Replies to This Discussion

Permalink Reply by Andrew on March 21, 2018 at 1:46

If I had mineral rights prospective for Austin Chalk, there's no company I would rather have operating my AC wells than EOG. They pioneered fracking tight oil at a time when the rest of the industry still thought shales were only prospective for gas. Not only were they a first mover in the Eagleford Shale, their wells there consistently outperform those of any other company I've seen, and their AC well results in Texas speak for themselves.

EOG has only drilled one AC well in LA so far, and it could take a dozen or more wells and hundreds of millions of dollars of investment to figure out the right way to drill the AC in Louisiana (or if it is even a viable play). EOG has the capital and the technical expertise to get it done, I believe we should afford them some patience and see how things progress.

 

Permalink Reply by Joe Aldridge on March 20, 2018 at 15:43

No, evidently it is not the same. The chalk in this area is more like gypsum. 

Permalink Reply by Rock Man on March 20, 2018 at 16:09

Gypsum is a soft sulfate mineral while the AC is a much harder carbonate.

Gypsum is formed in evaporitic environments (e.g. tidal flats) while chalks are normally formed in deep water systems by the continual deposition of organisms that create the "chalk".

Gypsum has a grain density of 2.31 to 2.32 g/ccc while chalk has grain densities in the 2.70 to 2.71 g/cc range.

I have seen a lot of logs in the AC from Mexico to Mississippi and grain densities are consistently in the latter g/cc range.

Permalink Reply by Thomas Maglone on March 21, 2018 at 2:35

Why are the oil company's coming back to an area where they have already drilled wells and stated dry holes.

Permalink Reply by Rock Man on March 21, 2018 at 4:43

Re: Reply to Thomas Maglone comment

The oil patch with areas where earlier operations resulted in "dry holes" . The Eagle Ford trend and Permian Basin as well as the Bakken are prime examples of this.

Reasons are tied mostly to advances in technology (e.g. horizontal drilling, frac stimulation, etc) to get O&G out of the ground. Economics play a big part in this too (i.e. O&G prices)

Permalink Reply by John Matherne on March 20, 2018 at 14:13

Another mudder Joe?

Permalink Reply by Joe Aldridge on March 20, 2018 at 15:44

It looks like it. They probably ran full wt. mud while drilling and mudded up the fractures.

Permalink Reply by Craig Wascom on March 20, 2018 at 15:24

This is why I tell everyone they DON’T want to be one of the first wells. Let them learn on somebody else’s lease.

Permalink Reply by John Lann on March 20, 2018 at 15:04

I had not been looking at any post for a week while changing out computers.  Got back on and did not see any activity, so started thinking I still had a problem.  Anyway, the only thing I can offer, after 8 weeks my family decided to accept a 3 year, $850/ acre & 20% royalty with a 3 year extension @ $1,100 / acre with Cypress / Hunter Explorations.  Our 200 acres is within the area bounded on the south by Dyer Rd and on the north by the Zachary / Deerford Rd and along the Blackwater Road.  Cyress told me Friday they would have the contract ready to sign this coming Friday and they are still lining up other smaller acreage to lease.

John Lann   E B R Parish

March 20th

Permalink Reply by scout6486 on March 21, 2018 at 2:48

John,

Can you explain who you leased with? It sounds like you are dealing with Cypress Energy Corp. (a land broker in BR) who is representing Hunter Exploration. Do you have any details on Hunter Exploration (address, principals, etc.)? Just trying to figure out who the players are.

Permalink Reply by Skip Peel - Mineral Consultant on March 21, 2018 at 2:54

For basic  information on Hunter Exploration, go to the second page of this discussion thread for their state corporate registration.

Permalink Reply by scout6486 on March 21, 2018 at 3:22

Thx Skip. Hunter Exploration (Lafayette) and Cypress Energy Corp (Baton Rouge) are both land brokers which doesn't make any sense as it relates to John's post.

I believe there may be more than one "Hunter" entity (Hunter Exploration, Hunter Energy) involved in this play. I'm trying to figure out if one of them is an E&P and not a broker.

• ‹ Previous
• 1
• …
• 15
• 16
• 17
• 18
• 19
• …
• 59
• Next ›
• Page