From what I've heard they believe the field covers the south half of Caddo & Bossier, most of Desoto, and parts of Red River, Webster, and East Texas. But like I said there have only been 3 or 4 Haynesville wells drilled so its hard to say exactly what the field boundries are.
nad,
I did some work out there, and the wells produced like wildfire, for about 2 months, then pretty much shut down. I think they've put a hold on that field until they can figure it out.
Yeah, looks from Hwy. 165 like all drilling activity has stopped. Samson http://www.samson.com/index.html is still in the process of getting some 5,000+ acre units permitted on up into southern Ouachita parish. Tell me, splicer; what are they doing with the water they are pumping out of the coal seam ??
And from what I understand if they do not drill or no royalties paid within 3 years (or whatever your contract states), the lease reverts back to the landowner, and they have to lease it again...MORE STUPID $$$$. However, the royalties are where it is at as stated by several of you.
nad,
I don't know, I wasn't on that end of it. I was just a lowly field tech for an instrumentation company.
I understand that there is not a single well yet producing in this zone. Isn't this the same play that eventually killed Crystal 20 years go?
I'm an asshole! What's your excuse?
http://sonlite.dnr.state.la.us/sundo...2?p_wsn=235919
This is the Well that got Chesapeake giddy like a little girl.
As memory serves, it was the Gray Sand. They found it in Jackson Parish and spent tons on it but couldn't get it to come on line. Two or three years ago, Anadarko went back to the area and used new frac techniques. They had a run of nearly a year where they brought in well after well at 10+ mmscfd.
Surprising that everyone is jumping up and down about the Haynesville Shale when the Gray Sand is known to be money. Gray Sand wells in Lincoln, sourth east Claiborne, and Webster. Though not as good as Jackson, most are coming in at 3.0+ mmscfd and good pressure. That's very good when most folks think a 1.0 to 1.5 mmscfd well is a very good well.
It amazes me the amount of money companies are paying for land. In Burleson (near Fort Worth) a record deal was made with Chesapeake buying land at 27,200 / acre with a 25.25% royalty payment going to the landowners. It appeared that there were 2 groups that were holding the land of more than 2000 acres. XTO was only offering 22,000 / acre with same royalty percentages. WOW
The Barnett is easy to drill. We're drilling them in about 18 days, and there are no complications like high-pressure gas or sticky formations. That's part of why they like it so much. I hope my company moves into the Haynesville. Then I can work 1.5 hours from the house, instead of 4-5.
I'm not terribly greedy, I just wish I owned about 50 -100 acres around there
It should be interesting. I'm assuming these will be horizontal wells and frac-ed similar to they way they do it in the Barnett. I bet these new Haynesville wells will produce for a very long time especially when you consider all the show zones that you see in north La drilling.
Talked to some farmer-friends of the family this weekend. The two brothers own a little over 1,100 acres just ouside of Belcher. They just signed a deal that leases all of their property for $4,000 an acre! This doesn't include the royalties they should receive if the wells produce.
“Towie Barclay of the Glen, Happy to the maids, But never to the men.”