Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 6, 2018 at 6:09

Last Friday, August 31, the rig had been drilling eight days and was at 5,838'.  Now six days later, excepting mechanical problems, this well should have reached Total Depth (TD) and it is likely that the rig is gone or in the process of moving off location.

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Permalink Reply by Lisa Melder-Johnson on September 6, 2018 at 6:38

I am only a little over a mile from this location, but the site is off the road a bit & in a heavily wooded area.   I haven't been in that area for over a week & I am not in an area to see activity in and out.  Only passed rig when it came in & then signs directing to location & passed several trucks with trailers, heavy equipment & a lot of bags of something.   The driller is out of the Ferriday, LA area which is towards Monroe, LA.  So a lot of the items would be brought in a different way than me.

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Permalink Reply by Rock Man on September 6, 2018 at 7:09

Bags were probably drilling mud additives and materials.

One thing to watch out for is when rig sign disappears from road entrance indicating rig is off location.

Hoping others in your area may be reading this and making comments as to observations.

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Permalink Reply by Skip Peel - Mineral Consultant on September 7, 2018 at 14:58

D&D Drilling rig #5 reports @ TD, 9/7.

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Permalink Reply by Lisa Melder-Johnson on September 10, 2018 at 13:31

All Rig signs are still in place, but no up dates on SONRIS.

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Permalink Reply by Rock Man on September 10, 2018 at 13:38

Is the sign update as of today? Any observable vehicle traffic?

Could be doing one of two things - rig there as they log, take cores, evaluate well for possible casing decision.

OR

Rig still there as they are plugging well and rigging down equipment.

Next few days of activity will dictate what results were here IMO

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Permalink Reply by Skip Peel - Mineral Consultant on September 10, 2018 at 13:49

SONRIS is always a week or two behind the actual well status.  The state relies on the operator's reports and then has to process and upload the drilling status to the database.  Never look to SONRIS for timely updates on drilling activity.  If you want to be up to date on a weekly basis, subscribe to a weekly rig report.

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Permalink Reply by Lisa Melder-Johnson on September 10, 2018 at 14:02

BLM has this well updated on 8/15/18 with Formation as ALL with 86.66% BLM land & 13.34% private land with BLM lease extended to 6/28/19,

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Permalink Reply by Lisa Melder-Johnson on September 10, 2018 at 15:08

This well is very close to me but I can't tell anything about the site or traffic coming to & from it.   Can only see entrance road they built, not the rig or site.   Off the road a bit & in a wooded area.  Wonder if someone else is backing Magnum.

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Permalink Reply by Lisa Melder-Johnson on September 14, 2018 at 5:00

Plug & Abandoned per Sonris 9/10/18,   Just as predicted.

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Permalink Reply by Lisa Melder-Johnson on September 15, 2018 at 4:57

Got to be more than meets the eye here.   Throwing away money on a rig to extend a lease for a year on 33,000 acres?

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Permalink Reply by Skip Peel - Mineral Consultant on September 15, 2018 at 5:28

No, not necessarily.  This is a not an uncommon occurrence.  What do you think a lease on 33,000 acres is potentially worth?  What do you think it cost to drill the well?  Here's my estimate:  33,000 acres valued at $4K per = $132,000,000.  The cost of a well to hold the lease rights - < $1,000,000. 

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