Replies to This Discussion

Permalink Reply by Spring Branch,mineral owner on August 16, 2012 at 10:08

The cat is out of the bag.  Thanks, Skip!

Permalink Reply by Iris on August 17, 2012 at 4:36

Okay, guess I'm applying for GHS school again.  Why this interest in natural gas at this time?  Thought it was a "dead" zone or issue for now.

Permalink Reply by Iris on August 17, 2012 at 11:16

Ok, thanks for the response, I think!   Then why the request to unitize Sec. 18 for natural gas and "condensates"?

Permalink Reply by Coonman on August 20, 2012 at 2:35

Jay,

If the Oil, condensate, and NGL molecules are worth 10 times more that gas molecule, then why are the lease offers been so low,  and why do you think the other players are not in a lease frenzy like we saw @ the beginning of the HS play? Also the 960 acre unit will not be helping anyone getting mailbox money vs. the 640 acre unit, they are splitting up the pie more.

 

 

Permalink Reply by Les Bamburg on August 20, 2012 at 3:07

Coonman, it is unclear the specific target for Anadarko since no well permit has been issues.  In Panola County Anadarko is drilling Haynesville Shale wells that produce a "richer" natural gas and associated condensate.  The natural gas is processed for recovery of natural gas liquids (NGLs).  The sale of the condensate and NGLs increases the effective price (revenue) received for the produced natural gas.  The amount of this price increase depends upon the amount (yield) of condensate and NGL's.

 

For northern Caddo Anadarko could be targeting rich gas with condensate in the Haynesville Shale or some other formation located in the Haynesville Zone.

Permalink Reply by Coonman on August 20, 2012 at 4:49

Thanks Les,

 How many wells out of the 960 acre unit can they drill...I guess what I am asking is that since its 960 rather than 640 acres to accommodate for the longer laterals, would be like one well per unit...right? Also how is this rich gas transported, in the same pipelines?

Chris

Permalink Reply by Les Bamburg on August 20, 2012 at 18:06

Coonman, the number of wells in this 960 acre unit would depend on spacing.  Assuming it was fully developed with horizontals similar to other areas I would anticipate up to 8 wells in the unit.  Of course one producing well would hold the entire 960 acres.

 

Rich gas is normally transported in gathering systems connected to a gas processing plant for NGL recovery and gas treating.  I would expect that most of the existing gas production in this area is handled in a similar fashion.

Permalink Reply by Rick on August 18, 2012 at 2:38

I'm with Iris in that I need get back to GHS class.  Can anyone tell me what, if any, effect this may have on mineral owners in Section 6 of T19N?

Thanks in advance,

Rick

Permalink Reply by Skip Peel - Mineral Consultant on August 18, 2012 at 16:08

Rick, we need a Range such as 15W to go with the 19N.  There are multiple 19N townships.  It would be written like this:   S6 - 19N -15W.

Permalink Reply by Rick on August 19, 2012 at 0:44

Sorry, Skip.  It's exactly as you said - Range 15W.

Rick

Permalink Reply by Rick on August 19, 2012 at 2:24

Apologies again, Skip!  I must have still been half asleep - it's Range 14W. Sorry for the confusion.

Rick

Permalink Reply by Skip Peel - Mineral Consultant on August 19, 2012 at 2:41

I'll look at my notes when I get home and let you know if any leases are recorded for your section.

• ‹ Previous
• 1
• 2
• Next ›
• Page