encana rigs

I was told yesterday that Encana will be moving two rigs to the Pleasant Hill Belmont area to drill test wells. Source said Encana wants to validate information that Shell supplied. The source would not elaborate any further. The source is in the industry and is considered to be reliable.

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Replies to This Discussion

Permalink Reply by Gambler on July 28, 2009 at 13:46
Has anybody heard anything about these rigs? Have they started to move them in or done anything yet?

landownerPermalink Reply by Lee on July 29, 2009 at 15:19
SONRIS indicates that the Sistrunk well (239983) in Section 3 in 9/12 spud on July 20.
Permalink Reply by Gambler on July 29, 2009 at 15:32
Thanks, I am really interested in 239985 in sec4-T9n-R11w. That one is in my unit.
Permalink Reply by Gambler on July 29, 2009 at 15:33
Oh yea could you tell me what spud means?
Permalink Reply by RR on July 29, 2009 at 15:42
The initial entry of the drill bit into the earth.
Permalink Reply by Gambler on July 29, 2009 at 15:44
Cool,Thanks

Oil & Gas ProPermalink Reply by Les Bamburg on July 29, 2009 at 16:27
Gambler, you can always check here for information also:

http://haynesvilleshale.ning.com/group/drillingriglocations/forum/t...
Permalink Reply by Gambler on July 29, 2009 at 16:38
Thanks,I was trying to find out if they had moved a rig onto s4-t9n-r11w,but havent seen any new info on it yet.
Permalink Reply by olddog573 on July 30, 2009 at 0:33
Gambler,

I'm expecting good results from these wells in Northern Sabine around the Pleasant Hill area. For years people have made alot of money from shallow wells in this area. Most notably the Browns and Johnsons. TMR exploration drilled a couple of them and I think Exxon drilled a couple of the Johnson wells. TMR had more planned until the old men in Washington sunk the economy.
Permalink Reply by Gambler on July 30, 2009 at 4:32
I hope they are good wells. I just dont understand how much money someone would get out of a well. I have played with that royalty calculator but the numbers it comes up with seem way to high for just one well.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on July 30, 2009 at 4:41
Gambler. Most royalty calculators do not give an accurate estimate of HS production because of the decline rate. I haven't looked in a while but with so much shale gas exploration, there should be an on-line calculator that allows the input of an additional variable for decline. I believe the calculators that I have used over state royalty income because they have much slower decline rates built into their formula.

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