Replies to This Discussion

Permalink Reply by Craig Wascom on June 25, 2019 at 9:16

Does anyone have an opinion on which if any of these maps might be close to accurate?

Permalink Reply by Rock Man on June 25, 2019 at 10:23

I will post that the final 3D outline will be different from all of these outlines we have seen so far  

Permalink Reply by Hydrocarbonite on June 25, 2019 at 12:08

spoke to contracting group in Texas today and asked about discrepancy in acreage as posted in maps.   Reply was absolute that area and acreage was decreased from 1766 to 578 sq, miles.  CGG and Fairfield Geotechnologies are the 2 players involved and no confirmation on the major players or operators involved on financing the 3D shoot.  

Permalink Reply by Rock Man on June 25, 2019 at 10:17

$35 MM is a lot of money to de risk and optimize lateral locations.

Basically the cost of 3-4 wells.

A good use of capital if it leads to drilling less risky wells that avoid faults and can stay in the best target zones.

A good example of this is in the Eagle Ford trend - very expensive 3D seismic but when you are looking at 5 to 10 laterals per section (or 2 sections), easy to justify the costs.

Permalink Reply by Rock Man on June 25, 2019 at 10:20

I highly doubt that this I an effort to miss inform on purpose.

"Outlines" can vary depending on the actual factor each outline is addressing.

Is the outline that of the full fold 3D seismic coverage? Or is it the outline of the actual footprint of all the 3D sensors? Or one of many other options?

Note that the actual outline (and gaps in the data coverage) will change over time as surface permitting efforts are completed (or not completed).

Permalink Reply by Lisa Melder-Johnson on June 25, 2019 at 14:48

It will be interesting to see how this all pans out over time.   Looks like at least Spring 2020 before all almost complete.

Permalink Reply by Rock Man on June 25, 2019 at 15:42

Permitting process is the big unknown now - how long will it take to get permits from all the surface owners - many of whom will have "restrictions" tied to water wells, buildings, trees, etc.

And how many will just not sign a permit???

Permalink Reply by CenturyMan on June 26, 2019 at 12:51

FYI - permitting has been underway for about a year now.  I signed last August. 1 of the 2 parcels I’m associated with; had a permit for 1 year expiring 8/21.  I recently received a request to extend that permit through 12/31/20.  The 2nd tract’s permit extends through early 2020 so no request to extend yet.  In their correspondence; they stated that their recording crews would be on site late October this year.

Permalink Reply by Hydrocarbonite on June 26, 2019 at 13:06

Thx CM,  always good to hear sound concrete facts on the here and now of the developing play!!

Permalink Reply by Lisa Melder-Johnson on June 26, 2019 at 16:21

Thanks CM for keeping all of us landowners well informed!

Permalink Reply by Thomas LaSalle on June 25, 2019 at 6:05

May have missed comments on this, but was wondering what the issues are with COP's-Soterra well as 6/10 and 6/17 reports show 'no drilling activity; temporarily suspended.

thanks-

Permalink Reply by John Matherne on June 25, 2019 at 6:09

There was a worker killed on the drill site.

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