Replies to This Discussion

Permalink Reply by 23h4ypcem71ji on July 23, 2012 at 6:44

 Well, Im in the home stretch now with Anadarko negotiations so I guess I can talk a liitle bit about this deep oil rumer going around in SE Rusk County.  I emailed Anadarko over a year ago about some unleased minerals I had in the Caledonia area where my farm is located. Told them of an old capped well that had produced oil until shut-in/capped during the 80's oil bust.

  Anadarko proceded to lease-up the immediate area & surveying out units etc..Between asking around to several folks I knew in the industry and some quality info/emails on the subject of this deep oil, its obvious (to me and several others) that The Smackover formation is going to be drilled in SE Rusk County Tx.

  Here's some information shipped my way, the lone well in SE Rusk County on the Smackover map is the same well I emailed Anadarko about on my place:

Attachments:

• our farms well smackover formation info.pdf, 5 MB

Permalink Reply by adubu on July 23, 2012 at 7:33

Brent---What page is the Caledonia area high lighted? I do not see it nor your well? What is APC offer to lease? What survey are you in? Congraulation if you get a oil well:)

Permalink Reply by 23h4ypcem71ji on July 23, 2012 at 7:50

Page 13, you'll have to zoom in to see the dot in s.e. rusk county and the map discriptions at the bottom.

Permalink Reply by 23h4ypcem71ji on July 23, 2012 at 8:07

Oh sorry, Jesse Loose survey.

Permalink Reply by adubu on July 23, 2012 at 8:10

Brent--- I see the dot but no ID so did AP

Permalink Reply by 23h4ypcem71ji on July 23, 2012 at 12:59

In a nut shell, the Travis Peak and Rodessa oil production in SE Rusk County Tx is from the migration of oil (from Smackover Formation) to pathways within the Mt. Enterprise Fault Zone . The old timers suspected this decades ago. Its taken this long for the science to catch up to the old timers good intuitions.

Attachments:

• mt. enterprise fault zone.jpg, 282 KB
• Mt. Enterprise fault zone #2.jpg, 219 KB

Permalink Reply by adubu on July 23, 2012 at 13:33

Brent--is APC saying being in the Mt Enterprise fault good possibility for deep smackover oil? The above reply got cut I see -- did APC say your well was the dot on map ? I worrier if it extents to the west in the fault west of town of Mt Enterprise along US 84 for I have 140 acres about 5 miles west just to north of US 84 in Maria Gonzales Survey ---:) ask your landman if they have interest to the West on line of US 84 for me if interest I have contract for about 1000 acres contiguous over that way if yes give me contract info

Permalink Reply by adubu on July 23, 2012 at 14:02

Brent--- clarify just north of fault not in the fault but with in the Sabine uplift

Permalink Reply by 23h4ypcem71ji on July 23, 2012 at 14:18

The fault line is just a migration pathway for the deep oil to arrive at Travis Peak & Rodessa formations, thats what the USGS says anyway. They've found "Smackover formation tops" under those TP/R wells.

I'll know one way or another as far as my deal with Anadarko goes... I'm about ready to take the 100% royalty route (told'em this last week) and forgo any bonus money. My initial royalties go toward the rig cost etc.. After its paid off in 8-12 months or so, ITS ON! ha.. 

Permalink Reply by adubu on July 23, 2012 at 14:29

How many acres net minerals--- are u sure they will put you in unit without lease rather than cut you out of unit-- your minerals with surface and not undivided ? So youlan to be ULMO

Permalink Reply by dbob on July 23, 2012 at 15:44

Thanks for sharing the info.  It could make a lot of area interesting.

Permalink Reply by Andrew on July 25, 2012 at 0:14

Be careful, unless you are on a drillsite tract they can draw the unit around you and cut you out completely. Even if they can't manage that, a 20,000 foot well that is one of the R&D wells in a play could be very expensive and never break even. Just look at the early Tuscaloosa Marine Shale and Eagle Ford Wells - terrible economics until the industry learned how to drill.

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