Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on April 27, 2009 at 13:06

Buck. I track all the HA unit applications in the entire play. At least those townships with the shale. Obviously I can't answer specific questions on a township basis off the top of my head. On a section basis, it's a little more doable.

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Permalink Reply by Rockyford on April 27, 2009 at 13:43

Skip I've heard rumors about this area S35-T14N-R15W Desoto Parish being included in a forced pool by Petrohawk can you clarify ?

Thanks, Rock

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Permalink Reply by Skip Peel - Mineral Consultant on April 27, 2009 at 13:49

Rock. No Petrohawk application to form a drilling and production unit in this section has appeared on the public hearing schedule. Since this section does not have a unit order, it is possible that Petrohawk has sent a "pre-conference" letter to mineral owners in the section and those within 1000'. If that is the case, please see if you can get a copy of the letter and plat to upload to the site.

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Permalink Reply by b on April 27, 2009 at 14:00

Very curious as to 16N-13W and 16N-12W. Is it all those are HBP with LCV wells?

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Permalink Reply by Skip Peel - Mineral Consultant on April 27, 2009 at 14:29

b. J-W Operating has 9 of the 14 unit HA orders in the 2 townships. I would expect those were legacy areas. Acquired prior to the HS play for Hoss and/or CV development. The Elm Grove Field had a significant amount of CV development before the HS came on the scene. And operators with leasehold there lucked into the HS play without having to pay sky high bonuses. J-W has been less than successful in drilling HA horizontal wells. They are the butt of many industry jokes.

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Permalink Reply by W P on April 28, 2009 at 3:40

Skip,

Have you heard anything about sections 1,3 T11N R12 W, I am not sure I am reading the chart right. I have realatives that have land in that area although I am not sure I am right about the section #s

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Permalink Reply by Skip Peel - Mineral Consultant on April 28, 2009 at 3:46

Sections 1 & 3 are currently not included in a HA drilling & production unit order or application. In Township 11N - 12W, Sections 4-6 - EOG, 7 & 9 - Chesapeake and 10,14-23,25,28-33 - SWEPI.

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Permalink Reply by W P on April 28, 2009 at 4:02

Thankyou, Skip it seems like they are in the area so that is a good sign.

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Permalink Reply by RC on April 28, 2009 at 10:50

Hello WP

I own land in S 2 and S 11of T11N R12W. Encana is drilling along Grove Hill Road in S10 and S15. We were contacted recently concerning a 12 - 16 inch pipeline that is proposed to run along that road by a company for Chesapeake. Seismic work is also being executed soon. At these prices, I am willing to wait for the drilling companies to perfect their techniques. I have heard that Chesapeake leased much of the Timberstar land in our area. Who did you lease to? Good Luck RC

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Permalink Reply by b on April 28, 2009 at 7:50

Between Camterra and JW, certain sections are locked up unfortunately it seems. Questar is making a push which is very good. My thinking (hope) would be some of these smaller companies's assetts will be "acquired" at some poiint. Encana also has some land-keeping our fingers crossed but at these prices-waiting wouldn't be bad.

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Permalink Reply by Skip Peel - Mineral Consultant on April 28, 2009 at 8:05

b. I think it likely that Camterra and J-W would be in the market for an experienced JV partner. I suspect their asking price was a little high last year. The longer the ng price depression continues, the better the chance a deal may get done. It sure would help if the credit market would thaw.

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Permalink Reply by b on April 28, 2009 at 8:13

Yep. RIght in the middle of the "sweet spot". Curious to see what the Questar wells do. thanks

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