Replies to This Discussion

Permalink Reply by ken lunsford on January 15, 2015 at 6:43

DSCC #1 has brought a new community into the picture that are hoping for future financial gains that have never before benefited from the Gene Buckle wells. So, my questions are all in an effort to determine the potential financial impact of issues related to DSCC #1.

Permalink Reply by ken lunsford on January 15, 2015 at 6:52

Fantastic Skip. I can already tell that the link you sent me will be very helpful. Thank you.

Permalink Reply by DellP on January 15, 2015 at 10:43

   I suggest that you friend and then message Dion Warr who is the landman handling our leases for the oil company.  He'll be able to give you verification, relative numbers; and a pretty good idea regarding totals. There's also a royalty calculator link at the top right corner of this website.  
Best
DP   

Permalink Reply by ken lunsford on January 16, 2015 at 10:37

Thanks again.

Permalink Reply by DellP on January 17, 2015 at 5:16

What I did was use the latest production numbers from the state's well page in the "scout Info" section which are just test numbers (gas and then condensate oil) @ the discount wellhead price. Gets interesting when you figure your percentage, the 25% avg, and then figure their portion.   

2.373 MMCFD (Daily Gas)
192 BCPD (Daily Condensate Oil)

Permalink Reply by ken lunsford on January 29, 2015 at 4:04

I see that they finally updated the Scouting Report with some production numbers for October.

Permalink Reply by DellP on January 29, 2015 at 19:24

Thanks Ken.  They were still adding perforations and stimulation at that time; so my thinking is that these numbers are likely short of potential.  Things settled down in the very last week of November. My thinking is that OPEC may soon be history (finished). 

Permalink Reply by ME on May 29, 2015 at 6:23

  Any info on why production went from 6000 BBL monthly to zero since February? My neighbors went to the last meeting (that we got no notice of) and were told that the well is non productive, but I'm wondering if the oil crash caused a shut-in?  Would appreciate any relative info.
Thanks  

Permalink Reply by Skip Peel - Mineral Consultant on May 29, 2015 at 12:35

If Hilcorp has given up on the well there is no report in the database at this time to indicate a plan to plug & abandon.  And no shut-in as far as I can find.   You can't fault Hilcorp - as of 10/20/14 they had spent $25,095,482.00 on the well.  That's a reminder that there is a lot of risk in what the industry does on a daily basis. 

Permalink Reply by ME on May 29, 2015 at 13:21

Thanks Skip.  Current breakdown is problem with the casing and production string. You're familiar with the territory:  If you don't mind, on 6K BBL + 60K MCF cash flow monthly; any hunch on what's in store for this issue?  

Permalink Reply by Skip Peel - Mineral Consultant on May 29, 2015 at 13:30

The rumor of casing and production string problems could be true to some extent  however the three successive completions over about 5 weeks would not appear to be associated with mechanical problems.  The zero under Well Ctn (count) in the LUW Production portion of the well file is a concern. 

Permalink Reply by ME on June 2, 2015 at 6:56

From someone's notes at the meeting: "Production tubing blew through the casing." Looks like they've restarted the DavidsonBuckle#2 (SUF) Well to hold non-Pugh lease; with only 28 mcf for March (on it's last leg).   

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