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Another national article. LA Times
I believe the author of this article had a few posts on this thread a month or so ago.
I believe the author of this article had a few posts on this thread a month or so ago.
1
18,000' rigs
Seven 18,000' capable rigs coming to Haynesville shale be end of next year. As a participant in the southern end of the play, is it reasonable for me to expect these to be deployed in Natchitoches and Sabine?
Seven 18,000' capable rigs coming to Haynesville shale be end of next year. As a participant in the southern end of the play, is it reasonable for me to expect these to be deployed in Natchitoches and Sabine?
The expert's bio says his experience is with Oklahoma oil & gas. Here's the relevant portion of his advice (to a Louisiana questioner):
My understanding is that Louisiana law provisions are different. An unleased owner does not get a deemed lease. Instead, that owner gets treated essentially as a 100% working interest.
quote:
If you are instead referring to the forced pooling process; this basically means that you will be "leased" at terms dictated by the State; based on what they think is "fair." A pooling order generally is good for only one year or less, meaning that if they don't drill within the time specified in the pooling order, the order will expire and you will be free to lease again. If you are pooled, and there is production from the well that is drilled, you will be paid based on your election of one of the several options afforded you in the pooling order. If you ignore the pooling order, a choice will be made for you by the terms of the pooling order.
My understanding is that Louisiana law provisions are different. An unleased owner does not get a deemed lease. Instead, that owner gets treated essentially as a 100% working interest.
re: Haynesville Shale
Posted by 330ash on 6/24/08 at 8:49 pm to ShreveportTIGER318
JustBill, my family has some mineral acres on the fringe of this play. We would consider offers to sell these minerals. If you or any of your clients has any interest in details, please email me at injuredskier@yahoo.com.
It was presented as a good thing. My guess is that it indicates they're planning on starting the frac process, which requires alot of water.
More chatter on the Messenger well -- heard that they are getting ready to build fresh water ponds at the well site. Assume this would be for use in the frac process.
re: Haynesville Shale
Posted by 330ash on 6/19/08 at 4:03 pm to TigerDog83
Why do you think Encana is drilling on the same site as the ANR well? Are they looking to establish the boundary of the play?
re: Haynesville Shale
Posted by 330ash on 6/19/08 at 3:48 pm to TigerDog83
TigerDog (or anyone else), do you have any recent intel on Encana's Messenger well?
There has been some chatter on various boards indicating (a) they have drilled to nearly 10,000' and expect to wrap up the vertical in a few weeks, (b) 15 Nabors Drilling units will be coming to the immediate area, (c) Encana is about to put in pipe from the Messenger well to the new pipeline near hwy 1, (d) there was a 14,000' well drilled in the 80's at the Messenger site that had to be shut in because so much gas was coming out.
There has been some chatter on various boards indicating (a) they have drilled to nearly 10,000' and expect to wrap up the vertical in a few weeks, (b) 15 Nabors Drilling units will be coming to the immediate area, (c) Encana is about to put in pipe from the Messenger well to the new pipeline near hwy 1, (d) there was a 14,000' well drilled in the 80's at the Messenger site that had to be shut in because so much gas was coming out.
I have some questions regarding a hypothetical situation that could result from the 10-year rule.
In May 2000 Farmer bought a few hundred acres that may be in this play. Seller reserved 1/2 of the minerals. There has been no production, and neither Farmer's 1/2 nor Seller's 1/2 has been leased.
This situation obviously raises some issues of strategery for Farmer. Should Farmer try to negotiate with Seller to release his 1/2 to Farmer? Assuming Farmer's net acres are enough to block unitization, should he just wait out the 2 years?
I'd also be curious to hear anyone's thoughts as to how an E&P or a broker would deal with such a situation.
In May 2000 Farmer bought a few hundred acres that may be in this play. Seller reserved 1/2 of the minerals. There has been no production, and neither Farmer's 1/2 nor Seller's 1/2 has been leased.
This situation obviously raises some issues of strategery for Farmer. Should Farmer try to negotiate with Seller to release his 1/2 to Farmer? Assuming Farmer's net acres are enough to block unitization, should he just wait out the 2 years?
I'd also be curious to hear anyone's thoughts as to how an E&P or a broker would deal with such a situation.
BigBall, my family has some land in that township. Please email me at injuredskier@yahoo.com if you'd like to compare notes.
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