Oil & gas discussion group for those interested in Tuscaloosa Marine Shale. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
What’s with the 2 year renewable at a lower rate? We just got offered that also and I’m not sure we’re going to go with it.
original offer was 3/16 and 150 and acre for 3 years with 3 year renewable for 3 years counter offer was 1/4 down to the wilcox and 1/5 after that with 200 and acre for 3 years and 150 renewable for 2 years instead of 3 years
IN CASE YOU HAVEN"T SEEN THIS.............WELL TEST RESULTS
Bob
Official: Test results encouraging from shale
Posted on December 16, 2011 at 6:50 am by Associated Press in Fracking, Natural Gas, Shale
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BATON ROUGE, La. — Energy companies are reporting encouraging test results from the Tuscaloosa Marine Shale across the span of central Louisiana, the state’s natural resources chief says.
According to The Advocate, Devon Energy Corp. has reported an initial test of 120 barrels a day in its first completed horizontal well in East Feliciana Parish. Indigo Minerals LLC has reported that its Rapides Parish well’s initial production was 540 barrels a day.
Department of Natural Resources Secretary Scott Angelle said there is more work to be done to determine how far petroleum explorers will go with investments.
Amelia Resources LLC president Kirk Barrell said 10 to 20 wells will be needed before the industry can best determine how to produce in the formation. The shale spans the central part of the state. Researchers have said it may contain as much as 7 billion barrels of oil.
Companies will need to determine how many stages of a process called hydraulic fracturing, or fracking, are needed and how best to perform that task, Barrell said. In fracking, drillers force millions of gallons of water, sand and chemicals under high pressure into the formations to make cracks in the shale. The sand props the cracks open, releasing the oil.
The process has been questioned by environmentalists who fear groundwater contamination.
While a well’s initial production rate is important, another key to measuring performance is the first year of the well’s production, Barrell said.
In general, a shale well’s production drops 70 percent to 80 percent over the first 12 months, Barrell said. The bulk of the well’s production occurs during the first two to three years of operation.
Indigo Minerals and Devon have each leased more than 240,000 acres in the formation.
Devon recently reported that it is near the target depth on another Tuscaloosa Marine Shale well in Tangipahoa Parish, and the company has obtained permits for two wells in the formation in East Feliciana Parish.
Encana Corp., one of the major players in north Louisiana’s Haynesville Shale natural gas formation, also announced it has reached target depth on a horizontal Tuscaloosa Marine Shale well in St. Helena Parish. But Encana has not yet reported initial production figures.
Does anyone know anything about this company?
Array Operating, LLC (A.K.A.: E-Operating)
| Vidalia, Lousiana |
Friends,
This article, in case you haven’t seen it, is part of the “big” picture relative to where our country is heading in quest for energy independence and in flight from its dependence on foreign oil. Isn’t that exciting that we are finally heading away from the Middle East and spending those daily billions locally? What’s even more exciting is that we, in the Tuscaloosa Marine Shale, are part of that “big” picture. Hopefully, everyone involved in this whole process will prosper.
Get everything that you can out of this major event, perhaps a once in a lifetime opportunity!
Eagle Ford oil production to grow to 421,000 BPD by 2015
Posted on January 27, 2012 at 6:36 am by Bloomberg in Natural Gas
Oil production from the Eagle Ford formation in Texas will increase to 421,000 barrels a day by 2015, said John O’Shea, chief executive officer of Tradition Midstream LLC.
“This crude is coming on like gangbusters,” O’Shea said during a talk at the Argus Americas Crude Summit in Houston. “Domestic crude is going to displace imports over the next decade.”
North American oil supply will grow 1.7 percent annually over the next 25 years and imported crude could fall 47 percent in 2012, according to O’Shea.
Friends,
If you really want to know if there is leasing going on in your parish or county, there's no better way than to pay a short visit to your Chancery Clerk's office at your local Courthouse and you will find out very quickly whether or not there is anything going on in your area.
I'll bet that there is plenty going on if you live or own property in the Tuscaloosa Marine Shale area. Amite County is one of the "hot" ones.
What's going on here folks is very simalar to what happened at Orlando FL in the mid 1970's when Disney was buying up land, in small chunks, using multiple real estate agencies, at distressed prices until they had filled their needs and then announcing their building of Disney World!
You not going to hear much about this fabulous discovery until the land is nearly all leased.
This is exactly what has happened across central Lousiana over the past two years when companies like Devon, Densbury, Amelia, Indigo and scores of others have been working daily to accumulate leases for $175 to $185/acre. These leases, containg in excess of 2.5 million acres have been recently sold to the Chinese, French and other governments and foreign companies for $5,000 per acre PLUS other extremely valuable considerations. Wow! Huh?
The landmen started six months or more ago moving into Mississippi, the last of the unleased mineral rights. They work the land quietly, methodically and with well organized mapped out plans. Its not unusual to see a team of 8-12 landsmen from one leasing company working out of one courthouse.
When you go to the courthouse you can chat with any of these landmen. They will be happy to talk to you. Talk to as many as possible!
Don't give your land away, friend, to some oil company in order for them to make a fortune from it. Share it with them!
We had so many landmen working out of one of our nearby courthouses that there nearly was a riot and the sheriff's deparment had to be called in.
Be vigilant, smart and move quickly or very slowly depending on what your instincts tell you...Good luck!
Bob Buie Sr
New Fracking Product ...Great News to combat the EPA
The EPA has approved a new pH neutral fracking solution that is "Green" friendly. It sounds like this could be the solution to one of the major environmental problems threatening the path to energy independence
........and to our POCKETBOOK!!!
According to Devon Energy? The Tuscaloosa Marine Oil Shale is producing comercial rates of oil. They are reporting on there website, under the column news (04,04,2012) (Devon Energy Analyst Day 2012), 1st month, comercial rates: 700-900, barrels of oil per day. According to their overview report released today.
Promising Results from Goodrich: http://phx.corporate-ir.net/phoenix.zhtml?c=83169&p=irol-newsArticle&ID=1698919&highlight=
I've read theories that the formation might extend as far East as Alabama. Is there any indication that it might extend South as far as Hancock County MS ?
Can anyone tell me what is a Notice of claimed Minerals by limitations.
I own a partial interest in 151acres and some of the other owners have already leased. Does the oil company have to have all 100% leased before they can drill on any of this land? Also if their lease was for a small amount will that pretty much determine what I can get on my lease? I've read stories of leases in the thousands in other plays, paid because as one writer put it the oil company had to to complete a block or unit. Is my partial interest enough to cause them to agree to a much higher price if I hold out for it?
My Name is Tommy C Robinson. I recently inherited 25 acres of land in Wayne County Mississippi from my grandfather, Tommie Robinson. He left a total of 35 acres. The other 10 will go to my cousin. Right now it is still in probate until June. The location is at Section 1. Township 6, North, Range 9, West (near the S. Thompson Creek Feld) in Wayne County MS. I found papers in my grandfather's things that indicated that Shell Oil had leased the land back in 1957. I am interested in leasing this land and would love to see a rig go up for gas or oil. I’m not sure if a company is leasing land in this area at this time. I would appreciate a response.
Good Day everyone,
Robert here.
I own 61+ acres in St Helena Parish Kentwood La.
Section 38,T1S-R63
Looking to lease any comments.
Awaiting calls on offers to buy rights in St. Helena but have not got a response one family member was contacted.
Any word on the Pintard 28h-1 and the possible drilling of the Pintard 28H-2
Any opinion of interest about mexican gas and oil private land oportunities of leasing, buying or partner.