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re: Louisiana may get Rich again - Austin Chalk

Posted on 8/26/19 at 12:25 pm to
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139218 posts
Posted on 8/26/19 at 12:25 pm to
LA will find a way to frick it up
Posted by Butta
Zachary
Member since Dec 2012
320 posts
Posted on 8/26/19 at 12:32 pm to
quote:

Butta, just look at the Drilling Info website. It’s not hard to find that information.


thanks. I'll check it out.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
66493 posts
Posted on 8/26/19 at 1:42 pm to
If it's not permitted yet or at least in the process it wont be on there most likely.
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
40907 posts
Posted on 8/26/19 at 1:59 pm to
251809 17079205470000 Well Details Document Access S5683 AUS C RA SU80;CROWELL LM 30 H 002 01 06/26/2019 030 01S 01W 30.948061048 -92.515823115 -1 PERMITTED MASTERS CREEK 23590
251664 17037201600000 Well Details Document Access C298 AUS C RA SUA;JONES 001 01 04/16/2019 029 03S 03E 30.757496721 -90.926971526 -1 PERMITTED BLAIRSTOWN 21000
251769 17077206320000 Well Details Document Access P203 AUS C RA SUA;OLP LLC ETAL 001 01 06/11/2019 061 03S 08E 30.808177427 -91.626460847 -1 PERMITTED LACOUR 15924
251550 17091201620000 Well Details Document Access C298 AUS C RA SUA;SOTERRA 001 01 02/07/2019 005 04S 05E 30.733759183 -90.732129641 -1 PERMITTED BEAVER DAM CREEK, NORTHEAST 21000
251564 17009201980000 Well Details Document Access T2660 AUS RA SUXX;INDIGO MINERALS 001 01 02/17/2019 023 02S 05E 30.864355023999998 -91.93128842 01 PERMITTED BAYOU JACK, NORTH 15624


They are 5 current Austin Chalk permits in 5 different parishes. (Vernon, Point Coupee, East Feliciana, St. Helena and Avoyelles)
Posted by TigerDog83
Member since Oct 2005
8858 posts
Posted on 8/26/19 at 11:28 pm to
quote:

Waiting on results of COP’s Erwin and EOG’s ironwood wells. Ironwood was drilled in sixteen days which should help keep costs down. Flow back should be near a month on both.


Well, the Erwin just got posted. 30 barrels oil per day with an ocean of water. COP is gone from this acreage ASAP as they already plugged the next well before even finishing the lateral. Will be interesting to see Kirk barrel spin this one.
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/27/19 at 1:14 am to
quote:

busting their pick (oilfield lingo)


Been in the bidness for a very long time, and that’s a term I’ve never heard. Did you mean “play”?
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
24665 posts
Posted on 8/27/19 at 5:10 am to
quote:

Been in the bidness for a very long time, and that’s a term I’ve never heard. Did you mean “play”?


Ha Ha. Consider the old time hard rock gold miners looking to pull a few chunks of gold ore from the country rock. Busting their pick is not a good way to go about it. Fast forward to now where a company assembles a tract in a resource play where competition is fierce. A company puts up enough cash to corral 100,000 or more acres to assemble an economy of scale acreage tract. They drill one, two, three or five appraisal wells that produce water and minor oil cut or all water. That is "busting your pick" or drilling dusters, dry holes. It's not a good thing.

I heard it first many years ago after transferring from an offshore production office to an onshore tight gas sand office. A wiley Landman full of oilfield colloquialisms used the term when I heard it the first time. I laughed hard when I heard him say it. Fast forward to recently when I talked to a former colleague about his investing in a oil project in the mid-continent. He indicates most of their wells will never pay out and hence "they busted their pick" on the project. It is not a good thing.
Posted by 20 ton
BR
Member since Aug 2013
950 posts
Posted on 8/27/19 at 7:34 am to
Ouch There goes another dream. The $1000 per acre was the most I had heard of in this area. More than what I paid for the land in 85.

The TMS is still there but expensive. If the price of oil ever reaches $100 per barrel maybe my grand kids will make a few dollars. Hopefully the price of pine trees will be good closer to retirement. LOL

Guess I’ll keep looking for that next turn around.
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 8/27/19 at 7:35 am to
quote:

wiley Landman


Redundant.

quote:

hence "they busted their pick" on the project


I think you are hearing a p for a d.
Posted by Y.A. Tittle
Member since Sep 2003
111638 posts
Posted on 8/27/19 at 7:36 am to
North Baton Rouge stacked, St George not.
Posted by VernonPLSUfan
Leesville, La.
Member since Sep 2007
17964 posts
Posted on 8/27/19 at 8:03 am to
[quote]I can't wait for Billy Goat Hill to return to its prime! [/quote We coming.
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