Replies to This Discussion

Permalink Reply by Henry on January 1, 2015 at 2:28

There has been leasing in this area during 2014 by a company called Cortez Resources.  Could it be related to that? 

Permalink Reply by olddog573 on January 1, 2015 at 6:30

Don't know.  Its definitely a Vine location and this was not a work over rig.  More like refrac equipment.  Who was Cortez representing?  

Permalink Reply by Henry on January 2, 2015 at 13:30

My understanding is that Cortez is company of investors based in Dallas.  They don't do the drilling themselves.  Rather, they acquire a fairly small leasehold, partner with a driller, and go at it.  I was told that they plan to put superpads in this area and begin drilling in the next few years.  They have spent much of 2014 acquiring leases in the area.  They have done this type of thing in the TMS and, I believe, in the Eagle Ford also.

Permalink Reply by tpritch on January 6, 2015 at 8:26

Aug-14-2014
Source:	Capital IQ Transaction Database
Headline:	Vine Oil & Gas LP entered into a definitive agreement to acquire Haynesville assets from SWEPI, LP and Shell Gulf Of Mexico, Inc. for $1.2 billion.
Situation:	Vine Oil & Gas LP entered into a definitive agreement to acquire Haynesville assets from SWEPI, LP and Shell Gulf Of Mexico, Inc. for $1.2 billion on August 14, 2014. In a related transaction, Royal Dutch Shell plc, the parent company of SWEPI, LP and Shell Gulf Of Mexico, Inc., will acquire 155,000 net acres in the Marcellus and Utica Shale areas in Pennsylvania and receive a cash payment of $0.925 billion from Ultra Petroleum in exchange for certain assets located in Wyoming. The transaction is subject to customary closing conditions and regulatory approvals, and is expected to close in the fourth quarter of 2014. Shaun Finnie, Steven Becker, Matt Loreman, Jerry Smith, Briklynd Briggs, Patrick O'Shea, Christoph Schmidt and Brian McClain of Evercore Partners Inc. acted as financial advisors and Andy Calder, Anthony Speier, Bill Benitez, Will Bos, David Castro and Jay Ptashek of Kirkland & Ellis LLP acted as legal advisors to Vine and Blackstone.
Associated Companies:	Shell Gulf Of Mexico Inc., SWEPI LP, Vine Oil & Gas LP, Haynesville Assets

S&P Capital IQ Template

Permalink Reply by Anthont Jones on January 6, 2015 at 17:53

Vine Oil is requesting to drill two additional units to extract more gas. Plans would be to keep drilling for more gas.

Permalink Reply by olddog573 on January 13, 2015 at 13:37

Where are they wanting to drill Anthont?  Did you receive a notice?

Permalink Reply by olddog573 on January 19, 2015 at 12:46

Ok so I found the application for the additional units.