Posted in the Comment section by Jamie:
We have two pieces of property in the Slagle area, Vernon Parish. On the first piece (40 acres) a rep from a company contacted parents by mistake and left message to call if interested. They made contact again on the second piece (25 acres) two weeks ago, different person but same company. They made a tentative offer of 125.00 an acre with 1/5 royalties. This offer was only for the second piece and stated the first piece was in a different area handled by a another rep. Came back and made a lower offer of 100.00 an acre with same royalties. We have not leased. Would like to hear more about the drilling in Vernon. Was it not successful?
Anadarko has completed two well in Vernon Parish in the last 6 months or so. One is producing +/- 100 bbls per day the other 500 bbls or so a day. They are spudding another presently. There is another well that was completed early this year but we can't get info on - the company won't release the data. That is the Indigo -Bentley Lumber well. We've about figured out that that well may be an Eagleford well.
I won't tell you to either lease or not to or what to lease for. You and your family have to make that decision. I have been told both here on this siteand in personto take my time. I was told in person by ageologist at one of the pre-app conferences to not give my lease away. He said that a hundred dollars an acre would not cut it in the Chalk and TMS. That's the plays that we are looking at in my area. His remark was a direct statement to me and was notsolicited. However, I have no idea what we are possibility looking at as far as a realistic bonus is concerned. From what I can ascertain a lot of people in the industry seem to think that this is just getting started and that it may be best to wait if we can. That is strictly up to you and your family though.
Who is the leasing company and who are they leasing for? Also, watch the State lease sales. That may give you a pretty good idea what is being paid in your area for bonuses on State property.
You guys from Vernon parish seen this?
This just in - not sure if previously mentioned
Austin Chalk is being spoked! Glad to see at least some activity.
No link to the Well File? Come on, david. Make it easy for us. LOL! This is an Anadarko well. You know APC doesn't know how to drill and complete an Austin Chalk well! LOL! Seriously, all LOL aside, it is a very, very good well. Hope it's yours!
I clicked the 10245071 and it came up for me. This well is producing considerable condensate and gas.
Correct, John. My apologies david. This might be a good point to mention that once monthly production is reported to the state and entered into the database, the condensate will be listed under "Oil". The state arbitrarily lumps all liquid production under the oil heading. Therefore there are two reporting categories, Oil and Gas.
Who permited it?
Yuma E&P. There was an assignment into them a few months ago on a good bit of the HBP stuff in several parishes. Maybe Yuma can light this chalk fuse?
Not that I have heard of, Alicia. There was a state auction tract just to the south on the Sabine-Vernon line recently but it did not draw any bids. Further south into Vernon there are sporadic reports of leasing and there have been some tracts in monthly auctions that have received successful bids. The last time I checked the Zap Minerals well it was still a temporary plug & abandon. In southern Vernon there is a fair amount of development activity that is in the Wilcox zones.
Unless Jay drilled that one too, we will need a location by section-township-range or the well name and operator. I keep my boat at Pirate's so I know where Kites is located. A little help with additional information would certainly save me some time and help get you an accurate reply.
Alicia, there is a section. A township. And a range. All are required to complete a location description. It would be written something like this: S14 -4N - 12W. Kites is located in Township 4N - Range 12W. Regardless of the correct section number, there are no producing wells in the township. The few wells listed are all dry and plugged or plugged and abandoned.
There was some talk about EOG drilling a TMS well on Indigo property about a mile North of the intersection of Hwy 8 & Hwy 28 East of Leesville.
They formed a TMS unit at Fort Polk, if that's different from the location you're referring to.
Thats the one.
Its all dependent on faulting. If you have major faulting then you can have as you put it the "motherload". Its seems that there is good faulting along the shelf as the formation "broke" over the Continental shelf. In other areas you have synclines and anticlines that form a fracture system. Those fractures can hold a lot of oil in Austin Chalk and be very productive with both a vertical or horz. well. I think that is what they are looking at in MS with the current drilling.
Sonris 10-23-13 Yuma posted the IP on their AUS C RA SUB Crosby 1000 BOPB and 2000 MCFD in Section 12-T2S-R7W. Way to go Yuma.
Glad to hear someone else is doing well in the Austin Chalk. Could be a big potential there that is not being explored to its fullest.
Yuma updated the IP for the AUS C RA SUB Crosby to 430 BOPD and 1736 MCFD.
It looks like it has a pretty good gas drive. Has the well stabilized at that production rate?
Joe within a few days of the original IP Yuma said that they had made a mistake in the first IP and removed the figures of production. This IP, I guess would be the one to base the original IP on.
The best producing AC well thru 1/2014 and its dual lateral design.
I have not been following AC that much lately. Sounds like there is still some interest in the trend. Hope they get a GREAT well.
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