"Before all of those who thrive off of bad news add there two cents to this post, I will point out that they are not plugging and abandoning this well. Also remember that Devon Energy temporarily abandoned their well in Morehouse and have been…"
""This reminds me so much of other plays I have been involved in where lots of good money was thrown after bad."
What oil shale plays have you been involved in that have gone bust? Just wondering if you could provide any examples....If…"
"I believe Southwestern knows a little more than they are telling us. If they were not somewhat certain the wells could hold for a sufficient length of time, they probably would not be spending an additional 50 M in new…"
"If the average well cost for the lsbd becomes 7-10 M per well, 300 bopd sustained for a 6 to 12 month period would make this play more than economical depending on what the decline curve in production may be. If it declined to 250 bopd and sustained…"
"Maybe this will help, without giving you too much of a long drawn out answer. I worked with some high caliber landman attempting to disprove an Exxon/XTO servitude created by Humble and a subsidiary back in the 50's in…"
"True, State Highways and Servitudes may lack the ability to interupt a servitude. It is just usually your best shot. One servitude I came across had a highway going through the center of it, but when we went back and ran all of the landowners who…"
"Just heard the Brown Dense portion of the presentation. They neglected to mention any production rates on the Garrett and also did not give an update on the clean up in their first well. He did mention the picture of the gas flare making its…"
"What the baron is trying to say is that sometimes when companies have played their cards just right they can hold 40,000 acres at a time by drilling 1 well every 10 years. If your family owned 100,000 acres that was completely contiguous, meaning…"
"There is a broker out of Jackson, Mississippi actively submitting lease offers in Union & Claiborne Parishes. I am a landman and had an acqu. of mine ask if he should take 300/acre and 1/5th royalty maybe a 4/2 or 4/4 lease term…"
"Yes Skip, but please remember that we do not know if T.S. Dudley is doing this for himself or another third party/larger entity. Most smaller companies do not want to deal with any type of bids with the state, there is too much hassell involved. The…"
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