Replies to This Discussion

Permalink Reply by 2p6y7ycljui0u on June 19, 2013 at 12:46

Bad news for all N. Louisiana H.L. Hunt wannabes in the LSBD play. Whiting has shut down leasing and has experienced at least three "twist offs" in their Claiborne unit. Big over run and delay. More people than Willie need a shoulder to cry on; Penterra and Miller told to shut it down. Sorry, Dave. Looks like the Cotton Valley has a curse, at least for now. No Bakken for the homers.

Permalink Reply by G Meaux on June 19, 2013 at 15:49

 Looks like the Cotton Valley has a curse

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

Permalink Reply by Skip Peel - Mineral Consultant on June 19, 2013 at 15:58

A curse that includes 552 bbl in addition to the gas.  We should all be so cursed.

Permalink Reply by Big Little Oil on June 20, 2013 at 2:31

Thats one helluva well.

Permalink Reply by tony allen on June 19, 2013 at 16:06

SWN can't fund their project. Whiting can't drill a well. Casing is collapsing. WB don't have the money to fund their 350 bopd well. Takes 3 years to run 6 mile pipeline. H2S serious problem requiring big money fix. Cotton Valley has a curse. N. Louisiana screwed !!!

Thanks guys !! I really thought there was a problem until I realized this thread's title.

Permalink Reply by Francis Mayo on June 19, 2013 at 17:43

I would not worry about a curse or the competency of the operators, just concerned about the price level of oil. I hope it continues to hold up for an extended investment in LSBD. Bernanke is winding down and things are not looking good in China. As a matter of fact, looking scary at this moment. All of us know how prices can collapse in the middle of a good thing. It is wise for WLL to put the brakes on leasing. There is plenty to work with at the moment.

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=d13de2...

Permalink Reply by Jimburgess on June 29, 2013 at 15:41

Way to go, Tony!!!!!!! It seems that there are some guys that have some

incredible inside info that always seems to be negative or bad news.  The

majority of people would rather spread the bad news vs. the good.  I do not

know who I am referring to but.....if the damn shoe fits wear it.!!!

Jim Burgess

Permalink Reply by Sarah Randolph on August 22, 2013 at 6:49

I heard DeSoto Rig #21 will begin moving from the Upshaw site to the Hollis site tomorrow. Also, there is no Rig sign up for DeSoto #20 at the Plum Creek location; if it was ever up it's not there now. I saw the rig at that location yesterday and it's still stacked.

Permalink Reply by Skip Peel - Mineral Consultant on August 22, 2013 at 7:19

Thanks, Sarah.  Both the Upshaw and the Plum Creek wells must be spud by a week from Saturday (8/31/13) under their current permits to drill.  SWN could apply for new permits after that date.  They don't seem to be in any hurry.

Permalink Reply by Sarah Randolph on August 22, 2013 at 7:28

For what it's worth you can drive around the backroads and see pipeline flagging around Upshaw and Plum Creek sites. 

Permalink Reply by Skip Peel - Mineral Consultant on August 22, 2013 at 7:32

In addition to having a drilling subsidiary SWN has a mid-stream division.

Permalink Reply by obed w odom on August 22, 2013 at 9:12

The permit for the Hollis location is still shown as "expired" on SONRIS Lite, but as Skip said, I guess SWN could apply for a new permit at any time.

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