Replies to This Discussion

Permalink Reply by Matthew Kable on July 13, 2012 at 5:49

well said.

Permalink Reply by obed w odom on July 14, 2012 at 7:25

I mentioned above on page 1 of this thread that we have a lease in S11&S14-23N-6W negotiated by the broker Flora-Bama in August of 2009, thought to have been working for EOG. My guess is that EOG has now assigned the lease to SWN. In any event, the lease's primary term ends in August of this year, but there is an option to renew it for 2 years at $200/acre and 20% royalty. We have not yet heard from the lessee, but a landowner just east of us, who leased to the same broker for the same terms in July of 2009, has just received a check from the lessee for the 2-year extension. This makes me think the lessee will also exercise its 2-year-extension option for our property. These properties are 1.75-2.75 miles due west of the SWN Garrett unit in S7-23N-5W.

So there is still some interest in this area.

Permalink Reply by obed w odom on July 21, 2012 at 3:59

We received our lease renewal checks for the above lease yesterday, July 20, from T S Dudley, representing Southwestern. This lease had changed hands several times: from Flora-Bama to EOG, from EOG to Pinebelt, and from Pinebelt to Southwestern. All of this property is less than 1.75 miles west of the western edge of the Garrett unit.

I hope this bodes well for future drilling in this general area.

Permalink Reply by Barbara Keene on July 21, 2012 at 12:55

That is great news for the brown dense.

Permalink Reply by The_Baron on July 25, 2012 at 5:09

maybe, maybe not. At the cost for these leases to be aquired they would be foolish not to renew.

Permalink Reply by Barbara Keene on July 25, 2012 at 6:02

I get your point Baron.  SWN acquired leases at a low cost/acre.  They also are investing millions, hoping it pays off.  I got the impression Obed was encouraged on the renewal of his lease.  Lease money is like gravy....it's the potatoes or a producing oil well on your property  that's the main dish!   I pray Obed gets both!  Thanks for all your input on GHS.  Soar! 

Permalink Reply by Lee Max on July 25, 2012 at 6:17

Geologically speaking I would bet on Louisiana and Mississippi as the prime areas. Based on my mapping I think the best place to be is in Louisiana and Mississippi. Time will tell and I do agree with the cheap acreage concept to tie up the land until the foregoing actually materializes. There might be a sweet spot found in AR one day; however, you cannot find it unless you are drilling. The drilling dollars are primarily going to LA.

If not, you drop the acreage a few years down the road. The recent activity by Cabot and SWN as it pertains to LA and the lack there off in AR should be prove enough where the big drilling dollars are being spent and where the play is currently developing. One only needs to look at which side of the state line the big players own leases Exxon, Devon, Dan Hughes, Empressa, Dan H Hughes, BTE Energy, Lunar, Whitmar, etc. LA not AR Take the Bonus money and be thankful you got it. Be prepared for the play to move East quickly. West Carroll, East Carroll, and Isequeana will see some well drilled in the not to distant future. This is only an opinion. West Carroll may be the sweet spot????

Permalink Reply by Skip Peel - Mineral Consultant on July 25, 2012 at 6:29

That reminds me.  XTO Exxon Mobil 2 #1 (244072) S2(35)-20(21)N-8E, Morehouse Parish recently reported updated status.

SCOUT INFO

REPORT DATE	WELL STATUS	MEASURED DEPTH	TRUE VERT DEPTH	DETAIL
07/03/2012	29	7483		06/28/12: PLUGGED & ABANDONED.
05/23/2012	31	7483		INACTIVE DRYHOLE- FUTURE UTILITY STATUS DATE: 12/08/11

Permalink Reply by Big Little Oil on July 25, 2012 at 6:53

There is a Jurassic age volcanoe in the formation called the Epps Dome, right on the West carroll/East Carroll border. Thats where the sweet spot to the east may be according to a Rock Doc I talked to about it. Its right on the 9000'-11000' trend line too.

Permalink Reply by Steve J Roberson on July 25, 2012 at 8:15

Big,

I'm sure you know what you are talking about, but why did SWN do seismic testing and drill the first well in Columbia County? I would think their geologists and other experts would know something.

Permalink Reply by Big Little Oil on July 25, 2012 at 8:26

There just havent been any holes poked in West/East carroll for well control, unlike the plethora of tests over in union county And Union parish

Permalink Reply by Lee Max on July 26, 2012 at 15:24

Are you suggesting that the volcano would act as trap, fracing catalyst, or scrub for the H2S, please elaborate. Thanks in advance for your specific ideas and or geological theory.

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