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Message
re: Haynesville Shale
Posted on 6/7/08 at 11:34 am to TigerDog83
Posted on 6/7/08 at 11:34 am to TigerDog83
quote:
I laugh when I hear these people who have land way up North or way down to the South who think they are in the shale and are holding out for offers. People are leasing in these places, but it's not going to be for big money because it's not going to be for the Haynesville shale.
Homeowners/everywhere around Sport and Bossier in particular/No one is going to drill for O&G on your property....However...Several Subdivisions are being offered $10K per homeowner.
If you are a homeowner...without any substantial property...the Bonus $$$ are going up, just same song...second verse...as in the Barnett.
Evangel just leased $10,700/acre. I don't know who will be laughing last. But no one around here is signing for much less.
And...Just heard...leases going for $15K between Ellerbe Rd. and Norris Ferry (south Sport).
No company is going to stop leasing right now...There are at least 10 O&Gs that I know are leasing right now...right here.
Again...I agree with other speculating bloggers...It is the mineral owner's choice. So, do your homework and contact several companies, don't wait for them to send you a generic letter.
(Have received 4 letters in 3 months, myself)
Go to: ning.com and visit "Haynesville" and get some different stuff there. Go every place on the web you can find...lots of chatter out there.
And no one is "laughing" at you.
DrWAVeSPort 6/7/08 a.m.
This post was edited on 6/7/08 at 11:36 am
1
Posted on 6/7/08 at 11:58 am to DrWAVeSport
Just picked up my mail this a.m. Another letter...from XTO (Ft. Worth)
Dadgumit...Should of signed with the first one...NOT!
Dadgumit...Should of signed with the first one...NOT!
Posted on 6/7/08 at 12:40 pm to DrWAVeSport
quote:
Again...I agree with other speculating bloggers...It is the mineral owner's choice. So, do your homework and contact several companies, don't wait for them to send you a generic letter.
The cities of Shreveport and Bossier are mostly going to be prospective, that's not what I was talking about. I was indicating that there is no productive shale up in North Caddo, North Bossier, North Webster, etc. and that anything past mid to Northern Natchitoches and Northern Sabine is too deep to be targeted. Many of these people with land this far to the north or the south are kidding themselves if they think they are going to lease for big dollars. Word this week is that Petrohawk has pulled their brokers out of the city limits. This is probably in response to the high prices inside the city and the big head start Chesapeake already had.
Posted on 6/7/08 at 2:47 pm to TigerDog83
Are you hearing any chatter about Chesapeake quietly shifting the focus to East Texas?
Posted on 6/7/08 at 5:21 pm to Tiger JJ
hearing that going rate in north sabine around belmont area is 5100-7000 from chesapeake.
This post was edited on 6/7/08 at 5:30 pm
Posted on 6/7/08 at 11:55 pm to olddog573
Leased to CHK in early May, have property in south Desoto, T10N R11W. Could someone with more knowledge of gas exploration explain what the Haynesville data points, and net isopach data points are on the Petrohawk map in their RBC presentation? Something to do with previous well logs at these points I would guess, but I am not familer with the term "Isopach"
Posted on 6/8/08 at 12:11 am to Tiger JJ
Heard of some leasing north of I-20, near Hiway
531, just east of Minden, Webster Parish, La.
That is pretty near the Minden Field.
Lots of testing done about 3 weeks ago in
this area to the Claiborne line.
531, just east of Minden, Webster Parish, La.
That is pretty near the Minden Field.
Lots of testing done about 3 weeks ago in
this area to the Claiborne line.
Posted on 6/8/08 at 12:36 am to Bayou Lassie
quote:
Leased to CHK in early May, have property in south Desoto, T10N R11W. Could someone with more knowledge of gas exploration explain what the Haynesville data points, and net isopach data points are on the Petrohawk map in their RBC presentation? Something to do with previous well logs at these points I would guess, but I am not familer with the term "Isopach"
An isopach map is a map depicting the thickness of a zone (usually sands but in this case the overpressured lower bossier/haynesville shale). The higher the value on an isopach map, the thicker the formation (usually given in feet). It is usually true that a thicker formation can give up more hydrocarbons due to simple volumetrics. In the Petrohawk map, anything noted as being "zeroed out" means that it has a mean thickness of zero feet. This is an indication that the zone is not present. This is indicated on the Petrohawk map by the J-W #1 Rumbaugh on the Northern fringes of their acreage.
Posted on 6/8/08 at 9:07 am to TigerDog83
OK, why is there so much press information out there about the Haynesville with so little well production information excluding the Penn Virginia Fogle 5-H well in Harrison County? I know of two wells in Sabine Parish that were and are being drilled to the Haynesville. They are Olympia Minerals and Murry in Pleasant Hill. I know of another in Red River Parish that was supposed to be a good well.
Although they're not going to the Haynesville, there are now other well sites being made in North Sabine for exploration.
I understand that some companies would want to pump their investors for more money by leaking or publishing some information as Petrohawk did by letting the cat out of the bag and Penn VA releasing their information. However, with all the other activity going on, seems like there would be more production information out there than just one well in Texas.
Although they're not going to the Haynesville, there are now other well sites being made in North Sabine for exploration.
I understand that some companies would want to pump their investors for more money by leaking or publishing some information as Petrohawk did by letting the cat out of the bag and Penn VA releasing their information. However, with all the other activity going on, seems like there would be more production information out there than just one well in Texas.
Posted on 6/8/08 at 9:08 am to Tiger JJ
quote:
Are you hearing any chatter about Chesapeake quietly shifting the focus to East Texas?
From what I know, the Bossier/Haynesville shale appears to be thicker in East Texas than in LA. Your best bet to be in the play in LA is if you are in southern caddo, bossier, and de soto parishes. You start to get thin east of these parishes and as you start to get into Sabine parish. Shell is working on a Sabine Parish play and are currently flow testing a well in that parish. I know that leases are going pretty high in south central sabine right now (co-worker just signed with CHK for $4000 acre. CHK has been leasing in Harrison county, TX for the past few months and lease prices in TX have jumped from 800 an acre to >2500 acre in the last month.
Contrary to what a lot of people on this board think, this play is still not defined, and for any one person to come on here and say that the OG companies know what is under the ground and are just trying to screw the land owners is full of shite. To date only two wells have been confirmed in the play, a third is being drilled and should be completed in the next two weeks. It is only through completions and flow testing that this play will be defined (seismic data won't tell you anything about shale and its characteristics: organic content, kerogen content, micro-porosity, and micro-fractures, all of which must be present for the gas to flow.) I don't want to sound like an arse, but if you do not know what those mean then you do not know what you are talking about as far as where the play is. I will be happy to define these terms for you however, to enlighten you if you would like.
Posted on 6/8/08 at 9:10 am to olddog573
quote:
two wells in Sabine Parish that were and are being drilled to the Haynesville
this is not entirely accurate. The shale appears to thinning to where Shell has drilled. Have you seen the electronic logs of these two wells and correlated them to other shale wells? It is not clear what exactly shell is doing at these locations and anything stated is purely speculation.
This post was edited on 6/8/08 at 9:26 am
Posted on 6/8/08 at 9:32 am to TigerV
quote:
Contrary to what a lot of people on this board think, this play is still not defined, and for any one person to come on here and say that the OG companies know what is under the ground and are just trying to screw the land owners is full of shite. To date only two wells have been confirmed in the play, a third is being drilled and should be completed in the next two weeks. It is only through completions and flow testing that this play will be defined (seismic data won't tell you anything about shale and its characteristics: organic content, kerogen content, micro-porosity, and micro-fractures, all of which must be present for the gas to flow.) I don't want to sound like an arse, but if you do not know what those mean then you do not know what you are talking about as far as where the play is. I will be happy to define these terms for you however, to enlighten you if you would like.
I heard similar from a friend who works for a drilling company in NW LA, just not to your degree of detail. Sounds like some tulip mania setting in.
Posted on 6/8/08 at 9:37 am to TigerV
quote:
Contrary to what a lot of people on this board think, this play is still not defined, and for any one person to come on here and say that the OG companies know what is under the ground and are just trying to screw the land owners is full of shite. To date only two wells have been confirmed in the play, a third is being drilled and should be completed in the next two weeks. It is only through completions and flow testing that this play will be defined (seismic data won't tell you anything about shale and its characteristics: organic content, kerogen content, micro-porosity, and micro-fractures, all of which must be present for the gas to flow.) I don't want to sound like an arse, but if you do not know what those mean then you do not know what you are talking about as far as where the play is. I will be happy to define these terms for you however, to enlighten you if you would like.
We have been told directly by some of the companies involved that Southern Caddo appears to be where the shale is highest in organic content. According to one company we have interests with the shale has less organic content in Red River parish. Our logs in Caddo Parish seem to confirm this, and the wells in Caddo Parish also appear to exhibit better "gas effect" on logs. It is one company's opinion that some deep seated faulting occurred in Southern Caddo parish, occuring in the shale being highly fractured in this area. Drilling reports have essentially confirmed this as there have been several wells where the shale heaved in on the wellbore and the operator had to kick off a new lateral uphole. There is an active 3-D shoot going on in Southern Caddo right now, although whether it will assist in any way is still unknown. 3-D has been a great tool in the Barnett to design frac's and their interaction with the Ellenberger formation, but has not been proven to be overly beneficial in the Fayettville shale. Most of the companies we deal with have indicated that the shale thins to the North, and also thins into Texas. Not one company has indicated that this play will include more of Texas than Louisiana though. There are now six Chesapeake wells that have been completed and are producing to pipeline, with two more waiting on a frac job, not two. I can also assure you the flow rates they have released to the state available through SONRIS are doctored. TigerV, I agree with you that the play is largely undefined, however every company we have talked to does agree that the play's northern limits are fairly defined. To the East, West, and South is still up for interpretation. TigerV, where are you getting information that suggests Harrison/Panola counties will be the best location for the shale?
This post was edited on 6/8/08 at 10:08 am
Posted on 6/8/08 at 10:27 am to TigerV
quote:
Contrary to what a lot of people on this board think, this play is still not defined, and for any one person to come on here and say that the OG companies know what is under the ground and are just trying to screw the land owners is full of shite.
This is a "PLAY." So far so good. The only thing that is going on in NWLa is the "PLAY" per se) portion of an O&G stake. The 1st act of this play is the leasing up of land. And...that is what has to be timed by the O&Gs and the landowners.
Under your premise, then Chesapeake, and PetroHawk and Goodrich, etc., have made statements to the press, shareholders, bankers, and institutional investors...that they are betting the farm...on..."that the OG companies know what is under the ground" and exactly how to get to it, and they are going to bring great returns to their stakeholders in the future! Under your premise...No such thing yet exists in reality... They even "outed" each other in order to get their own stock prices moving.
"...CHK still leasing, just having to pay more than in the past."
"Have improved drilling efficiency and reduced average days to drill...20-25 days."
"Increased rig count to 45 rigs, to accelerate acreage development, increase production and capture strong returns."
If you are correct...and all of this $$$$ is going nowhere...but in leasing contracts and promises of royalty payments...? You tell me, then. Data are coming soon, just hold on for a few more months.
Nothing personal...you contradicted yourself from one paragraph to your next paragraph. Defined the field yourself (in the 1st) and turned around and "Contrary to what a lot of people on this board think, this play is still not defined." (in the 2nd)
Your comments are true oilfield talk if I ever hear it. (My Father retired from O&G...have heard it all my life). Retired when the last bust came into Ok, Tx, and NWLa...not pretty.
If there is any segment of the "PLAY" that is responsible for the higher Bonus$, the higher royalty %ages, the landmen being frustrated over landowners' informing themselves and requiring better leases, the slightly "higher cost of doing business in NWLa, and Ft.Worth,Arlington, Tx, etc., etc., etc....
Then it's the O&G companies themselves who let that one go! They messed up! They couldn't stand it anymore...and had to spill the beans to the press. Not the landowners. For whatever the reasons...they drop kicked this barrel over on their own heads!
Quit blaming everyone else for trying to pay attention and becoming their own best advocate...sounds like sour grapes to me.
DrWAVeSport 6/8/08
This post was edited on 6/8/08 at 10:43 am
Posted on 6/8/08 at 10:39 am to DrWAVeSport
DrWaveSport,
Could you please post your thoughts in complete sentences? I am having a difficult time following your logic in many of your statements due to the incorrect grammar and language. This is not a shot at you, just difficult for me to follow you at times. Thanks.
Could you please post your thoughts in complete sentences? I am having a difficult time following your logic in many of your statements due to the incorrect grammar and language. This is not a shot at you, just difficult for me to follow you at times. Thanks.
Posted on 6/8/08 at 11:09 am to TigerDog83
TigerDog83,
Thanks for all your information and knowledge here. I have learned a great deal from reading your post. Have you heard anything for the North Natchitoches parish? I saw one of your post saying that township 10 is the cutoff. I have land in Township 10 North, Range 8 West. This is in the Powhatten area a couple miles south of the Red River line. Landmen are everywhere down here, and I here they are starting to lease (Encana). I have not heard anything, but have my finger crossed. I know,as of know I am on the fringe of things, but would love any input you have on what your hearing and what type of negotiating power I might have? royalty? leasing bonus per acre? that sort of thing.
thanks again
Thanks for all your information and knowledge here. I have learned a great deal from reading your post. Have you heard anything for the North Natchitoches parish? I saw one of your post saying that township 10 is the cutoff. I have land in Township 10 North, Range 8 West. This is in the Powhatten area a couple miles south of the Red River line. Landmen are everywhere down here, and I here they are starting to lease (Encana). I have not heard anything, but have my finger crossed. I know,as of know I am on the fringe of things, but would love any input you have on what your hearing and what type of negotiating power I might have? royalty? leasing bonus per acre? that sort of thing.
thanks again
Posted on 6/8/08 at 11:11 am to TigerDog83
Dear TigerDog83:
Please accept my apology for the "incorrect grammer and language." I will attempt to do a better job of conveying my blogging opines (oops...opinions). I am not spending time editing, as I believe you are graciously pointing out to me. I know time constraints and being in a hurry are not adequate excuses for my blogging etiquette.
However, pursuant to your suggestions, I will try to do a better job.
Thank you for your help and direction,
Sincerely yours,
DrWAVeSport
P.S. I'm sorry, my blogging moniker is not really good grammer/language either. I guess we all have to live with some things.
Please accept my apology for the "incorrect grammer and language." I will attempt to do a better job of conveying my blogging opines (oops...opinions). I am not spending time editing, as I believe you are graciously pointing out to me. I know time constraints and being in a hurry are not adequate excuses for my blogging etiquette.
However, pursuant to your suggestions, I will try to do a better job.
Thank you for your help and direction,
Sincerely yours,
DrWAVeSport
P.S. I'm sorry, my blogging moniker is not really good grammer/language either. I guess we all have to live with some things.
Posted on 6/8/08 at 11:14 am to BigBall
I'm not sure about Natchitoches Parish. I know that Encana and Shell have formed a joint venture. They are the two active players in that area. Encana has a well permitted and the location is built in Northern Nat. (Messenger #1). Down there it is going to take some drilling to determine how thick the lower Bossier/Haynesville shale is and whether it is productive or not. This will depend on many factors, some of which TigerV covered earlier. I know that offers there right now are at least $2,000 - $3,000 per acre. As far as the 10N cutoff line, that was told to us by one of the companies involved. Right now every company is skewing their maps to fit their individual leasehold position, and there is a lot of misinformation out there. In short, it will likely be a waiting game out on the fringes of the play until drilling either proves or disproves an area.
Posted on 6/8/08 at 11:18 am to TigerDog83
quote:
To the East, West, and South is still up for interpretation. TigerV, where are you getting information that suggests Harrison/Panola counties will be the best location for the shale?
I am sorry about sources of information, but I have to keep some of that close to the vest. Just to let you know that I have seen some of the data collected in texas as well as in LA. Of course, not all of the data is complete and i would love to take a look at some more, toc and fracture systems for one. What I do know is thickness? and I can tell you that the shale thickens west. Does this make East TX better, not always, there are obviously going to be and there are already some very good wells in LA.
quote:
you contradicted yourself from one paragraph to your next paragraph
DrWaveSport,
I defined what I know, and that is all that I know. Given that information, if I was to go and try to pick up a lease outside of that area, I would not and should not be expected to pay top dollar for the land, which it appear that you would like me to do. This is not good business.
I also never said that the money was going nowhere. There is obviously something in the shale, that has been proven, but to say that the OG companies are sticking it to you is a little weak on your part. I applaud the landowners trying educate themselves as to what they may possibly have under their land. IN fact, i encourage more landowners to ask questions about what others have heard. TigerDog has done a more that good job keeping the other readers informed on what he knows, and answering the myriad of questions that have arisen. What I do not like is the ramped speculation that I have heard on the board to date. This message board can be very powerful when it comes to exciting and entire area, but I would like to keep this all in perspective. So, if chk or hk or anyone else comes to you to lease you have a right not negotiate the price, but you do not have a right to demand a price, especially if your area has not been proven. They drill a well a sections a way that works, stick it to them, but if you heard of a well two parishes over and you want yours, that is a little aggressive on your part.
Posted on 6/8/08 at 11:35 am to TigerDog83
tigerdog83...thanks for your reply. I think im actually within 5 miles of messenger #1. Dont know if that helps. im sure it all depends on how that well goes.
TigerV, Do you have any information on North Natchitoches parish?
thanks again
TigerV, Do you have any information on North Natchitoches parish?
thanks again
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