Replies to This Discussion

Permalink Reply by jffree1 on June 30, 2009 at 13:17

I think it's possible that Devon may show up in Sabine before the 4th quarter. That would put most of their leases around a year old give or take a few months. Seems plausible that they will make some sort of move to at least HBP some of that acreage by late this year or early 2010.

Permalink Reply by ALongview on June 30, 2009 at 14:23

Verticals to HBP do you think?

Permalink Reply by jffree1 on June 30, 2009 at 17:11

That's the fastest method. Doesn't mean that's what they'll do, of course. Your guess is as good as mine, LOL.

Permalink Reply by jffree1 on November 24, 2009 at 5:12

The risk is higher and they can't hold as much land with a vertical. But how fast can they go once they get a plan (with all the attendent pieces) in place? There is some infrastructure here... is it not adequate as to volume and pressure?

Permalink Reply by ALongview on November 24, 2009 at 6:19

Just speaking to one lease of probably 300 that Devon alone made since 2008 in Sabine County, there are 4 owners of the family farm in Sabine and to renew the lease in 2011 for 400+ acres would cost them 2.550 million. Seems that bringing in the infrastructure would be a lot cheaper than paying renewals on 300 or so leases. Also, it would seem odd that the 100+ wells they plan to drill in the southern part of the shale would all be able to be near pipelines??? Just my opinion.

Permalink Reply by ALongview on November 24, 2009 at 9:09

Agreed that they need a few of those 30+ mmcf wells to make the operators feel a bit more positive about the risk/reward proposition of drilling and then building infrastructure. That seems to be the case in San Augustine and would probably work the same in Sabine County. I am keeping my fingers crossed for both counties to be strong for many years.

Permalink Reply by jffree1 on November 22, 2009 at 8:18

ALongview, It's six months later now... doesn't look like anything big will happen before 2010 but the next year should be interesting.

Permalink Reply by ALongview on November 22, 2009 at 13:41

Looks like it is inevitable that they are drilling in 2010.

Permalink Reply by ken hatcher on November 23, 2009 at 4:04

If you look west, north, east it is hard to figure the disparity with no. sabine co.

Permalink Reply by jffree1 on November 23, 2009 at 4:12

It's a matter of time... the clock is running on summer '08 leases.

Permalink Reply by j garrett on November 29, 2009 at 3:57

I did a previous post about the "Sabine Island" as shown on Chesapeake maps. I hope this is not what is keeping the Operators away.

Permalink Reply by JWC on November 29, 2009 at 4:06

The Sabine Uplift covers all of San Augustine and Sabine Counties. I think Sabine County will be just as good as SA County....jmo

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