West Feliciana Parish

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West Feliciana Parish

Join the discussion in this group on topics directly related to TMS & Austin Chalk in West Feliciana parish.  Ask questions, share knowledge, & provide updates/info on wells, leases, etc.

Location: West Feliciana, St. Francisville, LA
Members: 58
Latest Activity: Sep 13

Discussion Forum

CRK TMS UNITS IN SW MOUNT COMMON CHURCH AND NE SPILLMAN FIELDS

Started by Skip Peel - Independent Landman. Last reply by William C. Morrison Apr 9, 2015. 1 Reply

CRK SOUTHWEST MOUNT COMMON CHURCH FIELD  TMS RA SUA 927 ACRES…Continue

GDP SLC INC 18H #1

Started by Skip Peel - Independent Landman. Last reply by Skip Peel - Independent Landman Sep 11, 2014. 58 Replies

This discussion is continued from the Tuscaloosa Marine Shale Group.…Continue

HK TMS RA SUA;WALKER H #1

Started by Skip Peel - Independent Landman. Last reply by Jeff Plauche Aug 15, 2014. 3 Replies

This discussion is continued from the Tuscaloosa Marine Shale Group.…Continue

SPILLMAN & NE SPILLMAN TMS UNITS

Started by Skip Peel - Independent Landman. Last reply by Curious George Aug 7, 2014. 5 Replies

ECA SPILLMAN TMS RA SUA & SUB (995 ACRES EA) …Continue

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Comment by William C. Morrison on September 13, 2016 at 7:35pm

The minerals are not going anywhere.  Just have to wait.  My family holdings are directly across the river from W. Feliciana, Pointe Coupee Coast.  We have about 700 acres.  Just started planting sugar cane for the first time in 50 years.  My grandfather was a sugar planter but we quit back in the mid 50s.  But like you we are waiting for the next boom.  Hang in there.

Comment by Seeing Wells! on September 13, 2016 at 1:29pm

Thank you, William C. Morrison and Two Dogs, Pirate.
I suppose I was just wishing the economics would fall in our favor. 
Sigh... 
:-)

Comment by Two Dogs, Pirate on September 13, 2016 at 9:38am

Seeing Wells, the TMS hasn't been proven out to be economical at this time. Maybe one day it will but times are tight at present. What company other than a major oil company has money to lose in a crap shoot?

Comment by William C. Morrison on September 12, 2016 at 3:31pm

Not sure what you are driving at.  Pipeline development is for two reasons, first it is safer way to more oil and second it is a cheaper way to move oil than the railroad.  Ergo, infrastructure is being built even in a down turn.  I do not know that one has to do infrastructure development to frack a well.  Most fracking down here in the Barnett Shale uses local subsurface wells and then sends the "used frack water" down deep wells back into the salt water zone.  And all the wells gas/oil wells locally produce some salt water that is also disposed via injection wells.  It does not require much infrastructure, just injection wells, a few tanks and pumps to dispose of the saltwater and frack water.  Also most shale wells produce a significant amount of gas which is dirt cheap at the moment, while Brakken oil is not so cheap as natural gas.  So it is all economics.

Having said that, the Permian Basin in west Texas is hotter than fresh popped corn.  New discoveries and old fields producing more oil and gas.

Comment by Seeing Wells! on September 12, 2016 at 2:19pm

I'm not certain whether this is the best place to ask this question, however, I am interested in knowing what "local" people are thinking...
WHY are "they" doing so much infrastructure work in the Dakotas for the purpose of fracking? Including but not limited to a pipeline to bring it down here.
WHY aren't "they" working on what is closer first? 
If I understand correctly, it is more difficult to extract the resources from our fields, but could it cost as much as the expense in the Dakotas?

And finally, with the price of oil and gas at such a low... wasn't that the excuse used to stop all activity here? So WHY the money being pumped in the north now?

Comment by William C. Morrison on January 20, 2016 at 9:58am

And oil keeps tumbling down taking the NYSE with it.  Seems that we ain't reached bottom yet.  Don't think it will hit zero like the Federal Reserve rates did but I guess it will get close.  Gas here in Fort Worth area is already at less than a buck and half a gallon. With grocery store points I was able to get gas at ninety cents a gallon the other day.  When oil stabilizes I will return to the stock market.  Buying opportunities will arise.

Comment by RGV AG on January 16, 2016 at 12:06am

For the last several years it is assumed and basically known that quite a bit of Iranian oil is being sold on the open market via Iraq and Kurdistan.  Thus, when the official Iranian oil hits the market the total volume is not going to increase by quite the amount that is being bandied about in the media as much of the oil is already on the market. 

No doubt the Saudi's are pissed at and want a pound of flesh from the Iranians, but in the end it seems that Iraq might lean a little more to the Persian side than the Arab side and things might get real interesting in the part of the world, more so than they are now.  It might sound like heresy but over the course of history the Persians have proven smarter and more civilized than the Arabs.  I would have to put my money on a Iran-Iraq partnership over the Saudi's. 

Comment by Joe Aldridge on January 15, 2016 at 12:47pm

Hey Guys,

I said that the price would go to thirty or below 2 or 3 months ago. As Chip points out Iran's oil has yet to hit the market. I'm sad to say the price could go to 20 or below. It seems the Saudis now want to price the oil as low as they can to penalize the Iranians as much as they can when they start selling their stockpiled oil.

First it was the Shalers and Russians  that had a target on their backs now its the Iranians. When you are sitting on an ocean of oil no one can compete.

Comment by Skip Peel - Independent Landman on January 15, 2016 at 12:09pm

All operators, as far as I am aware, sell their crude at some discount to the posted price.  Many are now receiving less than $30/barrel.

Comment by Seeing Wells! on January 15, 2016 at 11:53am

Hi William. I thought I read a couple of days ago that the price was officially under $30/barrel. Sad news for us, I suppose. Especially since the best price I've seen on a gallon of gas was $1.58 a few days ago in Baton Rouge. Someone is making a lot money. It's not us.
But tomorrow is definitely another day. :-)

 

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