Replies to This Discussion

Permalink Reply by Ed on April 12, 2012 at 6:06

Devon has 250,000 ac in the TMS. While no secret I think this is where the play is.

Permalink Reply by wwsjr. on April 12, 2012 at 8:50

Devon CEO was on Mad Money and said the new play was the Cline formation in the Permian Basin

Permalink Reply by Rockman Jr. on April 12, 2012 at 9:25

Skip:

I thought Devon's leaseholds in the Brown Dense were much larger.  I remember the thread for the Crossett 31 well, (or for Morehouse Parish activity) that was posted on the old 'play' forum indicated Devon had a large holding and it looked like they were going to be the major player in the area; I thought that it was more than 40,000 acres, but I could be mistaken. 

I assumed that Devon had temporarily plugged this well in order to wait for more data about the play, and if Southwest or Dan Hughes had better luck drilling their laterals, that Devon would make another attempt at a lateral perhaps in the upper portion of the Brown Dense before  abandoning this well.

Permalink Reply by Skip Peel - Mineral Consultant on April 12, 2012 at 10:17

Ed, please post a link to the Devon announcement of the 25000

Permalink Reply by Ed on April 12, 2012 at 10:43

I can't verify the accuracy but I read it here:

http://www.indigominerals.com/docs/Emerging_Plays.pdf

Permalink Reply by Oilman28 on April 12, 2012 at 10:51

Here is some other info from Devon on their position. Their presentation indicates that they currently have 285,000 acres in the TMS. I know that they still have some major land crews still down there adding acreage as quickly as possible.

Attachments:

• Excerpt from 4-4-2012 Devon Analyst Day.pdf, 241 KB

Permalink Reply by Spring Branch,mineral owner on April 12, 2012 at 12:13

I'm confused by this blog.  Are we talking about Devon's position in the Brown Dense or their position in the TMS?

Permalink Reply by Ed on April 12, 2012 at 12:22

Devon's website says "575,000 net acres in north Louisiana". Pretty broad stroke just saying "North Louisiana". The link I posted said 40,000 ac.

Permalink Reply by North LA on April 12, 2012 at 14:26

I had no idea they had so many acres in North LA.

 

This is from their website.

 

North Louisiana

The majority of Devon’s production in North Louisiana comes from the Hosston and Cotton Valley Sands also found in east Texas. Recent efforts have been focused on low-risk infill drilling and horizontal drilling for the Lower Cotton Valley sands. The company expects to pursue other liquids-rich horizontal drilling opportunities in the area.

 

• 575,000 net acres in north Louisiana
• 50% average working interest
• 186 producing wells
• Production (Q4 net): 3 MBOED
• Reserves (12/31/11): 13 MMBOE (16% liquids)
• Key areas include Ruston and Calhoun
• Produces oil and gas from multiple formations at 7,000’ to 17,000’

 

http://www.devonenergy.com/Operations/Pages/operations.aspx

Permalink Reply by Skip Peel - Mineral Consultant on April 12, 2012 at 14:38

Devon has considerable legacy leasehold in N. LA.  And significant TMS leasehold assembled since the summer of 2008 in the Florida parishes. The only comment that I can recall specific to the LSBD was the 40,000 acres.  Yes, SB. this thread is about the LSBD, not the TMS.

Permalink Reply by Land Rat on April 15, 2012 at 5:13

that being said, if their legacy holdings are in area prospective for LSBD activity and the leases HBP or still in primary term allow for those depths, it's theoretically feasible that they could redevelop that acreage for LSBD.  If their leases are old, it's quite possible they would have rights to those depths.  However, I think a large part of the cotton valley that was developed doesn't necessarily overlap acreage that is prospective for LSBD.

Permalink Reply by North LA on April 15, 2012 at 8:24

Is it possible for 186 producing wells to hold up 575,000 acres? That's 3,091 acres per well HBP. The Calhoun and Terryville fields aren't that big. I'm not sure where the rest of their acreage is located. I'm not saying the LSBD is the new play they are talking about but I'm just curious how they are keeping all of this land tied up? Is it through a mineral lease company like Donner? http://www.donnerproperties.com/Property-Maps/property-maps.html

• ‹ Previous
• 1
• 2
• 3
• 4
• Next ›
• Page