Replies to This Discussion

Permalink Reply by Bobi Carr ("parker") on June 27, 2009 at 18:00

7.5 sounded good. 9 - 11 sounds even better.

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Permalink Reply by Spring Branch,mineral owner on June 27, 2009 at 21:43

There will be some of both IMHO...........The 7 and 11.

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Permalink Reply by CB on June 28, 2009 at 3:25

My god, now we have lawyers throwing out EURs. Why not 20 BCFG? Did you notice the decline rates-15MMCFGPD to 3MMCFGPD in 4 months. You people are living in fantasy land, and so are the companys that are predicting these EURs

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Permalink Reply by BirdDawg, plain ole' idiot on June 28, 2009 at 4:17

Good to hear from you Mr. Sunshine.

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Permalink Reply by RAY on June 28, 2009 at 4:56

OBAMA was a fairy-tale..

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Permalink Reply by Jon Williamson on June 28, 2009 at 5:00

We aren't in Kansas anymore!

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Permalink Reply by Spring Branch,mineral owner on June 28, 2009 at 5:00

Name the specific well you are referring to, CB.

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Permalink Reply by Spring Branch,mineral owner on June 28, 2009 at 9:06

Jim, I'm not wild about your politics, but I'm all over your natural gas outlook. For anyone who read Jim to say 70-80 B's per well........that is NOT what he said. 70-80 B's per Section is what he said. Still, that would be 8.75 to 10.00 B's per well @ 8 wells per section in those sections where the middle Bossier is prospective. I'm prety happy with $6.00 gas. Anything above that, I'm estatic. I might even pay Obama's taxes without complaining........................much!

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Permalink Reply by w.r. frank on June 28, 2009 at 5:55

CB must be short some HK, CHK, XCO, ECA, STR As we get a little age on the HA Shale, we will get a better handle on GIP and EUR, plus completion techniques will continue to improve. I predict that the better areas in Bossier, RR and Desoto will have GIP in excess of 250 bcf/section and recovery rates will move to 100 bcf (if you don't believe me, check recovery rates in the Barnett which have moved from the 20s to the 40s in the Core). At 8 wells/section, you will get HA EURs of over 12.5 bcf/well. If you don't believe me, listen to the 1Q conference call of XCO and examine the decline curve on its Desoto wells published in its investor presentation

If Jim's prediction of double digit NG prices comes true, there will be a lot of rich people in NW La, plus healthy cash flows for the E&P companies so they can afford the capital cost to develop the HA Shale. The mid-Bossier would be like an ice cream topping!

It seems as if many people on this site want the HA Shale to be a dud and want the E&P companies to fail. This is the biggest economic godsend NW. La. has ever seen. We don't know how the $3.5B in lease bonuses and the $3.5B in drilling expenditures in 2009 and the thousands of jobs created in every sector of our economy have blessed NW. La. compared to the rest of the US.

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Permalink Reply by Spring Branch,mineral owner on June 28, 2009 at 9:09

What is the next verse, Jim?

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Permalink Reply by Spring Branch,mineral owner on June 28, 2009 at 9:08

I don't think CB is from NW Louisiana!

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Permalink Reply by BirdDawg, plain ole' idiot on June 28, 2009 at 17:27

Whoooh, he doesn't need to be breeding.

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