Replies to This Discussion

Permalink Reply by jffree1 on August 12, 2024 at 7:26

The original Unit wells were two sets of stacked lateral wells:

Sacagawea #1H & #2HB reporting under ID #293359 for 1H

Sacagawea #3H & #4HB reporting under ID #293338  for 3H 

Both stacks had production reported through March 2024 with zero production after 3/31/2024

Then there are two sets of stacked laterals which are production sharing Allocation wells:

Sacagawea-Meir #1H & #2HB reporting under ID #294301 for 1H

Sacagawea-Meir-Lasalle #1H & #2HB reporting under ID #294361 for 1H

Both stacks had production reported through the end of June 2024

And, lastly, there are two sets of stacked lateral Unit wells which have been drilled but not yet completed, it appears.

Sacagawea #5H & #6HB will be reported under ID #296429

Sacagawea #7H & #8HB will be reported under ID #296519

These last two sets were finished drilling back in Aug-Sep 2023 time frame. However, the permits issued included Non-Perforation Zones (NPZs) because of any of a multitude of reasons RRC allows these things. Usually, it is because of unleased minerals in a wellbore tract or some other infraction that requires giving notice to affected owners. They show an NPZ on the well plat so they can get the well permit and have it drilled without going through the whole process for getting an SWR37 exception approved. Once the well is drilled but before it can be turned to sales they have to go remove the NPZs and apply for the SWR37 exception and have the final as drilled plat approved.

Aethon filed to remove the NPZs from both stacks in February and started the process for the SWR37 Exception which takes a while to complete if there have been any protests received by RRC. The mineral owners noticed here were all out of state, one being a resident in Cornwall, England, and they chose to give notice by publication in the San Augustine Tribune which I'm sure everyone reads, right? The permits were approved on March 8, 2024 so there doesn't appear to be any further legal holdup before completions can commence.

My guess is that the new wells are on the pad with the original unit wells and they are all shut in pending fracking and connecting to the gathering lines. With the current price of gas I suspect that Aethon is not in any great hurry to turn new wells to sales.

It is my best guess that the allocation stacks are located far enough from these new wells that there is no worry about interference so they are still producing.

• ▶ Reply