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Started By
Message
re: Haynesville Shale
Posted on 6/13/08 at 10:42 am to TigerDog83
Posted on 6/13/08 at 10:42 am to TigerDog83
TigerDog:
Sorry to bother, but wondering if you had any contact names and/or phone #'s for the Pangea landmen?
Sorry to bother, but wondering if you had any contact names and/or phone #'s for the Pangea landmen?
0
Posted on 6/13/08 at 11:05 am to olddog573
Where was this well drilled? Is 6mm good or bad? I have heard that there was a well being drilled at the Powhatten exit on I-49. Any word on who is drilling this well?
Posted on 6/13/08 at 11:11 am to jwinfree
Don't have any contacts with Pangea, but Petrohawk has ads everywhere if you are looking to call them about leasing.
The well off of I-49 in Natchitoches Parish is the #1 Messenger being drilled by Encana. Probably will not release any results until they complete the well a couple of months down the road at the earliest.
The well off of I-49 in Natchitoches Parish is the #1 Messenger being drilled by Encana. Probably will not release any results until they complete the well a couple of months down the road at the earliest.
Posted on 6/13/08 at 11:14 am to TigerDog83
quote:
Is there any chance that the Bossier Shale goes further up into northern Bossier Parish than the Haynesville Shale does?
Not really. The two shales appear to overlap in places, notably southwest Caddo. It is thought at this point the Bossier shale as it is being called by HK trends into Texas. Penn Virginia has been testing it for two years in Harrison County, TX. Except for Penn Virginia and HK today, no one has really talked about this upper shale. Neither zone appears to run Northward, as both were gone in the Samson Forcap 22#1 well northeast of Benton.
This post was edited on 6/13/08 at 12:21 pm
Posted on 6/13/08 at 11:17 am to TigerDog83
Do you know where the well in South Sabine Parish is being drilled?
Posted on 6/13/08 at 11:25 am to TigerDog83
Posted on 6/13/08 at 11:29 am to jwinfree
dont exactly know where it was drilled but article says southern edge of sabine parish. quote and link to article are below.
He reports of a BP Plc test well in Rusk County flowing at 26 million cubic feet per day. Shell tested a vertical well on the southern edge of Sabine Parish, he said, at 3 million per day from the Bossier and another 3 million from the Haynesville that commingled for a total of 4- to 6 million cubic feet per day.
“From a vertical well bore that is almost unheard of from a shale well,” he said.
LINK
He reports of a BP Plc test well in Rusk County flowing at 26 million cubic feet per day. Shell tested a vertical well on the southern edge of Sabine Parish, he said, at 3 million per day from the Bossier and another 3 million from the Haynesville that commingled for a total of 4- to 6 million cubic feet per day.
“From a vertical well bore that is almost unheard of from a shale well,” he said.
LINK
Posted on 6/13/08 at 11:32 am to TigerDog83
coastal land services is another representing encana and shell.
Posted on 6/13/08 at 11:50 am to olddog573
just looked up the article on the link that i posted about the production numbers on sabine parish and rusk county wells and they've been removed. luckily i printed it out. i will scan the article and post it in its' entirety this afternoon.
This post was edited on 6/13/08 at 11:52 am
Posted on 6/13/08 at 11:56 am to olddog573
I was wondering about the article. I didn't see anything about Sabine Parish on the article. I have heard that Shell is active in the area but have not heard from them yet. I own land down there but everything that I have heard up to this point only talks about North Sabine. Thanks for all of the info.
Posted on 6/13/08 at 12:49 pm to jwinfree
I have some questions regarding a hypothetical situation that could result from the 10-year rule.
In May 2000 Farmer bought a few hundred acres that may be in this play. Seller reserved 1/2 of the minerals. There has been no production, and neither Farmer's 1/2 nor Seller's 1/2 has been leased.
This situation obviously raises some issues of strategery for Farmer. Should Farmer try to negotiate with Seller to release his 1/2 to Farmer? Assuming Farmer's net acres are enough to block unitization, should he just wait out the 2 years?
I'd also be curious to hear anyone's thoughts as to how an E&P or a broker would deal with such a situation.
In May 2000 Farmer bought a few hundred acres that may be in this play. Seller reserved 1/2 of the minerals. There has been no production, and neither Farmer's 1/2 nor Seller's 1/2 has been leased.
This situation obviously raises some issues of strategery for Farmer. Should Farmer try to negotiate with Seller to release his 1/2 to Farmer? Assuming Farmer's net acres are enough to block unitization, should he just wait out the 2 years?
I'd also be curious to hear anyone's thoughts as to how an E&P or a broker would deal with such a situation.
Posted on 6/13/08 at 12:53 pm to jwinfree
here is article with sabine parish and rusk county flows:
TOiland
Investor
Haynesville Play 80% Leased; Bossier Expands Potential: Petrohawk's Wilson
Article By Steve Toon
Published Jun 11, 2008
Haynesville-shale player Petrohawk Energy Corp. is "well beyond" its last announced position of 150,000 acres in the play and the leasing is 80% complete, according to president and chief executive Floyd Wilson, but the emerging Bossier formation potential could expand the play even further, he predicts.
Wilson spoke at Oil and Gas Investor's Energy Capital Investment Symposium in Houston on Wednesday.
"We'll buy all the land that we can beg, borrow or steal," he said. "We'll go back to the market if we have to because you don't get an opportunity like this very often. We're right in the middle of it and we already have a lot of land."
Already the company is in a position to drill for decades, he said, and not "ratty" locations where success is hit or miss. "These are places where we can drill thousands of wells with no dry holes." Petrohawk has three rigs running at present and plans to have 10 by year-end.
The company is estimating reserves of 5 billion cubic feet per well at a well cost of $5 million with 150 billion cubic feet recoverable per section. With production tests on eight wells, Wilson said the recoverables "calculate better per section than the Barnett does."
Since April lease costs have escalated to $10,000 to $15,000 per acre for a typical three-year, 75% net-revenue-interest lease and into the $2O,ooos for deeper rights extending beyond the three-year time frame.
"If the play goes gold, it's going to be $40,000 to $50,000 per acre in three years."
And do the economics of the play justify such lease costs? "For sure," he said without pause. "We haven't seen anything yet to dampen our enthusiasm for the play. Hence our spending activities over the last month or two increasing to hundreds of millions of dollars per week."
Growing data on the Bossier formation, however, which lies just above the Haynesville shale, is adding a newfacet to the play, he said, possibly expanding the size of the play south in Louisiana and further west into East Texas beyond the boundaries of the Haynesville. The Bossier comes into play where the Haynesville gets thin and could be just as good as the Haynesville.
Although some reports have interchanged the terms for the Haynesville and Bossier trends as synonymous, Wilson makes a distinction that they are overlapping but separate trends.
"The Bossier is just picking up speed and may double the size of the overall area," Wilson said. "The Bossier seems to be very real, all the way over to Rusk County" in East Texas. "It's going to go quite a ways over there."
He said Petrohawk will continue leasing as far west of the northern Louisiana epicenter of the play as research indicates. "Our focus has been the Haynesville and it still is, but we have certainly shifted gears over the past two months to try to pick up leaseholds in the Bossier play as well."
He reports of a BP Pic test well in RusK County flowing at 26 million cubic feet per day. Shell tested a vertical well on the southern edge of Sabine Parish, he said, at 3 million per day from the Bossier and another 3 million from the Haynesville that commingled for a total of 4- to 6 million cubic feet per day.
"From a vertical well bore that is almost unheard of from a shale well," he said.Shell Oil and EnCana hold half a million acres in the southern region of the Haynesville and Bossier plays, he indicated. "When Shell and EnCana got into the play it was a Bossier shale play for them, and the Haynesville came with it. Chesapeake (Energy Inc.) started out looking for Bossier and found the Haynesville potential was huge."
East Texas lease holders targeting the James lime and Travis Peak trends are "looking pretty prospective now for Bossier," he adds.
Wilson said the play is breaking so fast that it will cause bottlenecks in rigs and takeaway capacity in a year or so. He expects 100 rigs running by mid 2009, up from five at the beginning of 2008, and horizontal rigs with top drives will become scarce.
"You're going to have a huge traffic jam of people hauling rigs up into this area over the next couple of years."
Getting the anticipated gas out of the area and into an interstate pipeline is going to be an issue as well. If you've got a lot of wells coming in at 5- to 15 million cubic feet a day, you could get this field up to a Bcf (billion cubic feet) a day rather quickly. If it gets to a Bcf, there's not that much capacity there."
Another pipeline will need to be built to handle the capacity, he said, as the existing infrastructure is
TOiland
Investor
Haynesville Play 80% Leased; Bossier Expands Potential: Petrohawk's Wilson
Article By Steve Toon
Published Jun 11, 2008
Haynesville-shale player Petrohawk Energy Corp. is "well beyond" its last announced position of 150,000 acres in the play and the leasing is 80% complete, according to president and chief executive Floyd Wilson, but the emerging Bossier formation potential could expand the play even further, he predicts.
Wilson spoke at Oil and Gas Investor's Energy Capital Investment Symposium in Houston on Wednesday.
"We'll buy all the land that we can beg, borrow or steal," he said. "We'll go back to the market if we have to because you don't get an opportunity like this very often. We're right in the middle of it and we already have a lot of land."
Already the company is in a position to drill for decades, he said, and not "ratty" locations where success is hit or miss. "These are places where we can drill thousands of wells with no dry holes." Petrohawk has three rigs running at present and plans to have 10 by year-end.
The company is estimating reserves of 5 billion cubic feet per well at a well cost of $5 million with 150 billion cubic feet recoverable per section. With production tests on eight wells, Wilson said the recoverables "calculate better per section than the Barnett does."
Since April lease costs have escalated to $10,000 to $15,000 per acre for a typical three-year, 75% net-revenue-interest lease and into the $2O,ooos for deeper rights extending beyond the three-year time frame.
"If the play goes gold, it's going to be $40,000 to $50,000 per acre in three years."
And do the economics of the play justify such lease costs? "For sure," he said without pause. "We haven't seen anything yet to dampen our enthusiasm for the play. Hence our spending activities over the last month or two increasing to hundreds of millions of dollars per week."
Growing data on the Bossier formation, however, which lies just above the Haynesville shale, is adding a newfacet to the play, he said, possibly expanding the size of the play south in Louisiana and further west into East Texas beyond the boundaries of the Haynesville. The Bossier comes into play where the Haynesville gets thin and could be just as good as the Haynesville.
Although some reports have interchanged the terms for the Haynesville and Bossier trends as synonymous, Wilson makes a distinction that they are overlapping but separate trends.
"The Bossier is just picking up speed and may double the size of the overall area," Wilson said. "The Bossier seems to be very real, all the way over to Rusk County" in East Texas. "It's going to go quite a ways over there."
He said Petrohawk will continue leasing as far west of the northern Louisiana epicenter of the play as research indicates. "Our focus has been the Haynesville and it still is, but we have certainly shifted gears over the past two months to try to pick up leaseholds in the Bossier play as well."
He reports of a BP Pic test well in RusK County flowing at 26 million cubic feet per day. Shell tested a vertical well on the southern edge of Sabine Parish, he said, at 3 million per day from the Bossier and another 3 million from the Haynesville that commingled for a total of 4- to 6 million cubic feet per day.
"From a vertical well bore that is almost unheard of from a shale well," he said.Shell Oil and EnCana hold half a million acres in the southern region of the Haynesville and Bossier plays, he indicated. "When Shell and EnCana got into the play it was a Bossier shale play for them, and the Haynesville came with it. Chesapeake (Energy Inc.) started out looking for Bossier and found the Haynesville potential was huge."
East Texas lease holders targeting the James lime and Travis Peak trends are "looking pretty prospective now for Bossier," he adds.
Wilson said the play is breaking so fast that it will cause bottlenecks in rigs and takeaway capacity in a year or so. He expects 100 rigs running by mid 2009, up from five at the beginning of 2008, and horizontal rigs with top drives will become scarce.
"You're going to have a huge traffic jam of people hauling rigs up into this area over the next couple of years."
Getting the anticipated gas out of the area and into an interstate pipeline is going to be an issue as well. If you've got a lot of wells coming in at 5- to 15 million cubic feet a day, you could get this field up to a Bcf (billion cubic feet) a day rather quickly. If it gets to a Bcf, there's not that much capacity there."
Another pipeline will need to be built to handle the capacity, he said, as the existing infrastructure is
Posted on 6/14/08 at 4:09 pm to olddog573
Olddog, can you provide a link for that article? Thanks.
This post was edited on 6/14/08 at 4:10 pm
Posted on 6/14/08 at 4:46 pm to TigerDog83
TigerDog83,
I have been following your posts and you seem to be very educated on the oil and gas industry and the whole process of obtaining leases. I have 16 acres in North DeSoto Parish, 15n, 14w, Sec. 13. I am in the part of the hump of DeSoto Parish the is surrounded on either side by Bossier and Caddo Parishes. I have had lease offers in years past but nothing for over a year until now and the interest in the Haynesville. I have had a lease offer ($500 & 25%, Richard Hamilton, LLC, Houston) and a mineral purchase offer ($2,000 Phillips Energy, Shreveport). From looking at the maps, I think that I would be in a good area. There is no doubt that I do own my minerals. No producing well in Section since 1991 or 1992, owned property since Jan. 1994.
I have yet to hear from any the larger players. Any suggestions?
I have been following your posts and you seem to be very educated on the oil and gas industry and the whole process of obtaining leases. I have 16 acres in North DeSoto Parish, 15n, 14w, Sec. 13. I am in the part of the hump of DeSoto Parish the is surrounded on either side by Bossier and Caddo Parishes. I have had lease offers in years past but nothing for over a year until now and the interest in the Haynesville. I have had a lease offer ($500 & 25%, Richard Hamilton, LLC, Houston) and a mineral purchase offer ($2,000 Phillips Energy, Shreveport). From looking at the maps, I think that I would be in a good area. There is no doubt that I do own my minerals. No producing well in Section since 1991 or 1992, owned property since Jan. 1994.
I have yet to hear from any the larger players. Any suggestions?
Posted on 6/14/08 at 4:58 pm to insomniacnla
Posted on 6/14/08 at 8:42 pm to insomniacnla
seems like in that area you should be getting at least 5k per acre +25% royalties.
Posted on 6/15/08 at 12:56 am to GeneralLee
From what I have read, I thought that the "hot zone" Chesapeake talked about was in between the Elm Grove and Johnson Branch wells, which would include Stonewall. But $500.00 per acre is my top offer so far. I sent an email to Chesapeake today and called Petrohawk and left a voicemail message. Maybe I will be in the money tomorrow! :)
Posted on 6/15/08 at 7:31 pm to insomniacnla
Do not sell your lease for $500/acre....this acreage will be included in the play...believe it!!
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