Replies to This Discussion

Permalink Reply by courtney oliver on February 8, 2012 at 14:44

I will be up in that neck of the woods Monday and will see what I can find

Permalink Reply by Rockman Jr. on February 8, 2012 at 15:39

Thanks, Courtney.  If you have a chance, swing by the middle gate road if the hunting club has left the gate open and see if they have started on the location for the Dan Hughes, Plum Creek #1

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

Permalink Reply by Marc Stepman on February 13, 2012 at 3:38

I would like an update as well?

Marc

Permalink Reply by Jim York on February 15, 2012 at 3:35

Yesterday, in the Office of Conservation well file saw a work permit dated 02/08/2012  that Devon is going to set a Cast Iron Bridge Plug (CIBP) above the perfs., dump 20 sacks of cement on top and suspend operations. Based on past observations this type of activity usually means they are done with this hole. They leave a door open to play with the well later by not plugging it, but rarely do you see folks go back into a hole that is 'suspended'.

So the question becomes will Devon try again, or possibly partner up? Or will they consider a farmout their extensive acreage holdings? Stay tuned!

Permalink Reply by Skip Peel - Mineral Consultant on February 15, 2012 at 3:38

Jim, any idea of the size of Devon's leasehold in the LSBD prospective fairway?

Permalink Reply by Jim York on February 15, 2012 at 4:22

Just guessing in the vicinity of the Monroe Gas Field (MGF) - its around two townships in the northern reaches of the MGF along the Ouachita River to the ARK Line. +/- 40K acres

Permalink Reply by Skip Peel - Mineral Consultant on February 15, 2012 at 4:31

Thanks for the update.  A reminder for our laymen members: one well does not make or break a prospect.  It will take time and multiple wells to determine if the LSBD will be an economic play. 

Permalink Reply by The_Baron on February 15, 2012 at 5:45

Jim,

 

I had heard that they were considering abandoning the current bottom hole, and attempt (again) to re-drill the lateral. This is just rumour though...

Permalink Reply by Jim York on February 15, 2012 at 6:39

Mr. Baron,

Hope they do... that would say that they saw something they liked.

Had eyeball report that a coiled tubing rig was on site today.

Figure they must be setting the CIBP.

Permalink Reply by Steve on February 15, 2012 at 9:20

Or cutting a window in casing to drill a new lateral...

Permalink Reply by Jim York on February 16, 2012 at 8:40

Did anyone catch Devon's CEO, John Richels, last night on TV telling Jim Cramer that Devon has another huge US find.

The CEO said he would say no more about it until they have acquired 300-500K acres in the new play.

Permalink Reply by North LA on February 16, 2012 at 11:27

I wonder what it is?????

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