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Message
Posted on 1/18/12 at 12:10 am to gonads&strife
I was listening to an earnings call for a company I'm researching and one of the guys (CEO COO etc) mentioned that companies use different chokes and thus have different amounts of pressure. An analyst was basically asking him if he thought the IP rate for a particular well would be comparable to another public co well drilled in the vicinity and he effectively said "they're making it look better than it might be, we're just trying to be conservative."
Posted on 1/27/12 at 1:33 am to gonads&strife
I have been following a thread on GoHaynesville and there have suspect members trying to throw cold water on TMS activity just as here on this thread. A gentleman by the name of John Parker has gotten in on the conversation. I have pasted Mr Parker's last post and I believe you landowners will be enlightened by what he has to say!
------------------------------------------------
Mr. Steve: "what rumored sudden change in drilling plans" does Encana have?
I had a personal conversation with a good friend of mine who is the Chief Landman of a leasing crew that has been up in South West Arkansas for 2 years in the Dense Brown working for SW and that effort is now finished. Per our conversation, he told me Encana had been begging him very hard this week to come on down to Wilkinson and Amite Counties as they want to lease "everything" that is remaining unleased in these counties. (He is not going to because he got a better gig, about 45 miles from his house and after 2 years a long way from home you can understand.)
He is a straight up guy and his conversation with me does not sound to me like there is any problem at all.
What that clearly tells me is "that the sudden change in the drilling plan" must be many more drilling rigs ramping up drilling in these areas. Encana already has in excess of 250,000 acres which is a ton of drilling pads that will keep them busy for many years. Why on earth would they want more ("everything left") unless they are really excited on the results they are seeing thus far.
Furthemore, just look at all of the many new drilling permits Encana has obtained just recently, combined with their last weeks 3 large "forced intergration" petitions the Mississippi O & G Board granted to them. These easily confirmed actions combined with my "hearsay" conversation with a know trusted friend who has been a landman for over 16 years, does not indicate to me their is any problem whatsoever, if fact, just the opposite.
John
Also, another one of Mr Parker's post:
[i]Ladies and Gentlemen:
As Paul Harvey used to say "Now heres the rest of the story" The attached LA DNR Operators Production Report shows that Encana reported 6,268 Barrels of oil produced in November for the Weyerhauser 73 H. Assuming the completion was complete at 1.00 AM in the morning it would be 9 days of production which equates to 696 Barrels Of Oil Per Day or if it was completed late in the evening on the 22nd it would be 8 days of production which would be 784 Barrels Of Oil Per Day.
Please keep in mind that during these first days of production, the oil has to compete with the flowback water to exit the choke. Decembers production numbers should be much higher, assuming Encana doesn't choke back or shut the well down in an effort to suppress higher Lease Bonus and and better Royalty/Lease Terms.
The GoHaynesville site and members are doing an excellent job and informing all involved with critical information regarding these matters. Keep up the Great Work.
Thanks and Good Luck to All
John
GoHaynesville / Tuscaloosa Marine Shale
------------------------------------------------
Mr. Steve: "what rumored sudden change in drilling plans" does Encana have?
I had a personal conversation with a good friend of mine who is the Chief Landman of a leasing crew that has been up in South West Arkansas for 2 years in the Dense Brown working for SW and that effort is now finished. Per our conversation, he told me Encana had been begging him very hard this week to come on down to Wilkinson and Amite Counties as they want to lease "everything" that is remaining unleased in these counties. (He is not going to because he got a better gig, about 45 miles from his house and after 2 years a long way from home you can understand.)
He is a straight up guy and his conversation with me does not sound to me like there is any problem at all.
What that clearly tells me is "that the sudden change in the drilling plan" must be many more drilling rigs ramping up drilling in these areas. Encana already has in excess of 250,000 acres which is a ton of drilling pads that will keep them busy for many years. Why on earth would they want more ("everything left") unless they are really excited on the results they are seeing thus far.
Furthemore, just look at all of the many new drilling permits Encana has obtained just recently, combined with their last weeks 3 large "forced intergration" petitions the Mississippi O & G Board granted to them. These easily confirmed actions combined with my "hearsay" conversation with a know trusted friend who has been a landman for over 16 years, does not indicate to me their is any problem whatsoever, if fact, just the opposite.
John
Also, another one of Mr Parker's post:
[i]Ladies and Gentlemen:
As Paul Harvey used to say "Now heres the rest of the story" The attached LA DNR Operators Production Report shows that Encana reported 6,268 Barrels of oil produced in November for the Weyerhauser 73 H. Assuming the completion was complete at 1.00 AM in the morning it would be 9 days of production which equates to 696 Barrels Of Oil Per Day or if it was completed late in the evening on the 22nd it would be 8 days of production which would be 784 Barrels Of Oil Per Day.
Please keep in mind that during these first days of production, the oil has to compete with the flowback water to exit the choke. Decembers production numbers should be much higher, assuming Encana doesn't choke back or shut the well down in an effort to suppress higher Lease Bonus and and better Royalty/Lease Terms.
The GoHaynesville site and members are doing an excellent job and informing all involved with critical information regarding these matters. Keep up the Great Work.
Thanks and Good Luck to All
John
GoHaynesville / Tuscaloosa Marine Shale
This post was edited on 1/27/12 at 1:56 am
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