Olympia Fields

   

Howdy All, 

I have an interest in the Olympia Fields unit.  We are still waiting on production numbers from the original well and now see that a second well is being permitted.  I just wanted to see if anybody had any intel on production numbers for the original well.

Any information would be greatly appreciated.  We are not hearing anything yet from Pine Wave.  

Olympia%20II%20Plat.pdf

The plat for the second well is attached.  I would appreciate any input on what to expect going forward.  For example, the proposed well diagram in the upper left corner....do I interpret that as plans for additional wells?  Is it unusual to drill this close and this soon to a newly producing well?  Can I assume the production numbers are good on the original based on the new drill?  

ALso, is it unusual to expand the unit to include other parties for the second well that weren't included on the first?

I would appreciate any information or observations.  Thanks in advance! 

Views: 46

Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on Thursday

JR, drilling units in Texas get adjusted in size and shape fairly regularly.  It makes it difficult to predict slots for future wells.  Only when you review the surrounding units can you determine that a unit's boundary is locked in.  I'll leave the remainder of your questions to members better able to answer them.  Thanks for posting in the San Augustine Group.

Permalink Reply by Rock Man on Thursday

8600' lateral was frac'd in mid to late June. Big frac (3600# proppant per foot.

Frac was completed 6/29 so no early flowback information on Tx RRC

Starting in Sept, one may see some production posted for July 2025 in the "Pending" category on Tx RRC site

Permalink Reply by Rock Man on Friday

2nd wells on units are common if there is sufficient room to drill without negatively impact the first well (i.e. frac'ing into that well).

But no urgency to drill a 2nd well due to the fact that the unit is HBP 

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