Replies to This Discussion

Permalink Reply by Joe Aldridge on November 23, 2011 at 1:45

Robert,

I used the Royalty Calculator and at 3000 bbls/day @ 20% royalty on 60 acres in a 1900+ acre unit, the royalty owners income would be over $900,000 per year for the 60 acres. If you use 800 bbls/day the yearly income would be a little less than $200,000 per year. I hope this puts the value of the minerals in perspective. The true value in either case would be in excess of $20,000 per acre to sell the minerals or royalty. At least that's my opinion. Is this guy in a unit that has been drilled or is drilling?

Permalink Reply by Robert on November 22, 2011 at 15:46

See attached ‘oil income estimator’ .  It’s not exact, but should provide a
good idea of what the estimated income would be for the life of a well.  It’s
based on a typical Austin Chalk production decline curve that I found and the calculations are based on
continuous production with no shut-in periods.  It has three different scenarios
so that you can do some comparisons with the production rates, oil price, unit
size, etc…..Inputs are shown in Red. What do you think, is it close after you input ur info.

Attachments:

• Oil Income Estimator.xlsx, 48 KB

Permalink Reply by Joe Aldridge on November 22, 2011 at 16:12

Thanks Robert......... Nice post.

Permalink Reply by William C. Morrison on November 23, 2011 at 10:04

Nice.  Is it interactive?  Can you change inputs and see results?  Gives one a dose of reality of just what a well income is like.  Not millionaires over night but very nice supplementary income.

Permalink Reply by Joe Aldridge on November 24, 2011 at 1:12

William,

You can change any of the figures in red. When you hit return the program immediately gives an answer.

Permalink Reply by Robert on November 23, 2011 at 14:45

Yes Joe, its on the AC shelf in the Dupont LA area. They hit  oil there in the early 90s. 1500 bopd. But after 3 months the checks stopped.  The excuse was wrong mud. Not sure.  However Anardarco recently went back same area. And they screwed up.  My friend has a Crwfish pond right by it 1/4 mile. And he cannot pump water out  the well cause they did something to drop the water.  Now they are doing two bopd. My friend chase down the oilguy from the gas station and right before he got to the lease. He tlak to him , hes said two barrels. As of now. They have to spend more money to go back in and fix the FU. Thats why i think they are have  large chokeon  that Lacour well 3000bopd to pay for screw ups.Im only guessing. Andarko want tell us sh%t. shhh quiet

wWilliam yes it is interactive. Inputs are in red.  Your welcome Joe

 

Permalink Reply by Joe Aldridge on November 24, 2011 at 1:26

Robert,

You are the second one that's said that Anadarko has screwed up the fresh water in the area. I had someone call me yesterday and say the same thing. That's hard to believe. Someone needs to investigate that; both for the industry and the locals that depends on the water in the area. 

Which well is down to 2 bopd? 

Now the 3000 bopd well. The pressures indicate that that well is capable of producing at that rate. However, They risk collapsing the formation at that rate if they have not done a gravel/sand pack. That's my opinion. 

Permalink Reply by William C. Morrison on November 24, 2011 at 3:36

The "Dupont" area is on the island side of False River (in side the horseshoe).  I would estimate it is roughly 12 to 15 miles as the crow flies from LaCoure #43.  I recall a rig working on that side of the river (that is how the lake False River is referred to - river) roughly across from Mix, LA.  Inside the horseshoe was quite an play for a while with four or five Tuscaloosa Trend gas wells.  I do not think any of them are in production any more.  They were all on Jumonville properties.  We had a small piece of property across the river from that well but we did not lease, not worth it.  And it never produced any thing to my knowledge.  But then, it could be yet another well in that area probably a bit more to the south.  There are some 1,600 or more wells drilled in Pointe Coupee.  LaCour #43 is just the latest well.

Dupont is a prominent family name in Pointe Coupee, not unlike LaCour.  Pointe Coupee court house records go back to 1771.  Pretty old settlement.

Permalink Reply by Robert on November 24, 2011 at 12:52

No this is Dupont LA, By Plaucheville, By Cottonport no where near False River. Thats 60 miles away. I know Tray Jumonville.  He always had money. I will findout more about the well. It may be the one Prymes is  discussing. ITs not far from the Turner Bayou/ Bayou Jack.

Permalink Reply by dbob on November 24, 2011 at 4:24

Robert

 

Can you share info about your friends well?  How deep, how old?

 

Permalink Reply by Abington on November 24, 2011 at 15:58

Is this the well you are talking about...Moncrief.. 1997.   It was the last time we had hope in Avoyelles, but it fizzeled and all the land man packed up and left.

It actually drilled under and crossed the later path of one of the current deshotels wells.

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

Permalink Reply by Joe Aldridge on November 24, 2011 at 7:00

There is a new post on Pryme's web site.

 

http://www.prymeenergy.com/IRM/Company/ShowPage.aspx/PDFs/2048-9414...

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