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Started By
Message
re: Mississippi, Louisiana border verging on an oil boom
Posted on 4/22/14 at 8:00 am to ragincajun03
Posted on 4/22/14 at 8:00 am to ragincajun03
quote:
Exactly. Dumbasses. Oil field trash paying state income taxes and buying shite is a big reason our state kept upright during the 08-'09 economic nosedive.
I still don't see the need to defend oilfield "trash". I make a good living in the oilfield. I am not trash. I will still talk down about oilfield trash until they are no longer trashy. Just because one accepts it and has enough money to pay for a decal on their new truck that says oilfield trash, does not mean its suddenly okay since he's paying taxes. They are still trashy and a blight on society.
1
Posted on 4/22/14 at 8:01 am to Salmon
quote:
I think my Dad has been waiting on someone to put a well on his land for 5 years now nothing yet
Year from now rig count could be up around 20 horizontal drilling rigs between kentwood & woodville. Year from now drilling should speed up also. When they get it down to 30 days per well, look out. Not to mention the money made on the service side. 3-4 years so enjoy it.
Posted on 4/22/14 at 8:01 am to FelicianaTigerfan
quote:
Floyd Wilson with Halcon says its a lot like the Eagle Ford.
quote:
cost of wells are high around 15 million
It costs about half that to drill a well in the Eagle Ford
Posted on 4/22/14 at 8:02 am to BottomlandBrew
quote:
FYI, that is the southern hills aquifer recharge zone. Southern Hills aquifer being where BR gets its water from. I'm not saying fracking is the devil, but I am saying that all activities above and below ground in a vital aquifer recharge zone should be carefully thought out.
The hydrocarbon zone is much deeper then the aquifer and there are impermeable layers that separate the two.
Fracking has been going on safely for decades
Posted on 4/22/14 at 8:06 am to Nado Jenkins83
quote:
Get a bad cement job on your upper casing and that's when you have damage to the water table
Last time I looked the state required surface casing to be set to a minimum depth of 2,800' in that area. That contrasts to 1,800' in much of the rest of the state. If the surface string won't test after getting returns to surface the well would probably be required to be squeezed or plugged. You know as well as I do that a bad cement job is bound to happen but the problem should be discovered.
Posted on 4/22/14 at 8:09 am to MillerMan
quote:
cost of wells are high around 15 million
So if a well goes on your land, I would think there would be a good turn out. That is a lot of money to be just guessing.
not only mineral rights but I hear water has to be brought in. If it can be piped in from a neighboring water source (not river, EPA) money can be made. I was told they will reach out a good ways to get their water. Is this true on how water is brought in?
Posted on 4/22/14 at 8:11 am to theBeard
quote:
A family friend had a company lease acreage in north LA just south of shreve for what he "said" was 20k an acre. I assume that was true no way to really confirm.
If around '07 to just before the '08 meltdown, very likely true. Chesapeake ran the bidding on some tracts up as high as 30k per ac.
Companies now are drilling wells, hardly making any payout, just to keep those expensive leases HBP so they can still have those mineral rights on active lease when natural gas prices climb back up.
Posted on 4/22/14 at 8:16 am to Crawdaddy
They will likely need tens of thousands of barrels of water per well between drilling and completions (including fracking). If you own a water well and/or station within reasonable distance, there's money to be made.
Depending on costs and how much pressure they can get from a well source, they will either truck the water in or lay water lines up to the frack tank.
Out in New Mexico, middle of Permian Basin, that's how people are making money. The State and BLM own about 70-80 percent of the minerals and the surface out in the two hot counties. However, if you own water rights and a couple good water wells, you can make a killing that way.
Depending on costs and how much pressure they can get from a well source, they will either truck the water in or lay water lines up to the frack tank.
Out in New Mexico, middle of Permian Basin, that's how people are making money. The State and BLM own about 70-80 percent of the minerals and the surface out in the two hot counties. However, if you own water rights and a couple good water wells, you can make a killing that way.
Posted on 4/22/14 at 8:20 am to Crawdaddy
Well cost have been around 15m but they are getting that down at a steady rate. "Core" areas are said to have around 3000+/- barrels per acre.
About the water... I know of one well where they drilled water wells and dug a water tank. They told the land owner that they would sell the water pumped from the well and tank to other wells and he would make royalties from that also.
About the water... I know of one well where they drilled water wells and dug a water tank. They told the land owner that they would sell the water pumped from the well and tank to other wells and he would make royalties from that also.
Posted on 4/22/14 at 8:24 am to mylsuhat
quote:
The hydrocarbon zone is much deeper then the aquifer and there are impermeable layers that separate the two.
Fracking has been going on safely for decades
It's not just about the fracking. Surface hydrology can be disrupted and aquifer drawdown can occur due to increased pumping of the aquifer. BR is already pretty close to having their portion of the aquifer disrupted due to salt water intrusion from the south. Anything we can do to limit detrimental effects to the recharge area should be considered. I understand the need for fracking. I'd be saying the same thing about protecting the recharge zone if any big business or big settlement of people in the area took place. A short-sighted money and land grab can have huge effects down the road.
Posted on 4/22/14 at 8:24 am to ragincajun03
quote:Yep. Large land owner that we have worked for in the past turned down $30k/acre for a 1200 acre tract b/c he thought he could get more. They came back a few weeks later with another offer and the highest they would go was $8k/acre. How do you turn down $36 Million? And that's before royalties
If around '07 to just before the '08 meltdown, very likely true. Chesapeake ran the bidding on some tracts up as high as 30k per ac.
Posted on 4/22/14 at 8:25 am to TigerDog83
quote:
Last time I looked the state required surface casing to be set to a minimum depth of 2,800' in that area. That contrasts to 1,800' in much of the rest of the state. If the surface string won't test after getting returns to surface the well would probably be required to be squeezed or plugged. You know as well as I do that a bad cement job is bound to happen but the problem should be discovered
I did not know we had enforced that deep of a surface casing set.
We are doing a lot of work in Ohio right now and there aren't many state rules. Its like the wild west with people fracing within 500' of a lease line. Which is their only rule right now.
Posted on 4/22/14 at 8:30 am to FelicianaTigerfan
quote:
About the water... I know of one well where they drilled water wells and dug a water tank. They told the land owner that they would sell the water pumped from the well and tank to other wells and he would make royalties from that also.
Does the standard South Louisiana lease form (Bath 6) or North LA form specifically grant the right to drill a water well, or is it implied as part of operations? I know it specifies the right to dispose of produced water.
Posted on 4/22/14 at 8:30 am to ForeverLSU02
quote:
How do you turn down $36 Million?
OT Baller
Posted on 4/22/14 at 8:32 am to ragincajun03
quote:The only thing I can figure is that he was already filthy rich to turn something like that down
OT Baller
Posted on 4/22/14 at 8:38 am to ForeverLSU02
Well...if he took the 8k/ac. offer, then he still make out with $9.6 Mil before taxes. I'd take that any day of the week, wouldn't even think twice if maybe someone down the road is getting $10k/ac.
Posted on 4/22/14 at 8:59 am to ragincajun03
quote:
Does the standard South Louisiana lease form (Bath 6) or North LA form specifically grant the right to drill a water well, or is it implied as part of operations? I know it specifies the right to dispose of produced water.
Not real sure. This particular one is in Miss. The landowner actually went out and told them they dug a pond in the wrong spot cause it wont catch any water shed from the rain.
I believe the Murphy well in W.Fel pumped water from Bayou Sara
Posted on 4/22/14 at 9:30 am to TigersOfGeauxld
Got land in the Arkansas shale. Hoping for millionaire status someday. Right after I become an astronaut.
Posted on 4/22/14 at 9:43 am to TigersOfGeauxld
All of south la is big right now. People are just running title and section on stuff to see if things are in proper order, st. Martin Parrish is hot right now.
Posted on 4/22/14 at 10:15 am to KG6
Hey KG can you get me a job in the oil field business? I'm dead serious!
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