Replies to This Discussion

Permalink Reply by Martin on September 23, 2009 at 14:36

I noticed that they had a pretty impressive learning curve for their well completion times --

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Permalink Reply by Spring Branch,mineral owner on September 24, 2009 at 5:30

W.R., I have a small interest in Moran 34, so I appreciate the info. Do you know what choke size Exco is using when they report their IP's??? I know that Petrohawk normally reports their IP's while on a 24/64 choke.

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Permalink Reply by w.r. frank on September 24, 2009 at 5:58

It wasn't clear, but one person commented that they did not open them up to 30/64 "just for the IP." The impression I got (strictly impression) was that they probably open at 22 to 24 to get the water out, but not the sand. They did say that the production choke size after clean up is strictly driven by pressure readings and that all wells are currently at 20/64. They also said Oden (XCO's first well) was still producing 5 mmcfd at 2,900#.

Congrats on Moran 34. The pressure at 7,950# is excellent.

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Permalink Reply by Spring Branch,mineral owner on September 24, 2009 at 9:54

Thank you, w.r.

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Permalink Reply by Big Daddy, bcnr on September 26, 2009 at 1:21

w.r., thanks for the info. The Means 25 #2 is completed or near completion as gas has been 'turned to sales" acording to Sonris. Any IP info on it yet? Also the Murray 24 #1 hasn't had an update on Sonris for a month or so. Any info?

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Permalink Reply by Spring Branch,mineral owner on October 4, 2009 at 16:58

w.r. frank, I was just curious if you had any new information on the flow test of Exco's Moran 34 well since your previous post???

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Permalink Reply by w.r. frank on October 5, 2009 at 4:26

No.

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Permalink Reply by Les Bamburg on September 24, 2009 at 12:30

SB, the drinks are on you!!!

Congrats!!!!

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Permalink Reply by Skip Peel - Mineral Consultant on September 24, 2009 at 12:38

Good idea, Les. LOL!

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Permalink Reply by Spring Branch,mineral owner on September 24, 2009 at 17:14

I have yet to get to get my first Haynesville Shale royalty check. Many $$$ leaving, hopefully some of them will come back. In the meantime, who wants to loan me a hundred? Ha, Ha!

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Permalink Reply by w.r. frank on September 25, 2009 at 1:34

Look at one of the slides in the XCO presentation. Based on $5 NG, 20 mmcfd IP, the gross cash is $22 MM, so a 20% royalty is $5.4 MM. Just a lttle sliver of the MI or royalty will buy a few drinks at the CUB.

Permalink Reply by Spring Branch,mineral owner on September 25, 2009 at 5:05

Better make that $4.4 million, w.r. (1/5 of 22). I'm figuring a little differently than XCO. I'm guessing that a 20 million IP well probably has an EUR of at least 8 (eight) Billion. That makes the gross cash $40 million @ $5 gas, 1/5 of which is $8million. 5 mineral acres would still buy a few drinks @ the CUB, if I still drank! Not hard to tell that w.r. is from Shreveport!

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