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gasman,
Smackover oil sounds good, a lateral maybe?
Guy's,
Could the company be thinking of re-entering this old well with a horizontal lateral in the Smackover? Could possibly make a high producing oil well. ( 15 fracs @ 150 bbl each = 2,250 bbl/day )
Maybe just wishful thinking on my part, maybe not.
Sounds like Jett Energy has been set up as Mainlands operating company.
From looking at these scout reports of this well it appears that that the Haynesville begins at 14,149' and ends at 14,594' (445' thk)
It also appears that they drilled straight through the Haynesville and concentrated their testing on the Smackover where they completed it as a oil well making around 200 bbl/day with no water and small amount of gas.
http://library.geology.deq.state.ms.us/energy/folder/wellfolder.aspx?api=2306120447
Doc,
Almost all oil and gas wells make some saltwater, some more than others. That is why there are separation facilities at the wellsite. Typically the salt water is collected in a holding tank and then trucked to an injection well.
The oil or condensate is also collected in holding tanks and hauled away by truck if there is not a pipeline nearby.
The gas has to go in a pipeline.
Occasionally you will see production from the well separated and metered at the wellsite and then put back in a pipeline going to a facility that can properly deal with it.
Bought a few at .11 myself.
I have been looking at companies in the "Aberta Bakken" with leases in Montana. Are you working in this play?
Merry Christmas to you and yours!
geopressure,
Thanks for your answer.
I think they will be looking at drilling new wells when gas prices recover (18-24 months).
As far as dodging info on the Miss. project, I think they are just waiting for more development on the project.
I think it will be a while before we get a reserves report on this one.
They should be hitting 22,000 FT any day now. What do you think of the possibility they will drill deeper than planned?
What do you mean?
Sorry to hear this. Please everyone, don't drink and drive. I learned my lesson the hard way some years back.
MERRY CHRISTMAS!!!
Anyone spoken with Peter Wilson lately? I am wondering what MCKE is doing with their new Mississippi leases.
Educational Material, particularly pay attention to paragraph 6.
http://oilandgas-investments.com/bulletins/energy101.pdf
Reply by Skip Peel- Independent Landman 11 hours ago
Report date 12/3/2010, 133 days drilling ahead @ 20,118'.
Geopressure,
Are you following Austin Chalk developements? It appears that our lease is in the Fairway. Pryme is just completing their well in Avoyelles parish LA and say they are expecting between 1500 and 3000 bbls oil per day and some gas.
http://clients.weblink.com.au/clients/pryme/article.asp?asx=PYM&view=6515435
http://oilshalegas.com/austinchalk.html
http://stocks.investopedia.com/stock-analysis/2010/bossier-shale-the-natural-gas-source-the-market-doesnt-need-hk-eog-dvn-gdp-xco-cxpo0823.aspx
EOG Resources (NYSE:EOG) also reported a successful Bossier Shale completion during the second quarter of 2010. The Red River 5#3H was drilled and completed in DeSoto Parish, Louisiana, and had initial production of 15.2 million cubic feet per day of natural gas.
During the quarterly earnings conference call, EOG Resources indicated that the company's other Bossier Shale wells were performing as expected, and "appear to be as good as our Haynesville wells."
EXCO Resources (NYSE:XCO) is active in the Bossier Shale and reported two well completions in DeSoto Parish, Louisiana, during the second quarter of 2010. The wells had initial production rates of 11 and 13 million cubic feet per day. Despite the decent initial production rates, EXCO Resources said that due to low returns, the company would not drill any other Bossier Shale wells in that area in 2010.
Some Interesting Reading On This Site.
http://oilshalegas.com/bossiershale.html
According to the charts 100' below the Cotton Valley puts the Bossier in our lease. Vertical wells in the Bossier in East Texas come in at similar rates as horizontal Haynesville wells in Louisiana. Remember that horizontal wells have multiple fractures in the pipe. That is the same as having multiple wells all flowing to one borehole. I've heard there are some big wells being made now in the Cotton Valley formation.
Reply by Skip Peel- Independent Landman 1 hour ago
Mainland Resources, Burkley-Phillips #1 reported 98 days drilling ahead @ 18,237' on 10-29-10.
I own SSN as well. They have a similar business plan, loads of cash, no debt and leases in Bakken and Niobrara shales the same as Sundance.
There is money to be made here. I bought KOG ( a bakken play ) at .36 and sold most of it near $4.00
Put the money in SSN, Sundance, DEJ and MNLU.
Who is your broker? Fidelity charged me $57.95 for a buy of SDCJF.
Premium between MNLU and AEXP is gone.
Got a few at .29 today.
Could have been doing some open hole wirelining ?
The Chevron well log he is referring to.
http://api.ning.com/files/GFXfFkqHX*xmRfFlXIDoTYSLPVsDH1ufMAEd1-*Brtsi7FkRYdU6tPRQPe79QpgWMLwadzEfM6GWg0Xp5N8xAyEaJ03M0hsT/chevron_well.pdf
From "Go Haynesville Shale" website.
Permalink Reply by Ray Broadbent 1 day ago
600,000 shares traded friday...5 times normal volume. This is extremely interesting.
Permalink Reply by Skip Peel- Independent Landman 14 hours ago
Why?? Mainland Resources, Burkley-Phillips #1 reported 91 days drilling ahead @ 17,875' on 10-22-10.
Permalink Reply by FXEF 14 hours ago
Skip,
Thanks for your reports. Only 72' last week, do you get any other status information that might explain the slow down.
Permalink Reply by Skip Peel- Independent Landman 11 hours ago
You're welcome. No, the preprietary report that I subscribe to only reports what I post. Details must come from company announcements. There are numerous possible reasons for only 72' in additional depth. Maybe one of our drillers can tells us how long a 17,800' pipe trip takes.
Permalink Reply by rusell shleby 9 hours ago
They spent the week setting pipe to enter the next formation. No drilling was done.
Permalink Reply by ShaleGeo 1 hour ago
This is the start of the section that Chevron had trouble with. You can refer to the log I posted earlier to see how long it took them to drill this section.
Jay
Worried me too much so I bailed on AEXP today. I will put the money in MNLU directly and maybe a little MCKE which I'm looking at.
The Deep Bossier in East Texas is giving up 20-30 with only 135 FT of pay. We have around 2500 FT so I am expecting more from this well.
Maybe it will be a "BIG" xmas present.
21 people
Leases are going for $950 an acre around our well. Check out the link.
http://www.resourceplay.com/leads/mississippi-haynesville-shale-royalty-interest-for-sale
Found this blurb in a magazine.
In western Mississippi, a potential Haynesville Shale prospect is being drilled by Mainland Resources in Jefferson County. The company spudded its 1 Burkley-Phillips in late July on its Buena Vista prospect. The vertical well has a projected total depth of 22,000 feet to test the Haynesville and potentially shallower productive zones. According to data received by Mainland, there is a gas zone at approximately 15,000 feet that had good porosity and mud log shows. There are three to four different Tuscaloosa oil zones between 13,000 feet and 14,000 feet that had good mud log shows and porosity. All the zones calculate to be potentially productive. This interval includes the Tuscaloosa Marine Shale, an oil-bearing shale in Louisiana and Mississippi with an estimate in place resource of 48 billion barrels of oil.
http://www.fwbog.com/index.php?page=article&article=259
MNLU has leased a lot of land around the well. We don't know where those leases are in reference to Bruxoil's properties.
My point is that oil and gas leases are for a fixed period of time unless a productive well is drilled then they are "held by production" until the well plays out.
Sounds like these guys don't have any production but want to keep the leases anyway. If MNLU is successful those leases will be valuable.
Sounds like these guys want a piece of the pie.
Do you know the outcome?
No mention of the Austin Chalk or Eagle Ford. They are in there somewhere.
No, POGLY has found something in the Austin Chalk at their present depth. That is why they are drilling horizontally now. Multiple fractures in the pay zone to maximize production.
MNLU'S primary objective is high pressure gas in a naturally fractured shale 2500 ft thick. ( 19,500 - 22'000 ft )
Secondary objectives would be all the other pay zones they drill through getting there.
Guys,
Check out MNLU. They are drilling a well across the river from you on their way to depth of 22,000 ft.
I think they are in the Austin Chalk as we speak. Their present depth is around 16,200 ft.
At present depth we should be very near the Austin Chalk. See map.
http://www.glossary.oilfield.slb.com/DisplayImage.cfm?ID=156
This is interesting. POGLY is drilling a horizontal well in the Austin Chalk that will be completed soon. See news release.
http://clients.weblink.com.au/clients/pryme/article.asp?asx=PYM&view=6506080
I don't know the answer.
From "Go Haynesville Shale" website.
http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?id=2117179%3ATopic%3A1397504&page=15#comments
by Bob Nies 12 hours ago
Skip,
Drilling below 16,200' on Thursday, some good news pending...