Replies to This Discussion

Permalink Reply by RJ on June 30, 2008 at 3:21

16.8 MCF?? IS that corrrect?? IS that not Huge or is it just because its new and will fall off.

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Oil & Gas ProPermalink Reply by Warren on June 30, 2008 at 3:29

ALL wells will decline with time, but 16.8 MMCFD and 5600 psi is pretty darn good.

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landownerPermalink Reply by lanadan Ds3 on June 30, 2008 at 3:29

Yes this is HUGE as in bigger lease bonuses!!! This is what easyrider from Investorvillage said:
"16.8 mmcfe/day is five times what the really good Barnett wells IP (initial production) for. This confirms the 10 to 20 mmcfe/day numbers that have been floating around for these wells since March. CHK and HK will soar on this news!!!!!!! "

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landownerPermalink Reply by insomniacnla on June 30, 2008 at 3:39

If I use $10.00 per MCF, would this be $168,000 per day or do I have too many zeros behind it?

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Permalink Reply by RJ on June 30, 2008 at 6:33

I hope EVERYONE who is working a lease deal GETS THIS NEWS. IT WOULD HAVE TO DRIVE UP LEASE DEALS.

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Oil & Gas ProPermalink Reply by Randy on June 30, 2008 at 15:59

Also factor in the cost of Barnett Shale wells...much lower...

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landownerPermalink Reply by lanadan Ds3 on June 30, 2008 at 17:27

Pretty good article on Haynesville Shale:
From the American Association of Petroleum Geologists, Explorer Magazine, July 2008 edition

http://www.aapg.org/explorer/2008/07jul/haynesville.cfm

One excerpt: “Those (Chesapeake) wells are making a lot of gas, and one of the main things that separates this stuff from the Barnett is there’s no huge decline in production,” Sepulvado said. “After a big Barnett frac, they fall off quick, but these don’t fall back – they’re choked back and could be doing even better.

“The only question now is in the Barnett they’re getting about 20 percent recovery,” Sepulvado said, “and this is looking like more toward 30 percent.

“You have a much thicker interval than the Barnett, and some of the values are better, like porosity and TOC,” he noted. “It’s a lot deeper (in the range of 11,000 to 12,000 feet), thicker and better parameters than the Barnett.”

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landownerPermalink Reply by Cathaus on June 30, 2008 at 3:50

Now I know why PetroHawk is back in the mineral leasing business!

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Permalink Reply by Shaq on June 30, 2008 at 4:22

At current spot of $13.3, I calculate it out at $223,440 per day. Do I have that right?

Let's go farther and assume 6 wells per section (~107 acre spacing) and you get $1.34 million/day/section. That comes out to $335,160 for the landowner (assuming 25% royalties.)

We can dream, can't we? LOL

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Permalink Reply by BeatBama on June 30, 2008 at 4:23

I think you are payed for wellhead prices?

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landownerPermalink Reply by RAY on June 30, 2008 at 4:37

I just pluged those figures into the$royalty calculator$ posted on this website......the anwer will blow you mind

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landownerPermalink Reply by RAY on June 30, 2008 at 4:48

did you notice the headline for this article on Petrohawk homepage

"HISTORICAL NEWS"

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