Replies to This Discussion

Permalink Reply by George James on August 5, 2009 at 8:22

Bud - Thanks for the update. Any news on the Phillips Foundation 3-H in 3-16N-16W?

Permalink Reply by George James on September 25, 2009 at 7:45

Anyone have any new news on either of these wells?

Permalink Reply by Bud on September 25, 2009 at 13:32

There has been no official production data published on SONRIS by the State yet. I will try to reach a contact that may know something about the Agurs well.

Permalink Reply by George James on October 12, 2009 at 2:51

Anyone have news on the PBAF 10-H? or the Phillips Foundation 3-H directly north in 16N-16W? Is CHK shutting in the wells due to price? I own a small interest in 10-16N-16W and have not been sent a division order yet.

Permalink Reply by Bud on October 12, 2009 at 5:06

There is nothing new on the SONRIS database on these wells, but I think both are complete. It takes quite awhile before division orders are done sometiomes, even if production has started.

Permalink Reply by JeffNParis on October 15, 2009 at 23:06

Bud,
Once a well is complete, how long does it take to begin to receive royalties?
JNP

Permalink Reply by JeffNParis on October 16, 2009 at 0:09

Thanks ShaleGeo. Are people starting to receive Haynesville checks? It is within the realm of thinking that once wells are completed they will start to flow and make money....or is it possible that the operators will choke them back and wait for prices to rise? I suppose this is all a wild guess depending on market conditions.

Permalink Reply by Skip Peel - Mineral Consultant on October 16, 2009 at 2:47

JNP. A "choked" well is still "flowing to sales" and creating royalty. All HA horizontal wells are choked to some degree not because of the price of nat gas but because of the risk of damage to the formation if they were allowed to flow wide open. They may be choked further than required for price reasons or because of insufficient pipeline capacity. A well not "flowing" is "Shut In".

Permalink Reply by JeffNParis on October 16, 2009 at 2:54

Thanks for adding to my knowledge Skip. I'm just trying to make an educated guess when our first well will start paying out. Any guess as to when they add additional wells to a section?

Permalink Reply by Skip Peel - Mineral Consultant on October 16, 2009 at 3:06

JNP. Leasing will go on sporadically for a number of years as undeveloped "pockets" are cleaned up or step-outs in drilling are made. However, leasing has already ceased to be the wide spread competition for large blocks of leasehold. There are few large, contiguous unleased blocks remaining in the core and those remain for good reasons. The lignite mines south and east of Mansfield being a good example. By year's end, there should be few remaining sections without unit orders remaining in the core. Those will be HBP by existing production other than HA. Of course densely populated urban areas will be some of the last to be developed in this early phase of the Play. Some companies with small leasehold have already drilled a second HA horizontal in a section/unit. Those that have undrilled sections not held by existing production will drill those units before starting on second wells. Once the infrastructure is in place in each unit, companies will drill based on economics. The better the demand/price the more they will drill.

Permalink Reply by JeffNParis on October 16, 2009 at 3:32

As always, thanks Skip for these educational lessons. You're a wealth of knowledge.

Permalink Reply by Lamar Atkins on October 18, 2009 at 6:55

Okay its Oct now any word on Agurs 9? It is completed and gas is flowing anyone know how good this well is? Can land owners expect checks in time for Christmas?

• ‹ Previous
• 1
• 2
• 3
• 4
• Next ›
• Page