Tuscaloosa Marine Shale - Page 3 - TigerDroppings.com

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tigerpawl
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re: Tuscaloosa Marine Shale


quote:

I was leased way back in the gold rush days when they first found gas here in Pointe Coupee, but the nearest well was about 3 miles.
I've always wondered how to interpret distance from a producing tract as a measure of how likely it is for the surrounding area to get leased, and at what rates. In O&G speak, how far is 3 miles?? Is it right around the corner or is it light years away? How does the new horizontal technology affect this proximity issue??






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fishfighter
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Baton Rouge
Member since Apr 2008
18557 posts

re: Tuscaloosa Marine Shale


They block off surface areas. I forgot the size, but if I remember right, gas blocks are twice the size of oil blocks.

I did talk to someone today about there lease. People next to me and he told me that he is getting $175 for 3 years and 4th&5th year $75 each.

They limit the well to 22,000' for oil only.



This post was edited on 9/14 at 5:20 pm


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rmc
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Zachary, LA
Member since Sep 2004
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re: Tuscaloosa Marine Shale


quote:

I've talked to seveal land owners in the Eagle Ford and I've heard numbers from $2000 to $5000 per acre for unleased land near producing wells....


The thing about Eagle Ford area landowners is they really don't need the money as far as I can tell. These ranches are huge out here. Most of them are making money from cattle/other traditional ranch operations, hunting and O&G. Just rich people getting way richer.






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JWS3
Purdue Fan
Baton Rouge
Member since Jun 2008
2502 posts

re: Tuscaloosa Marine Shale


quote:

I've always wondered how to interpret distance from a producing tract as a measure of how likely it is for the surrounding area to get leased, and at what rates. In O&G speak, how far is 3 miles?? Is it right around the corner or is it light years away? How does the new horizontal technology affect this proximity issue??


Drilling units for natural gas in Louisiana are typically 640 acres, 1 square mile. Well bores within the unit must be at least 330ft from the unit boundrys. They will usually place the rig on one boundry and drill vertical then go horizonatal to the opposite boundry stopping 330 feet short. As far as when they drill your land, I wish I knew, I have property in one gas play, and every unit adjacent to mine has been drilled, but not mine.






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tigerpawl
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re: Tuscaloosa Marine Shale


TMS Potential Play Outline:



quote:

i have talked to some friends in the industry about the possibility of any drilling in St. Tammany.
"A similar geological environment exists in the TMS in Washington, St. Tammany, and southern Tangipahoa Parishes" LINK




This post was edited on 9/15 at 8:02 am


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TigerDog83
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Member since Oct 2005
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re: Tuscaloosa Marine Shale


quote:

Drilling units for natural gas in Louisiana are typically 640 acres, 1 square mile. Well bores within the unit must be at least 330ft from the unit boundrys. They will usually place the rig on one boundry and drill vertical then go horizonatal to the opposite boundry stopping 330 feet short. As far as when they drill your land, I wish I knew, I have property in one gas play, and every unit adjacent to mine has been drilled, but not mine.


North Louisiana has generally used 640 acre geographic units for all deep gas wells (Cotton Valley, Hosston/TP, Haynesville, and Smackover). Oil wells are often on smaller spacing dependent on depth. South Louisiana has mostly used geological units which follow the reservoir boundaries (interpreted) and can vary in size. These unit hearings are known for often being opposed because of their interpretive nature. The first Devon unit in Ethel is proposed as a 720 acre unit. I would assume these units would be more geographical in nature and would probably be some standard between 640 acres and 1280 depending on how long the laterals need to be and how the fractional sections near the Mississippi River come into play. What was interesting is in the Haynesville Shale companies got exemptions on the 330' distance from well bore to unit boundary line. They were allowed to drill past that as long as no perforations or stimulation occurred within 330' of the unit boundary line. This has allowed them to get a bit longer laterals and often drill the vertical leg from the adjacent section therefore maximizing horizontal exposure inside the 640 acres.



This post was edited on 9/15 at 8:09 am


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JWS3
Purdue Fan
Baton Rouge
Member since Jun 2008
2502 posts

re: Tuscaloosa Marine Shale


quote:

South Louisiana has mostly used geological units which follow the reservoir boundaries (interpreted) and can vary in size. These unit hearings are known for often being opposed because of their interpretive nature.


Besides not yet getting drilled in the Haynesville with all adjacent sections being already drilled, land I had in Acadia parish was ruled as outside of the oil reservoir after I had received royalties from the well. My luck in oil and gas is just not there!






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tigerpawl
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re: Tuscaloosa Marine Shale


Louisiana State Lease Results from 09-14-2011 (with $$ per acre and Royalty). LINK

Suggest you download and/or print since these links tend to expire....



This post was edited on 9/15 at 11:46 am


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Dr. 3
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Member since Mar 2005
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re: Tuscaloosa Marine Shale


This was all yesterday?

Im new to this. Can you explain the bonus and the lease per acre. Is that annual rental payments?






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fishfighter
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Baton Rouge
Member since Apr 2008
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re: Tuscaloosa Marine Shale


quote:

tigerpawl


Thanks for the heads up. I am going to hold out. I could use the moneys, but the way I look at it, it money I never had to loose in the first place. Everything around me is now leased. Last company that called wanted to put a well on my place. I will just wait and see.






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tigerpawl
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re: Tuscaloosa Marine Shale


quote:

Thanks for the heads up. I am going to hold out. I could use the moneys, but the way I look at it, it money I never had to loose in the first place. Everything around me is now leased. Last company that called wanted to put a well on my place. I will just wait and see.
It's just a crap shoot either way, but I figure the more [current] knowledge you have, the more power it gives you. Who knows what lurks in the inner sanctum of the Oil Companies and Land Men? If my hunch is right, those new lease holders will flip those leases to the oil companies and make a quick, tidy profit. I think one thing to remember is this: it's not what it's worth to them, it's what it's worth to you at whatever your circumstances are at that point in time. C'est la vie...



This post was edited on 9/15 at 2:05 pm


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TigerDog83
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Member since Oct 2005
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re: Tuscaloosa Marine Shale


quote:

Thanks for the heads up. I am going to hold out. I could use the moneys, but the way I look at it, it money I never had to loose in the first place. Everything around me is now leased. Last company that called wanted to put a well on my place. I will just wait and see.



If they contact you again you could always ask for a drilling commitment and maybe take a slightly lower up front bonus. You can ask for anything you want and it will either be agreeable or not agreeable to whoever is making you offers whether it's an operating company or a broker. Depending on how much property you have you can either hold out and hope that the play turns into a commercial success or you lease and take the risk out of the equation. If the play works your property will be much more valuable. If it is not successful then you are back at square one. There aren't any guarantees in the oil and gas business. It appears that you at least understand your situation and how you stand in the play if it can become viable.






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fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
18557 posts

re: Tuscaloosa Marine Shale


Like I said, I was in the first black gold rush here and I took the money then. This time I plan to hold out unless things change for the good.





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tigerpawl
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re: Tuscaloosa Marine Shale


RE: Lineaments & TMS Locations

On the subject of TMS Maps and how accurate they are in helping to determine the likelihood of activity on your landholdings, this guy seems to stay on top of things, IMHO. Most notable: "After many wells are drilled, this will be a map to revisit." I think it implies that these maps are dynamic and subject to change, especially in light of the new "sideways" drilling and all the new interest being generated in the post-Haynesville TMS.

I just wish I knew a little more about what goes in to the decision making process about where to locate a well...



This post was edited on 9/19 at 8:25 am


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tigerpawl
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re: Tuscaloosa Marine Shale


Fresh information on a new well being completed at the Avoyelles/St. Landry line. Well was begun in Avoyelles and then went horizontal into St. Landry for about 7,000 feet. The well is in the Austin Chalk which I understand to reside beneath the TMS. LINK

Estimated Potential: 753 BOPD

It's my impression that this is a fairly significant well (753 BOPD), but I also hear that Austin Chalk wells are notorious for dropping off quickly.






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fishfighter
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Baton Rouge
Member since Apr 2008
18557 posts

re: Tuscaloosa Marine Shale


Keep the info coming. I had a broker come knocking on my door today. Dude only wanted to pay $150 for 5 years. When I dropped some paperwork with a offer that was made to me, he shook his head and walked out after I told him I turn that down.





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tigerpawl
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re: Tuscaloosa Marine Shale


Houston company [Anadarko] applies for 13 oil well drilling units near Odenburg [Avoyelles/St. Landry]

Looks like things are heating up a bit in the Avoyelles/St. Landry area. A new horizontal well was recently completed by Anadarko in that area (Dominique #27) with Initial Production of 753bopd but also had high levels of water (1,400bwpd).

"This is the largest number of units so far which have been applied for as drilling begins in what may be an oil boom for Avoyelles Parish."

"The land grab continues heavily in the southeastern part of the parish as at least one oil company is actively leasing minerals from landowners at as much as $350 an acre sign up bonus and a 20 percent royalty."






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Athanatos
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Baton Rouge
Member since Sep 2010
6458 posts

re: Tuscaloosa Marine Shale


EUR isn't a rate so it will never be in anything per day.





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Pierre
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Baton Rouge
Member since Nov 2005
4044 posts

re: Tuscaloosa Marine Shale


What is a good ratio of barrels per day to barrels per day of water needing to be disposed?

Avoyelles Today

quote:

The first two wells have been completed in the search for minerals in the Austin Chalk formation deep below Avoyelles. Early reports indicate that first of the wells, near Dupont, came in producing about 250 barrels a day, and the second, below Goudeau, is producing about 723 barrels a day, with 1400 barrels of water a day which must be disposed of.






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tigerpawl
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Member since Dec 2003
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re: Tuscaloosa Marine Shale


Another well completed in Northern St. Landry Parish on SEP19 LINK

2184 BOPD; 6795 MCFD; 3276 BWPD Not too shabby....






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