Replies to This Discussion

Permalink Reply by The_Baron on September 30, 2009 at 9:41

Complicates production.

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Permalink Reply by Les Bamburg on September 30, 2009 at 10:03

Baron, I do not really see condensate production being a major issue. Other shale gas formations (Cana, Barnett, Eagle Ford & Marcellus) have areas that produce significant condensate yields without that being a problem.

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Permalink Reply by Mattie on September 30, 2009 at 13:06

Any word on activity on Pines Rd. north of I-20, but south of Cross Lake? I beleive that a well was drilling last month in this immediate area, but no word on progress.

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Permalink Reply by The_Baron on October 1, 2009 at 6:28

The operators that have these wells consider it a complication.

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Permalink Reply by Andy Smith on October 4, 2009 at 16:04

I'm just shocked to hear this. most people love the condensate that comes with gas wells.... I would think the condensate would be worth it with the premium price that it brings... thats also why I would rather have some Eagleford shale in Texas that spits out about 6 million a day & a couple hundred bbls condensate per day... more diversified portfolio.. just my opinion

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Permalink Reply by The_Baron on October 5, 2009 at 7:14

The condensate is valuable, although lately is is priced slightly lower than crude. But it complicates production.

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Permalink Reply by Terry L. Antee on October 1, 2009 at 11:04

Les the Eagle Ford and the Bakken produce condensate from sands or limes within the shale and this is not a problem. Usually in a shale where you get condensate it is not mature (cooked enough) and effects the EUR eastimated ultimate recovery. Also gas moves better than water and water moves better than most oils thru tite rock.

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Permalink Reply by The_Baron on October 19, 2009 at 3:52

I would't be suprised. A few barrels of salt water in Cross lake could take a whole company down.

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Permalink Reply by Aubrey C. Sanders, Jr. on October 2, 2009 at 14:43

I think those of us who have land near stateline may as well forget about Haynesville shale for a long time. There is pretty fair activity for Cotton Valley, Smackover, and Haynesville sand In Haynesville, East Haynesville and North Shongaloo-Red Rock fields. XTO recently built location for one well which I have interest in and they have permitted it. They also staked one on my place last week and already had 2 others staked. These are all in Smackover formation. I expect increased activity in same area in Haynesville. sand. XTO has been considering horizontal drilling in Smackover. When they do I expect very high production rates. Especially since typical verical smackover well probably will produce 500 BOPD and at least 1,000,000 CFD gas.

For reference my land is in sections 11 and 12, T23N, R9W

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Permalink Reply by Shanshan on October 6, 2009 at 6:32

I would like to ask a slightly different question and soliciate input to help educate me. What if one does not accept an offer to lease their property and waits instead to be force pooled? Does this mean that after the company recovers the well costs that you, the land owner gets your pro rata share depending on your acerage divided by the total acreage in the unit, of the gross proceeds resulting from the sale of the gas?

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Permalink Reply by Henry on October 6, 2009 at 7:25

Shanshan,
I think that's about right. There are numerous discussions on this site regarding this exact topic. There are also blogs devoted to telling the unleased mineral owner exactly what to do to notify the driller about being unleased, and asking for a statement of the well costs, etc. Search on this site, and you'll find a lot.

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Permalink Reply by Shanshan on March 3, 2010 at 6:32

This was not from me.
ShanShan

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