Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on June 18, 2015 at 2:59

There are no rigs drilling or assigned in any TMS county or parish.  In fact there is not a single rig drilling or assigned in the entire state of MS as of last Friday.

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Permalink Reply by Joe Aldridge on June 18, 2015 at 6:26

Nice to see you back Jay. With the WTI hanging around $60 that puts the LLS in the area of $70. I think we are close to the point of seeing some activity restart. If you look at the Amite County post from last week there is leasing restarting. I think that is a pretty good sign things are looking better for the area.

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Permalink Reply by russell reeves on June 22, 2015 at 2:56

They cut across to I55 and went North

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Permalink Reply by Joe Aldridge on June 18, 2015 at 6:21

I was hoping someone on the ground would be aware of a site being prepared. A lot of site material is trucking North up Hwy 61 from Baton Rouge. I saw one load on I-10 Monday, 2 loads on 61 between Port Hudson and BR Tuesday, another 2 loads Wednesday and 1 load yesterday. There could be more. I had something else to take care of and could not follow the trucks. Each load had 30+ of the plastic site pads on the float. Just hoping some of our scouts on GHS knew where this is going.

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Permalink Reply by Skip Peel - Mineral Consultant on June 18, 2015 at 6:34

There are TMS completions ops ongoing but no sign of renewed drilling.  The LLS premium to WTI is currently $3.40, not $10.  Yesterday the spot price was $59.89 for WTI and $63.29 for LLS.  A long way from the $80 threshold mentioned by Jay.

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Permalink Reply by Frankie D Elder on June 19, 2015 at 0:16

Does anyone know if they have started completion work on the Kinchen58H#1 yet?

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Permalink Reply by Skip Peel - Mineral Consultant on June 19, 2015 at 1:56

I haven't heard anything regarding the TMS RA SUA;KINCHEN 58H #1 in a while.  I have it's status listed as Waiting On Completion.

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Permalink Reply by Frankie D Elder on June 19, 2015 at 2:50

Thanks that is what I saw also just thought they may not be reporting.......

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Permalink Reply by Skip Peel - Mineral Consultant on June 19, 2015 at 2:58

We may have to wait until GDP makes it's corporate presentations on second quarter financials and operations in late July or early August to learn details.  They have 6 wells drilled but not completed, or at least not announced complete.  I think when they complete one they will complete multiple wells, if not all.

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Permalink Reply by Frankie D Elder on June 19, 2015 at 5:44

Thanks Skip you have been very helpful hope to meet you some day

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Permalink Reply by Skip Peel - Mineral Consultant on June 19, 2015 at 6:02

You're welcome, Frankie.  I think it is possibly the right time to start a new discussion about the future of the TMS Play.

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Permalink Reply by 1420sjqe1ks6r on June 19, 2015 at 12:43

Plastic is also used in sandbaging expensive homes along the R. River

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