Replies to This Discussion

Permalink Reply by GoshDarn on June 26, 2012 at 7:01

RB:

Well, I have my undocumented/guesstimate opinion (and without solid facts, I wouldn't wanna rain on whatever muddy wagon train since the facts are still iffy, to say the least).

So, I'll simply offer up a sidebar little story.

A few days back, I happen to run into a graying landowner from Montana.  Seems this guy was working for a certain entity back in the 1960's in his home state, back when a certain company was punching in some seismic shoots.

Now, what got my attention was when this ol' coot told me what the leasing was going for way back then in that general vicinity.  Yep, the pricing was seriously shocking to hear him say it.

He said landowners, back in the '60's, were being offered $5 an acre to lease in that part of Montana.

Hey, I kid you not.

And when I asked about acreage, he said that when it came to spreads in Montana -- that most folks tended to own large acreage, running around 5000 acres or more.

He also mentioned a Cherokee rodeo rider who refused to lease his land way back then.

Huh.

Wonder what ever happened with those ol' leases? 

 

 

 

 

Permalink Reply by The_Baron on June 26, 2012 at 8:38

Way back when in monatana many landowners would lease to hopefully get a few water wells punched for them.

Permalink Reply by GoshDarn on June 26, 2012 at 10:14

Roger that, Baron.

And when I worked on a shallow survey rig back in 1970, punching in for sand cores in and around Arcadia and Bienville P. -- the watermelon patch owners liked it when we drilled their water wells for 'em.

Those melons sure do like sand.

Permalink Reply by Bradley McWilliams on June 26, 2012 at 2:02

The mentions of the Bakken were serperate I believe from the DJ basin stuff.  It seemed to mentioned in "passing", it certainly wasn't talked about.  I can't remember the gent's name, but he has only been at SWN a short time, so maybe he is accustomed to saying the Bakken from his old employer?  I can't imagine they have a large chunk of land there, it would be expensive to get a position there now.  I have read that the Bakken may exist in SD, so maybe it's a new portion of the play?

Permalink Reply by obed w odom on June 26, 2012 at 3:44

bpm, you are right. I went back and listened again to the webcast, and Bill Way definitely distinguished SWN's activity in the Bakken from their activity in Colorado. Just after talking about the Colorado play, he said, "You've probably heard we are also drilling in the Bakken. I probably won't talk much about that, but we are doing it."

Permalink Reply by Bradley McWilliams on June 26, 2012 at 4:46

I wonder where folks would have heard that from?  I know a lot of folks at SWN. The BD is discussed, PA is discussed, the DJ basin is mentioned, and Canada is acknowledged, but the Bakken has never come up.  Mr. Way was scheduled to speak here for a local vendors group, but he had to back out.  Now I would love for him to show up so I could ask about it. (Not that I would get an answer)

Permalink Reply by Ed on June 26, 2012 at 17:08

In Montana, Sheridan County....."Southwestern Energy Production Co. won approval for a Sheridan County well, the Bedwell 33-52 1-1H (NW NE 1-33N-52E), with a PBHL of 12,100 feet, hitting the Bakken Formation."

http://www.greatfallstribune.com/article/20120614/DC5/206140321/Mon...

Permalink Reply by obed w odom on June 26, 2012 at 18:42

Good detective work, Ed!

Permalink Reply by Bradley McWilliams on June 26, 2012 at 23:08

What a deal!

Permalink Reply by obed w odom on June 27, 2012 at 2:40

What does the 12,100 feet mean for the proposed bottom hole location (PBHL)? Is this the total measured depth? Other Bakken wells listed in the cited newspaper article show much higher numbers for PBHL (!6,000 to 20,000 feet).

Permalink Reply by Bradley McWilliams on June 27, 2012 at 2:53

Just a guess, but if this is indeed a wildcat, they may not be sure they even need a lateral.  Maybe want to do science, see what's down there, and then drill sideways as needed. In the BD, they had holes all around to give them an idea if they had a shot.  If the closest well is miles away, thirty years old, and only one, theres not much to go on...

Permalink Reply by Skip Peel - Mineral Consultant on June 27, 2012 at 2:57

Pilot hole.  They can amend the permit to go horizontal if they like what they see.

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