

Skip what does you mean when u Said,"It's probably okay to lease through TAGCO but I'd ask Jerry whetherTACGO or Anadarko will the lessee on the lease,'?

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