"Thanks for this summary - for obvious reasons, ZaZa did not report that their JV partner / operator (EOG) is actively looking to divest of their acreage position in this area based on information that they were distributing at the recent NAPE…"
Skip has talked about this issue in other topics and this article talks about the issue and how big of a problem it can be. I highlighted in bold issue that LA is facing.Gas Boom Gone Bust Leaves Orphaned WellsGILLETTE, Wyo.—After a natural-gas…See More
"The most interesting thing to me in the whole discussion was the gas prices they are seeing in the Marcellus, the level of activity, and the fax that they are curtailing 250 mmcf of production.
When prices begin to creep up, thy and…"
"That whole acreage position in Adams and Wilkinson (43k gross) was being marketed as a TMS/Tuscaloosa sands/AC/Wilcox/Selma prospect at the NAPE Expo in Houston a couple weeks ago- EXXI didn't seem like they had further plans for the area......"
"At today's NG prices, CHK probably considers lease bonus, MVC gathering and MVC transportation as "sunk costs" to achieve a 40% IRR. In fact, they are "sunk costs" so the IRR is only on the new money invested to drill and…"
"I sat in on the teleconference of 2/25/2015. I will not repeat things that I have said earlier in my notes from teleconferences. I will only tell what is new since my last report...
Speaker tonight was Dan McDonald. "Make no…"
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