Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 30, 2013 at 14:07

Exploration wells are expensive science projects.  The Doles is a good improvement over the earlier BML. 

Permalink Reply by obed w odom on July 30, 2013 at 17:14

Skip, I take it that you mean the Doles was less expensive than the BML, but the Doles is also not producing nearly as well as the BML. Of course it doesn't appear at this point that either well will be economic.

Permalink Reply by Skip Peel - Mineral Consultant on July 31, 2013 at 1:55

obed, yes the improvement in the Doles is cost to drill and complete.  I'm posting the reports to point out how expensive the wells are in general.  And yes, as I have said before, the wells are not economic. Furthermore an important variable in determining the economics of these wells is the oil cut. With API gravities of 58 and 59 these wells are less oily than previous completions.  This has been acknowledged by SWN when they changed their description for the Lower Smackover from oil and gas to condensate and gas.

Permalink Reply by tony allen on July 31, 2013 at 5:37

Skip, do you expect SWN to renew any of their primary lease terms or will they let them go due to poor performance?

Permalink Reply by Skip Peel - Mineral Consultant on July 31, 2013 at 9:46

I expect SWN to renew some and allow some to expire.  As far as a guesstimate of where, let's wait until the next well or wells are drilled and completed.  I'm hoping that SWN permits additional wells and brings in a second rig.  They basically have 6 to 8 months to generate data to help make a decision on leases.

Permalink Reply by obed w odom on September 25, 2013 at 9:39

The combined July production for the BML/Doles wells was reported by SONRIS Lite today:

3929 bbls condensate, or 127 bcpd; 32050 MCF gas, or 1034 MCFD

The condensate figures are close to the 104 bcpd for the BML plus 30 bcpd for the Doles that SWN reported for July in their 2nd Quarter Earnings Release, but the gas figures are less than the 1230 MCFD for the BML plus 750 MCFD for the Doles reported for July by SWN. In any case, the July combined results are somewhat higher than the June combined results of 126 bcpd and 724 MCFD.

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

Permalink Reply by tony allen on September 25, 2013 at 9:43

Thanks, Obed.

Permalink Reply by obed w odom on October 9, 2013 at 8:17

August production for the BML/Doles wells:

104 bcpd (down 17.9% from July); 1530 MCFD (up 48% from July)

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

Permalink Reply by Matthew Kable on October 9, 2013 at 12:32

For someone less knowledgeable, such as myself, any idea why the reported NG production increased so much?  Thanks. 

Permalink Reply by ddozier on October 9, 2013 at 12:48

I suspect it has to do enthalapy and bubble point pressures being reached in the reservoir. While I don't know any other details that is a swag on my part. Think of it sort of like opening a 2 liter coke and the bubbles that come out of the solution.

Permalink Reply by Matthew Kable on October 10, 2013 at 6:53

Thanks. Whether or not that's what's actually happening, it does help me understand the concept.

Permalink Reply by B Kenner on November 11, 2013 at 9:21

Do you happen to have Septembers production on BML/DOLES?

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