Replies to This Discussion

Permalink Reply by Les Bamburg on March 24, 2009 at 3:28

Jay, I have been waiting for those guys to show up. They inherited a good acreage position in the Logansport area from the Amoco or Vastar merger.

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Permalink Reply by Skip Peel - Mineral Consultant on March 24, 2009 at 3:35

Jay. This play could use a gorilla or two about now. Thanks for the heads up. Les. Any idea why BP has waited until now?

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Permalink Reply by Les Bamburg on March 24, 2009 at 4:14

Skip, I would bet their acreage is HBP so no need to be in a rush. Plus they are having to spend a lot of their capital in the US on their commitment to Chesapeake under the Fayetteville Shale deal and they bought the big position last year in the Woodford Shale. Finally with the Tangguh LNG project coming on line this year that will let them shift more capital $$$ to the US.

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Permalink Reply by Skip Peel - Mineral Consultant on March 24, 2009 at 4:27

Les. I agree on the probability of BP's leasehold being HBP. However, even with no intent to fully develop prior to now, I would have expected a test well. Then again, a good reason for remaining out of the public eye could be the acquisition of additional leasehold through a third party.

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Permalink Reply by Jay Murrell on March 24, 2009 at 8:46

Hi Skip, Spider is my back yard. BP is the successor to leases that have been HBP since the late 70's (and before). Hosston and Pettit production. St Mary also has a position in Spider/Grand Cane. Continental Resources (Oklahoma) has several 100 acres down there too.

Jay Murrell

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Permalink Reply by Skip Peel - Mineral Consultant on March 24, 2009 at 8:54

Jay M. Any idea of the extent of BP's legacy leasehold in the Spider Field? And are you aware of any current leasing by BP in the area?

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Permalink Reply by Jay Murrell on March 24, 2009 at 9:02

Skip, There are no leases to be had. Between BP, St Mary, and Continental everything is buttoned up. There might be some open acreage on the S fringe of Spider outside of the Hosston production, but that will be pretty picked over and if its not leased the title is a go-de-bow goat deal (a little Okie lingo there)

Jay M

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Permalink Reply by Skip Peel - Mineral Consultant on March 24, 2009 at 9:08

Thanks. I wouldn't touch that goat and Okie line with a ten foot pole.

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Permalink Reply by Jay Murrell on March 24, 2009 at 9:12

you must know what they do to the goats (>>:->

Permalink Reply by Ms.Dragonslaya on March 24, 2009 at 15:19

Does anyone have the sonris link to check on the wells, drilling, producing, etc.

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Permalink Reply by Jack Blake on March 29, 2009 at 4:26

aaaaaaaaaaaaa

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Permalink Reply by Connell on March 24, 2009 at 15:48

there are gazillons of wells around Center which is very close to Logansport...sorry meant this for Les B above about the Logansport property...i was in on a lot of fracing in that area especially the road between Center and Nacd...CR1210

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