Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on March 14, 2016 at 3:22

You won't be hearing any seismic results because that is proprietary information.  You can infer that the seismic did provide enough positive data for Linn Energy to acquire all of Devon's development rights in this general area.  The CV group looks to be reasonably prospective from the existing wells in the proximity of Section 27 but Linn, like so many other E&P companies, is teetering on the edge of bankruptcy.  If they do go into bankruptcy it will be interesting, and informative, to see what interest other operators may have in acquiring their rights.  The only active operating company in the area is Memorial Resource Development and they have outstanding results from their CV wells to the west in 19N - 4W & 3W.  Section 27 is 5 or 6 miles further east of current development and the CV sands in this area are a conventional reservoir so it's difficult to extrapolate whether your area will have the same petrophysical characteristics as their Terryville Complex rock.  It will take better prices in the future to incentivize further exploration in your area.

• ▶ Reply