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Started By
Message
re: Haynesville Shale
Posted on 5/16/08 at 10:08 am to GeneralLee
Posted on 5/16/08 at 10:08 am to GeneralLee
quote:
Where do you think the boundaries on economically profitable acreage on this formation lie?
It's going to take more drilling (And horizontal wells at that) before good limits are defined. Some of these companies are probably buying bad leases way out on the edges, especially to the North and East. To the south it just gets too deep to be economical right now (Into Natchitoches and Sabine Parishes). East Texas is relatively unknown as far as how wide the coverage is. Check out Petrohawk's website and presentations online. Chesapeake is keeping pretty tight with info.
2
Posted on 5/20/08 at 2:19 pm to TigerDog83
Yeah, the Times is doing there best to put a bad light on the companies that will be doing the work in the Haynesville shale. I don't think they realize (or don't care, because the evil oil and gas companies will be making money) that this has the potential to blow Cyber Command out of the water in terms of money brought into the Shreveport/Bossier City area.
Posted on 5/20/08 at 2:44 pm to GeneralLee
quote:
Where do you think the boundaries on economically profitable acreage on this formation lie?
I'm not sure about the outer boundaries, but land owners in Red River are getting close to $4000/acre. It's really pumping a lot of money into a very poor parish.
Posted on 5/20/08 at 4:08 pm to TigerNutwhack
I know that chesepeak has a lot of acreage in Sabine and De Soto parishes. I also heard the shell has reported a discovery in the area that has caused a spike in activity. Has anyone else heard about the shell well?
Posted on 5/20/08 at 5:20 pm to TigerV
Shell is drilling in Southern Desoto and Northern Sabine parishes. I heard they had a J/V with Encana covering 300,000 acres, but that might not be true. CHK has leases in South Caddo, South Bossier, Desoto, Sabine, South Webster, Southwest Bienville, and Red River, as well as parts of East Texas in Shelby, Panola, and Harrison counties. Having interests with several companies and being involved with this I can tell you that this will absolutely blow cyber command out of the water and probably be worth 100 times as much to the entire area, if not more.
This post was edited on 5/20/08 at 5:23 pm
Posted on 5/20/08 at 5:22 pm to TigerDog83
The first Shell well they drilled is the Olympia Minerals well in Sabine Parish. I heard the other day that this was the first serious effort onshore US for Shell in almost 30 years. That right there should tell anybody this play is for real.
Posted on 5/20/08 at 6:13 pm to TigerDog83
PetroHawk is buying large ads in the Shreveport Times and local mags begging people to invest money. It doesn't pass the smell test. Their main pitch is "You Can Trust Us." I've seen this before in wild cat wells.
Posted on 5/20/08 at 9:37 pm to Zach
quote:
PetroHawk is buying large ads in the Shreveport Times and local mags begging people to invest money. It doesn't pass the smell test. Their main pitch is "You Can Trust Us." I've seen this before in wild cat wells.
Those ads are to get lessors to sign leases with Petrohawk, not invest in the company. They could care less if the average joe wants to buy 50 shares of their stock, and if you think you are going to buy a working interest with them keep dreaming. CHK is running ads in the paper also. All the big companies do these things strictly to sign leases. In unconventional shale plays holding acreage is the key to success. Same kinds of things happened in Fort Worth with the Barnett Shale.
Posted on 5/21/08 at 3:44 pm to TigerDog83
FYI: Evangel HS was offered $10,000 an acre plus royalties
Just Sayin
Just Sayin
Posted on 5/21/08 at 5:17 pm to TigerDog83
quote:
Those ads are to get lessors to sign leases with Petrohawk, not invest in the company.
Why does one need to get an ad in a local paper to get a lessors to sign leases? It smells.
Posted on 5/21/08 at 9:40 pm to Zach
quote:
Why does one need to get an ad in a local paper to get a lessors to sign leases?
If Petrohawk, Devon, Shell, Chesapeake, or some other company knocks on your door and asks to lease your land and all offer basically the same lease terms, who do you sign with? I know someone who has had multiple companies offer leases and they have agreed to terms, but it took a lot of thought in who to sign with. Do you know what you would do? This is the reason for the advertising.
Posted on 5/22/08 at 10:57 pm to DandyPimp
I know someone on the board of the YMCA in shreveport and was told that they were offered 6000 an acre for the property that camp forbing is on plus royalties. I think they have like 50 acres there so that would be good for them
Posted on 5/23/08 at 7:09 am to TigerV
Sign with CHK, please :P
Posted on 5/23/08 at 8:32 am to igoringa
quote:Make sure get a 1/4 and at least $5000.00 per acre
Sign with CHK, please :P
Posted on 5/23/08 at 2:50 pm to La Place Mike
Does anyone know why it is called the Haynesville Shale? We own land around Haynesville but that is in northern Claiborne and all the activity seems to be much farther south.
Posted on 5/23/08 at 3:19 pm to Miami Tiger
quote:
Does anyone know why it is called the Haynesville Shale? We own land around Haynesville but that is in northern Claiborne and all the activity seems to be much farther south.
Formations in North LA are named usually by either who found them (Mcferrin, Justiss, and Ardis members of Cotton Valley formation for example) or where they were first encountered (Smackover, Rodessa, Haynesville, Cotton Valley, Hosston, etc). In this case, the formation is actually Bossier shale, but Chesapeake named the formation the Haynesville shale probably to enhance stock valuations and to differentiate it as a new formation. It is much different from the Haynesville sand produced around the LA/ARK state line since the 1980's, and the shale is not near you in northern Claiborne parish. The name is more indicative of where in the stratigraphic column the shale is found (Above the Smackover and below the Cotton Valley).
Posted on 5/24/08 at 2:58 pm to DandyPimp
It is having real affects on real people.
I know a lady that works in a bank in Minden.
Some regular working class guy came in this week and deposited a check for $800,000 from the Hayensville Shale.
That is real money around here. He could do something as simple as put it in a standard savings account and the interest would probably be right around his yearly income and very possibly more.
I think it is a great thing.
I know a lady that works in a bank in Minden.
Some regular working class guy came in this week and deposited a check for $800,000 from the Hayensville Shale.
That is real money around here. He could do something as simple as put it in a standard savings account and the interest would probably be right around his yearly income and very possibly more.
I think it is a great thing.
This post was edited on 5/24/08 at 3:02 pm
Posted on 5/26/08 at 2:39 pm to TigerDog83
quote:
In this case, the formation is actually Bossier shale, but Chesapeake named the formation the Haynesville shale probably to enhance stock valuations and to differentiate it as a new formation. It is much different from the Haynesville sand produced around the LA/ARK state line since the 1980's, and the shale is not near you in northern Claiborne parish. The name is more indicative of where in the stratigraphic column the shale is found (Above the Smackover and below the Cotton Valley).
Isn't the Bossier a downdip, marine facies? Is this what is causing all the excitement? And what age is this "Haynesville Sand", if you don't mind? I just found about this play this morning, and really don't know too much about it (yet). Thanks for your help.
Posted on 5/26/08 at 9:16 pm to beauthelab
quote:
Isn't the Bossier a downdip, marine facies? Is this what is causing all the excitement? And what age is this "Haynesville Sand", if you don't mind? I just found about this play this morning, and really don't know too much about it (yet). Thanks for your help.
The Bossier and Haynesville formations are both Jurassic in age (along with the Smackover and Cotton Valley) and are very hard to distinguish from each other, although many people consider the Bossier Shale to be above what is being called the Haynesville shale. The "Bossier" in East Texas is thought to be a deeper shelf marine sand deposit, and is yielding some huge wells in Robertson and Leon counties that are some of the most prolific in the United States. The Haynesville sand is located mainly along the La/Ark stateline (Stateline trend). This sand was heavily drilled in the 1980's and 1990's, and requires large fracture stimulations to be economic (formation is very tight with little permeability). The Haynesville shale is located much further south, and is a different formation from the Haynesville sand. Petrohawk has rescinded all offers north of Township 19 North to concentrate efforts futher south, and the shale is known to be located in Mid to Southern Caddo and Bossier, Desoto, Red River, Southwest Bienville, Northern Sabine, and Northern Natchitoches parishes along with some counties in East Texas. Anything else will be proven through extensive drilling. It is Jurassic in age as well. From surface to bottom the Cotton Valley is on top of the Bossier/Haynesville which is on top of the Smackover, which overlays the Louann salt.
Posted on 5/26/08 at 9:21 pm to TigerDog83
Over here in the Fort Worth area, we have the Barnett Shale. Our community organized with five other communities when we were offered $500 an acre and 3/16ths royalties. We formed a 320 acre half circle around the proposed drilling site and now their offer is up to $8500 an acre and 25% royalties. We're going to hold out until we hit around $14,000+ an acre. Other communities near us have organized and received up to $18,000 an acre and 26% royalties.
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