Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 8, 2009 at 3:13

WHuguet. I don't believe anyone is suggesting that the activity in the Missionary Lake North Field is related to the Haynesville Shale. I am certainly not. But the FACT is that there are approximately 10,000 acres leased in the northern townships of Caddo Parish to ETOCO and Devon. Those who leased early to ETOCO were told by the landmen that Devon was involved. ETOCO ceased leasing in their name late last summer and 6 to 8 weeks later Devon began recording leases in the same area that ETOCO had focused on. This is not speculation. It is public record.

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Permalink Reply by WHuguet on July 8, 2009 at 3:21

SP,

Well there is an alternate explanation when a small company stops leasing a relatively small area after drilling a first well, and then another large company starts leasing thousands of acres in the same general area. Still, I guess it is somewhat interesting information, and possibly not entirely coincidental.

Nonetheless, if oil stays high, the Cotton Valley / Smackover oil play may attract some attention - those bpd can add up and tend to have a slow decline rate.

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Permalink Reply by Skip Peel - Mineral Consultant on July 8, 2009 at 3:30

WH. The ETOCO wells may be producing from the CV but they provide some good information concerning other deep formations. North Caddo Parish has had very few deep wells drilled in the modern age of logging expertise. There could be numerous sand plays possible in this area. Even the Haynesville Sand. It makes some good wells across the river into Bossier, Webster and Claiborne parishes. And I pay attention when I know Devon is involved. Many in our area and on this site do not know much about Devon. And they like it that way.

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Permalink Reply by Checkmateking on July 8, 2009 at 3:49

You are right, skip, there have been very few deeps wells drilled in 21-22N in Caddo Parish.

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Permalink Reply by Skip Peel - Mineral Consultant on July 8, 2009 at 4:19

CMK. Considering the long history of hydrocarbon production associated with that particular area, it's somewhat of a puzzle why there have not been more deep test wells in the northern fields. The fact that so much of the area is HBP should make it more attractive to a major or mid-major for potential acquisition. I believe it was that Sage of GHS (Les B.) who first pointed out that the exploration associated with the shale will reveal many other productive zones/areas. And lead to their production. Productive zones "behind the pipe" will be in production far, far into the future. And will generate billions of dollars in royalty.

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Permalink Reply by Checkmateking on July 8, 2009 at 4:26

It is puzzling, I guess it's sort of stuck between the state-line trend and the more prolific cotton valley play's to the south.

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Permalink Reply by Cottontop on July 10, 2009 at 16:07

You have got to go through a security checkpoint to get into this wellsite. Keeping it a top secret.

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Permalink Reply by The_Baron on July 14, 2009 at 5:36

Not so fast, I have seen people show up on location claiming to be a partner in the well and wanting to see the mudlog or samples. But I agree, the main reason is to keep out the potential lawsuits.

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Permalink Reply by Cottontop on July 25, 2009 at 4:40

Unfortunately, I understand this is a dry hole and they have pulled landman crews out of several courthouses in surrounding areas and shut down several projects as a result.

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Permalink Reply by Checkmateking on July 25, 2009 at 6:50

Being that the Smackover is very lenticular I don't see why one dry well on one location would warrant such a pullout, now where is my crystal ball, lol.

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Permalink Reply by Cottontop on July 26, 2009 at 16:54

Don't know either, unless they are regrouping. But it happened. Got friends on 2 of the other crews and they told me about the one pulling out of Lafayette County, AR. Strange, but I do not know the details, just going by what I was told. Maybe it just was not what they were looking for.

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