Replies to This Discussion

Permalink Reply by Big Little Oil on December 11, 2012 at 1:58

They are Encap backed, impressive track record IMHO...

from Encap's website: "Empresa Energy I / Empresa Energy II
Empresa Energy is a Houston-based independent oil and gas company focused on the acquisition and development of resource play-type assets. While partnered with EnCap, the Empresa team has successfully developed and realized assets in the Haynesville and Eagle Ford shale plays.  

Empresa I – EnCap and the Empresa management team formed Empresa in December 2004. The company pursued an aggressive growth strategy, amassing a substantial acreage position in the ArkLaTex Basin and Haynesville Shale play. Empresa successfully executed a development program over a four and a half year period, creating significant proved reserve value and resource potential. In July 2009, Empresa sold to Chesapeake Energy Corporation (NYSE: CHK).

Empresa II – Subsequent to the sale of Empresa I to Chesapeake, EnCap again partnered with management to form Empresa II in July 2009. Over the ensuing year, Empresa II deployed its equity commitment in the condensate window of the emerging Eagle Ford Shale play. In June 2010, Empresa II’s Eagle Ford assets were acquired by Chesapeake Energy Corporation.

EnCap is currently partnered with Empresa management in Empresa III, which was formed in September 2010."

http://www.empresaenergy.com/Activeprojects.htm

Permalink Reply by Sarah Randolph on December 11, 2012 at 10:02

BLO, thamk you for the info.  Do you think this is a JV with SWN?

Permalink Reply by Big Little Oil on December 11, 2012 at 10:15

Encap , ergo Empressa, has plenty of money. JVs would only be possible if a major player decided to go into development mode becuase of economic returns.

There are 15-20 companies involved at varying stages in this play now, both public and private. It is still nascent, but the size of the players evaluating it could result in an explosion of activity if a good well, or wells, comes in.

Permalink Reply by Sarah Randolph on December 11, 2012 at 10:24

I asked because my family's lease was with SWN and we are in the units.

Permalink Reply by mike brown on December 13, 2012 at 5:06

Good morning all,

Is this in Taylor Town or Taylorville

Permalink Reply by RXR1000 on December 13, 2012 at 14:20

Taylorville is the field. It is in north Union Parish, northeast of the town of Spearsville. It is only about a section and a half from the Arkansas state line. Taylorville is a small "community" in that area on LA Hwy 3121 between Spearsville and Lockhart. There are two Taylortown's in LA - the other is just south of Bossier City in Bossier Parish.  I do not find a Taylorville field on the current DNR GIS map, but the maps provided by Sarah above are definitely in Union Parish.  Taylorville could be a new field designation....or an error.

Permalink Reply by RXR1000 on December 13, 2012 at 14:39

Correction.... I should have said, "Taylortown is a small community in that area on LA Hwy 3121 between Spearsville and Lockhart. Thus, the two "Taylortown's".

Permalink Reply by Skip Peel - Mineral Consultant on December 16, 2012 at 10:12

The Office of Conservation has the following operational history on Empresa Energy LP.  18 total well permits none drilled all expired.

E159	EMPRESA ENERGY, LP

 

	Well Serial	Well Name		Status							Sec-Town-Rng	Parish
	231687	CV RA SUQ;WAITES 21		03							021-16N-09W	07
	232540	CV RA SU78;SOUR EST 13		03							013-16N-11W	08
	232614	CV RA SUS;GLASS ETAL 29		03							029-16N-09W	07
	233754	CV RA SUY;T K GIDDENS ETAL 30		03							030-16N-09W	07
	234304	CV RA SU109;GALLASPY 10		03							010-15N-14W	16
	234316	SUSTAINABLE FOREST 26		03							026-15N-10W	07
	234317	SUSTAINABLE FOREST 35		03							035-15N-10W	07
	237201	MURRAY ETAL 37		03							037-14N-10W	41
	238512	CV RB SUWW;GOLSON 37		03							037-14N-10W	41
	238513	HOSS RB SUWW;GOLSON 37		03							037-14N-10W	41
	238561	CV RB SUQ;SUSTAINABLE FOREST26		03							026-15N-10W	07
	238579	HOSS RB SUQ;SUST FOREST 26		03							026-15N-10W	07
	238789	CV RB SUT;SUSTAINABLE FOREST 4		03							004-14N-09W	41
	238798	CV RB SU71;SUST FOREST 33		03							033-15N-10W	07
	238966	HOSS RB SU71;SUST FOREST 33		03							033-15N-10W	07
	238969	HOSS RB SUT;SUST FOREST 4		03							004-14N-09W	41
	238982	SUSTAINABLE FOREST 35		03							035-15N-10W	07
	973647	SUSTAINABLE FOREST 11 SWD		03							011-14N-10W	41

Permalink Reply by Skip Peel - Mineral Consultant on December 22, 2012 at 4:58

A client who knows Empresa Energy suggested that I review HOSS/CV wells in the same sections where the company formed Haynesville Units and sold to CHK.  The data shows that Empresa drilled a number of successful Hosston and Cotton Valley vertical wells in some of those sections and a good many of the expired permits listed above were in force when the buyout occurred.  I did not find any evidence that the company has horizontal completion experience in LA. 

IMO the formation of L SMK  units accomplishes two things;  it alerts other operators that Empresa has Brown Dense prospective acreage available for development and, in the event they find no takers, it enables a singe well, including a vertical completion, to hold all the leases encompassed in the unit boundaries.

Permalink Reply by John D Cook on December 16, 2012 at 11:02

I think most of Empresa's  interest in NW La was bought by Chesapeake in 09.

Permalink Reply by Skip Peel - Mineral Consultant on December 16, 2012 at 11:13

Empesa may have had Working Interest in some other operator's wells or some leasehold.  The 17 well permits, not counting the SWD, cover a period from July, 2005 to October, 2008.  They drilled no wells as an operator and there is no drilling or production data prior to or after those dates.

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellorg6?...

Permalink Reply by tony allen on December 16, 2012 at 11:51

Skip, What do you think is going on here? It seems Empressa is a non-operator. Do you think they are looking for a partner or acting on behalf of some other company?

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