Replies to This Discussion

Permalink Reply by BLZBub on August 3, 2012 at 2:41

Les,

What is your opinion about this report? Not an oil & gas professional, but it sounds like it could have been worse.

Permalink Reply by Lerret on August 3, 2012 at 3:58

Watch the water...if the water is only frac fluids then that is a positive report. If 90 days from now they are still producing that much brine, disposal costs will be a big issue. Another reason you should avoid "Post-Production" expenses in  a lease because you get to help pay for the water being moved...50 gravity oil is very light...and that is nice production if it does not decline too steeply. First good news anyone has confirmed...imho.

Permalink Reply by Lee Max on August 3, 2012 at 6:21

It is really not very hard to understand, If you worked over a day or two for SWN and could not understand the organizational chart then it may be a reason you do not work there any more. Have you ever went to their page? Pretty straight forward. If you are really that confused, save it for your self and do not bore us with these irrelevant and subjective comments that relates to your issues. "very interesting" was the best thing you can say?? This means zero, please save space and our time. Why would a field broker that does not work for the crew be concerned? Interesting and confusing?

Permalink Reply by Lee Max on August 3, 2012 at 6:14

Get your facts straight negative subjective comments are a waste of our time.

Permalink Reply by Lee Max on August 3, 2012 at 6:26

THIS COMMENT IS DIRECTED TO LERRET. Get your facts straight and if you do not understand the business as to production, please keep it to your self. Subjective and Opinionated remarks by you and others like you may mis lead some innocent land owner who might construe your comments to mean something. They are a waste of space and time. Facts only as we have ask of you before not abstract opinions which are apparent from your writings. You comments are ignorant.

Permalink Reply by obed w odom on August 3, 2012 at 5:57

I see that SWN is sticking with the figure of 19 fracture stages for the BML well, in spite of the paperwork that North LA reported earlier, indicating about 40 stages. Maybe it depends on how a stage is defined. Did I understand Mueller correctly that they don't think this well is quite up to the economically viable level yet? I did think he sounded cautiously optimistic though.

Concerning the Roberson and Garrett wells, I thought he sounded less optimistic, mentioning that they might just turn out to be science wells. For the Roberson he said it might be produced sometime in the future. For the Garrett he was a little more positive, saying: "we may or may not connect it up; we're still looking at that."
I think he said bottomhole flowing pressure for the Roberson was 2500 psi and for the Garrett 4100 psi, compared with 5700 psi for the BML.

Permalink Reply by Matthew Kable on August 3, 2012 at 6:31

Regarding the BML well, you may not have noticed that SWN specifically said "19 successful fracture stimulation stages..." in their earnings press release and conference call.  It kinda makes you wonder about the balance of the 40, if in-fact that number is correct. 

 

That aside, the apparently improving production numbers and repeated higher bottom-hole pressures in the latter two completed wells do give a reason for mild optimism.

Permalink Reply by Barbara Keene on August 3, 2012 at 6:33

Obed, the word successful stood out to me in this statement:

"The company's third well, the BML #31-22 #1-1H located in Union Parish, Louisiana, was drilled to a vertical depth of approximately 10,400 feet with a 4,300-foot horizontal lateral and was completed with 19 successful fracture stimulation stages in June

I do not know if that is significant or not.  There has been seismic testing in the BML unit within the last two weeks.  Why would they still be testing in the unit when they have already permitted and prepared the Doles site?  I was hoping Skip would share his thoughts on the announcement:)

Permalink Reply by Skip Peel - Mineral Consultant on August 3, 2012 at 6:42

Barbara, I haven't made up my mind regarding the results.  I'm waiting on email responses from a couple of geologists.  In regard to seismic testing I can only say that much of the 3D seismic shot in the Haynesville Shale play occurred after initial wells were drilled.  IMO it was used to fine tune specific future drilling targets.

Permalink Reply by Barbara Keene on August 3, 2012 at 7:16

I am not surprised at all to hear you say that.  I hope you can share your thoughts when you know more. Thanks.

Permalink Reply by Sarah Randolph on August 3, 2012 at 7:53

Re: the Doles well, is 17,300 vertical still in the Brown Dense?

Permalink Reply by Skip Peel - Mineral Consultant on August 3, 2012 at 8:03

The Does is permitted to 10,562' True Vertical Depth and to 20,008' Measured Depth.

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