3-D Geophysical Survey in Lincoln/Jackson Parishes

I have 20 acres in 17N-1W-18 located on the border between Lincoln and Jackson Parishes. The land was just leased in early 2015. Now I received a letter from Seitel requesting to do a 3-D geophysical survey during 2016. Appears to be a good sign of possible drilling activities. I assume this will depend on the price of gas/oil in the near term.

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Permalink Reply by Skip Peel - Mineral Consultant on February 4, 2016 at 6:13

It is a logical follow up to the leasing.  What it will reveal is unknown but considering the current price of natural gas and Natural Gas Liquids (NGLs) and the term of the leases this is a reasonable interim step before putting together a drilling plan. I wouldn't expect MRD to drill any wells east or south of 18N-3W in 2016 but maybe in 2017.

Permalink Reply by KIM CASWELL on February 4, 2016 at 6:18
When my property was surveyed I only allowed cables no blasting.
Permalink Reply by L Faber on February 11, 2016 at 3:14
We got a letter also, our land is north of Hwy 80 and west of Ruston. We have leased our land there for 30+ years but never received a request to survey.
Permalink Reply by Skip Peel - Mineral Consultant on February 11, 2016 at 3:21

L Faber, that's interesting because your land (west of Ruston) is quite a long way from J. Watson's in 18-17N-1W.  Was your letter also from Seitel Data?

Permalink Reply by J Watson on February 11, 2016 at 3:34
According to the plan, a total of approximately 89 sq miles will be surveyed. It appears to be mostly west of Ruston.
Permalink Reply by J Watson on February 11, 2016 at 3:36
I erred in the location, it is actually 17N-2W-18.
Permalink Reply by Skip Peel - Mineral Consultant on February 11, 2016 at 3:42

Thanks for the correction.  The general locations and size of shoot makes sense.  Probable cost less than $7M.

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