"Bonanza Creek must have seen something promising in the Phelps #B-4 well, as they are now drilling the Phelps #A-1 well in the same section, about 4000 ft east of the B-4 location. The A-1 is permitted to 10000 ft and was spudded 2/18/15 by Reliance…"
"New wells are drilling at 26 days in LA portion of the TMS, but GDP is only drilling 5,000 ft. laterals in that area. Also on yesterdays conference call, GDP hinted that in the end they will only keep around 150,000 net acres.
"I have been following the process of this well since it was drilled back in 2010. I get the Quarterly and stay up to date on its progress. By my calculations it reached payout the middle of last August. The payout department is…"
"Much ado about nothing. Don't plan on anything happening until prices increase dramatically. And I suspect that won't be in my lifetime (I'm 65 for a reference point). Southwestern has been spectacularly unsuccessful in every…"
"you do not have to wait until payout, to see the numbers and track the well to payout;
you should be getting the same monthly payout statements that they use themselves to calculate payout, drilling costs recoup and such and same method they…"
"The Bossier section is located above the Haynesville interval with "x" of separation between the base of one and the top of the other (separation distance depends on the area).
It is my understanding that the "sweet spot"…"
"Hahaha" that's a good one Rock Man! Probably so but the way they said it it definitely left us in suspense and wondering if there is in fact a new discovery. It's a good film and very informative if you guys haven't seen it...…"
"As Craig indicated, there a number of deeper horizons below the Haynesville that have produced O&G in different areas in the Gulf Coast.
It is not like there is an "new unknown horizon waiting to be found" lurking in the depths.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More