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re: Tuscaloosa Marine Shale
Posted on 9/14/11 at 5:10 pm to fishfighter
Posted on 9/14/11 at 5:10 pm to fishfighter
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??
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.
2
Posted on 9/14/11 at 5:19 pm to tigerpawl
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.
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 9/14/11 at 5:20 pm
Posted on 9/15/11 at 1:03 am to tigerpawl
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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