Domain: tiger-web1.srvr.media3.us Haynesville Shale | Page 12 | Money Talk
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re: Haynesville Shale

Posted on 6/10/08 at 4:04 pm to
Posted by cavalier333
Pennsylvania
Member since Jun 2008
3 posts
Posted on 6/10/08 at 4:04 pm to
Tigerdog...

When there are announcements about new Haynesville well locations/completions in the Shreveport paper, what does the term, "non-unitized Upper Haynesville" mean? Other wells simply list the formation - i.e. Cotton Valley... but I just wondered what the phrase "non-unitized" was getting at.

Thanks, and I may have more questions for you later...

- Cavalier333
Posted by TigerStuckinOkieland
Oklahoma City, OK
Member since Feb 2007
1330 posts
Posted on 6/10/08 at 4:18 pm to
"Non-unitized" means that the operator of the well has not formally addressed the LA Dept of Conservation Commission with a request for an established "acreage pooling" surrounding the well (in layman's terms)......whereas, many "Cotton Valley" formation wells have defined unit spacing (typically, 640-acres)in NW LA.

At this point in time, I haven't seen much "unitization" of the Haynesville.....Shell Western (SWEPI)has proposed approximately ten 640-acre units in Southern DeSoto Parish (near the Sabine Parish line).
Posted by cavalier333
Pennsylvania
Member since Jun 2008
3 posts
Posted on 6/10/08 at 4:30 pm to
I heard rumblings about the unitization of Haynesville wells having "larger that normal" spacing.... something in the order of around 1900 acres (i.e. three sections) - any truth to that?

And thanks for your quick response...

-cav
This post was edited on 6/10/08 at 4:34 pm
Posted by TigerStuckinOkieland
Oklahoma City, OK
Member since Feb 2007
1330 posts
Posted on 6/10/08 at 4:39 pm to
The 1920 acre spacing you're seeing in various places has much to do with the length of the "laterals" that extend from the well site on a horizontal well. If the footages extend, for example, up to 1 mile in multiple directions from the primary well pad, then the operator is capable of draining greater aerial extent than with shorter and/or less laterals.....simplistic answer, but "to the main point" of your question.

These larger sized units aren't guaranteed by the Commission unless there is significant evidence that the underlying minerals are fairly blanketed -and- the operator has enough lateral extension in multiple directions to effectively drain that much acreage.
Posted by olddog573
natchitoches
Member since May 2008
25 posts
Posted on 6/10/08 at 5:22 pm to
Anyone hearing any price ranges for leases in the Southern DeSoto and Northern Sabine Parish areas in the past week? I've been out of pocket for the past several days, and in this crazy market, I know I probably missed another "big move" in prices.


4500-7000
Posted by cavalier333
Pennsylvania
Member since Jun 2008
3 posts
Posted on 6/10/08 at 6:14 pm to
When in the process would the commission make a ruling on how a specific well would be unitized? Is it a case by case basis? Is a well typically "unitized" just before royalties would begin to be paid?

Would a drilling company need to specify the planned unit size on a lease, given that a 640 acre unit would distribute royalties much differently than a 1920 acre unit?

Hope these questions make sense... And thanks for the info...

Posted by refchef
BR
Member since Jun 2008
1 post
Posted on 6/10/08 at 11:04 pm to
Hey. I'm new to this board and to the Haynesville Shale.

My family owns undeveloped land somewhere in the vicinity of Cross Lake -- at least, I think that's where it is. We were approached about 2 months ago by Petrohawk, but my cousin, who knows something about this process turned down the initial offer -- the bonus was low as was the royalty offer. She's holding out for a better deal.

I guess my question is how can I find out exactly where the land is located? I asked my cousin and she just gave me the township and range info, but I can't find a map that lists this info. I looked at the SONRIS interactive map, but either I don't know what to check or it's not fully labeled.

Also -- I've also found another site that you all might want to participate in. It's a Ning site. Here's the URL: https://haynesvilleshale.ning.com

Anyway -- thanks for your help with the map and thanks too for the great information.
Posted by TigerStuckinOkieland
Oklahoma City, OK
Member since Feb 2007
1330 posts
Posted on 6/11/08 at 9:36 am to
Anyone hearing any price ranges for leases in the Southern DeSoto and Northern Sabine Parish areas in the past week? I've been out of pocket for the past several days, and in this crazy market, I know I probably missed another "big move" in prices.


4500-7000
____________________________________________

Olddog573:

Do you have a knowledge of who the companies and/or brokers are in this region who are offering this 4500-7000 per acre?
Posted by igoringa
South Mississippi
Member since Jun 2007
12279 posts
Posted on 6/11/08 at 10:36 am to
Alright, so we have one poster talking about 'buddies' coming in (Pbeard) and one talking about CHK buying up land off a competitor. Two different stories.

If buying off competitor, obvious candidate is QBIK (although only 6K acres) with GDP being a much much bigger fish
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 6/11/08 at 10:53 am to
Pretty comprehensive Shale article:[link=(HERE)]https://www.allbusiness.com/energy-utilities/oil-gas-industry-oil-processing/10204195-1.html[/link]

Of course, it was written back on May 1st, which in Shale years is like 100 million years ago!

Posted by beauthelab
Member since Feb 2008
4740 posts
Posted on 6/11/08 at 11:28 am to
quote:

Haynesville Shale
Pretty comprehensive Shale article: LINK

Thanks.
This post was edited on 6/11/08 at 11:29 am
Posted by olddog573
natchitoches
Member since May 2008
25 posts
Posted on 6/11/08 at 2:31 pm to
petrohawk was in area about a month ago offering 3300/acre. chspke is now in the area and i have heard of offers ranging from 4500 to 7000. i haven't signed with anyone yet.

i am finding that if landowners stick together all can get a good deal. to get a good deal, it is best to go through an attorney who will submit put all pieces of land out for bid in one package. david means in mansfield is a good one and i think don burketts office in many is doing this as well.
Posted by olddog573
natchitoches
Member since May 2008
25 posts
Posted on 6/11/08 at 3:10 pm to
tiger in okieland, what you hearing about T11N R10&11W area of desoto parish? Grey area or money area?
Posted by TigerStuckinOkieland
Oklahoma City, OK
Member since Feb 2007
1330 posts
Posted on 6/11/08 at 5:15 pm to
Not much other than what you've already stated......should be some play there with SWEPI in the immediate area...unless they strike out. My guess is that SWEPI is the most conservative of all the players, and it's encouraging that they've jumped in with unit requests in the Trenton/Oxford areas of S. DeSoto as well as the Belmont area.

The info is sketchy down in this area, but I've heard some strong numbers like you've shared in the NW Natchitoches Parish and N. Sabine Parish areas....just can't substantiate.....

I think the brokers tried to soft pedal this area for a while, but now it's hot, too.

Any indications on the success of the SWEPI well in Sabine?? I think it's the Olympia Mills well.
Posted by olddog573
natchitoches
Member since May 2008
25 posts
Posted on 6/11/08 at 5:47 pm to
Rumors are rampant, what I do know is we counted 30-35 Halliburton trucks coming from that area about two weeks ago. Before that, an agent representing Petrohawk was offering 3300 for the area, after that Chspke came in with 5100-7000.
Posted by Latech80
Baton Rouge, LA
Member since Jun 2008
26 posts
Posted on 6/11/08 at 7:57 pm to
Let me preface my remarks by offering this website: www.naturalgasfacts.org For the uninformed, it's a down-and-dirty course on natural gas. I would appreciate anyone's comments on pages 5 and 6, particularly the picture of north Louisiana.

There are several articles in the financial press that describe the Haynesville Shale as extending into southern Arkansas. This is how it is being presented by several hedge funds. Yet, it has been reported in this forum that it does not extend beyond south Claiborne parish. Yet, Chesapeake had meetings last week just outside Haynesville.

I realize info is fluid, but I have my own motives, I guess. The family homestead falls within these coordinates: Section 13, Township 23 north, range 4 west, claiborne parish (Junction City, LA). Folklore has it that this entire area is covered with natural gas, but heretofore, it was to expensive to extract. Any thoughts or comments would be welcome on the matters discussed.
Posted by GeneralLee
Member since Aug 2004
13959 posts
Posted on 6/11/08 at 8:07 pm to
can you post the link to the page 5 and 6? I'm not quite sure where on that website to find it. Thanks.
Posted by pittboss33
Bossier City
Member since Jul 2006
521 posts
Posted on 6/11/08 at 8:48 pm to
Go to petrohawk.com and look under presentations at their map. It shows it doesn't even enter the parish of Claiborne. In Bossier, it doesn't go past 19 North. I think tha tmust of been a general map or a Chesapeake leasehold map.
Posted by TigerStuckinOkieland
Oklahoma City, OK
Member since Feb 2007
1330 posts
Posted on 6/11/08 at 9:25 pm to
Old Dog:

Were the Chesapeake and PetroHawk offers in Southern DeSoto or in Northern Sabine?
Posted by olddog573
natchitoches
Member since May 2008
25 posts
Posted on 6/11/08 at 10:03 pm to
Northern sabine.
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