Freeport-McMoran

Looks like Jim Bob finally pulled it off.

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Permalink Reply by Two Dogs, Pirate on December 24, 2014 at 10:19

Congratulations Jim Bob and Tex.

Permalink Reply by Skip Peel - Mineral Consultant on December 24, 2014 at 14:11

TD,P~

Got a serial number for the well?

Permalink Reply by Two Dogs, Pirate on December 24, 2014 at 14:47

No, haven't looked in a while at the wells but the courthouse was packed in Crowley when I was there a couple of months ago and they were all maybe working for McMoran. Jim Bob said a year or so ago that this play was going to put the shalers in the dust. I have heard that it will extend as far North as St Landry Parish. Looks like it is center of the state say from West to East below Lafayette.

Permalink Reply by Joe Aldridge on December 24, 2014 at 16:22

The serial number is: 245356

Its in the Sonris Scout report located in St. Martin Parish - Field 0875 - Bayou Long

Permalink Reply by Skip Peel - Mineral Consultant on December 24, 2014 at 16:32

Thanks, Joe.

Permalink Reply by Joe Aldridge on December 24, 2014 at 16:50

No new Scout Reports for quite some time. Still listed as completing.

Permalink Reply by Skip Peel - Mineral Consultant on January 15, 2015 at 9:58
Permalink Reply by David on January 15, 2015 at 11:49

Skip, I am a royalty owner on this well. It can be found at Highlander 1 on SONRIS. They are planning an alternate weil, Highlander 2, very close to this one. (Coastal Rig 22 is Highlander 1)

From our O&G attorney:

Actual production is supposed to begin by Feb 1st. Payments should follow in 60 Days, hence April.

Permalink Reply by Joe Aldridge on January 15, 2015 at 11:59

David,

What size unit are they proposing?

Permalink Reply by Skip Peel - Mineral Consultant on January 15, 2015 at 12:04

I hope it's a good well, David.

Permalink Reply by Joe Aldridge on January 15, 2015 at 12:43

Skip,

It tested at 43.5 Million with almost 12,000 psi flowing tubing pressure It has 150 ft of pay. I think that is a VERY GOOD Well.

Permalink Reply by Skip Peel - Mineral Consultant on January 15, 2015 at 12:52

Could be.  The Initial Production data is impressive.  However the IP 30, 90 and 180 will be a much better barometer of commercial potential.

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