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Fayette County, TX - Oil & Gas Lease
Keywords: Eagle Ford Shale, Fayette County TX, Schulenburg TX, Texas, lease negotiation, market value, mineral rights, time
Replies to This Discussion
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Permalink Reply by Guillermo Guerra -
Baker Hughes Rig Count for Texas Dist. 2
May 4 May 11 May 18 May 25 May AVG
85 100 103 103 100
http://files.shareholder.com/downloads/BHI/1890826484x0x571985/385F...
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Permalink Reply by patrick
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All you have to do is go to the RRC and look for your selve and you can see the decline curves on these wells. It appears ,that these oil folks approach was, lease the land we will figure out how to make it profitable . As of to date they are still trying to figure it out ,ie betting on future technlogy break throughs ,closer spacing ,etc,etc,. Currently their strategy is to drill a well and hope it produces enough early on to pay the drilling cost and everything after that is profit . As it relates to drilling ,one can only hope the new arrivals in our area come up on the learning curve post haste ,before they decide to through in the towel.
Praha Native said:Just to be curious...lately as GG said, talk on this forum has been all about how terrible the decline rates are on the EF wells and about how these wells are not gushers or mass producers...away from this forum, all you hear about is how well the wells are doing...and to add to that, drilling hasn't stopped. It seems strange to me that if these wells were so "bad" as far as production goes, then why keep drilling? Why spend the millions of dollars to drill? I agree with GG. Do you have an answer to these questions Mike?
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Permalink Reply by Seth
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Will the boom bring any actual houses, too?"
http://www.chron.com/business/article/Camps-everywhere-but-few-home...
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Permalink Reply by Mike
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Mr./Mrs. P. Native, I think there is a learning curve for all those companies; some learn, other's don't, and the play is still being delineated. Within the play there will be fields much like conventional resources, or sweet spots, where there will be good shale economics. There are sweet spots in other counties where wells are making good money. So far. Outside those sweet spots wells likely will not be economical at all. There will be a lot of those. I don't know who "they" is that you refer to but there are not many wells being drilled around our part of the world, unfortunately. Oil prices are high, the rhetoric is at fever pitch, something does not seem right. But, I will leave that up to everyone else to sort out.
Because I am done here. I am a mineral owner, a land owner, in Fayette County not somewhere else, and I care about my community. I am not trying to take money out of anybody's pockets, thats absurd; and I am not a communist nor a bully nor am I dishonorable. Good grief. Nobody would even suggest that to me unless I am openly admitted from the get go I was also IN the oil business. I have simply tried to give everybody a different perspective on this little spurt of activity in our area. I also don't agree with some people about the future of shale in our area or in general, so what? I am about the ONLY person that posts on this forum that does not agree with the Pollyana Eagle Ford idea and I am...dishonorable because of it? Unbelievable.
Beam me up, Scotty.
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Permalink Reply by Chiliman
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Thanks Mike....I appreciate your comments always.....some folks just can't take the truth if they disagree with it . I think most of us understand that your trying to be realistic about our very own area and not being pie-in-the -sky dillusional that our prospects are as good as those further to the southwest ... No need in arguing with those who post these glorious reports everyday which I find NEVER have anything to do with the area covered in this blog .....they are apparently into a game of mental masturbation and will not be deterred in their paranoid phsycotic efforts to prove that "THE MAN" is out to get you and take advantage of you.....
Keep up those informative , knowledgeable post .....I and many others appreciate them (Even coming from a mean old communist bully .)
Mike said:Mr./Mrs. P. Native, I think there is a learning curve for all those companies; some learn, other's don't, and the play is still being delineated. Within the play there will be fields much like conventional resources, or sweet spots, where there will be good shale economics. There are sweet spots in other counties where wells are making good money. So far. Outside those sweet spots wells likely will not be economical at all. There will be a lot of those. I don't know who "they" is that you refer to but there are not many wells being drilled around our part of the world, unfortunately. Oil prices are high, the rhetoric is at fever pitch, something does not seem right. But, I will leave that up to everyone else to sort out.
Because I am done here. I am a mineral owner, a land owner, in Fayette County not somewhere else, and I care about my community. I am not trying to take money out of anybody's pockets, thats absurd; and I am not a communist nor a bully nor am I dishonorable. Good grief. Nobody would even suggest that to me unless I am openly admitted from the get go I was also IN the oil business. I have simply tried to give everybody a different perspective on this little spurt of activity in our area. I also don't agree with some people about the future of shale in our area or in general, so what? I am about the ONLY person that posts on this forum that does not agree with the Pollyana Eagle Ford idea and I am...dishonorable because of it? Unbelievable.
Beam me up, Scotty.
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Permalink Reply by Guillermo Guerra
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Every self-righteous dictator, king, prince and potentate believe they are imbued with divine wisdom.
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Permalink Reply by patrick
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What does this statement have to do with sharing oil and gas information? I am out of here .
Guillermo Guerra said:Every self-righteous dictator, king, prince and potentate believe they are imbued with divine wisdom.
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Permalink Reply by Chiliman
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GG......you need help.
Guillermo Guerra said:Every self-righteous dictator, king, prince and potentate believe they are imbued with divine wisdom.
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Permalink Reply by r w kennedy
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Patrick, people sometimes make non oil gas replies to others statements and questions. I notice you didn't ask this same thing of Buddy Cotten about his post on the previous page, or didn't you see it ? Fair is fair.
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Permalink Reply by Seth
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GGuerra,
We're going to be dancing in the streets, in my illusional awarness self. Remember, neither one of them have $$$ to lease and enough dollars to drill; command to move a HESS/ZaZa Energy, Halcon, GeoResources, Southern Bay, etc. in our SW Fayette County and NE Gonzales County areas.
Many of them sold out and only hold a mineral interest of less <100%, and hold a residual, this is why many focus closely on the decline, and acreage is measured too.
Thanks, for your experience and bringing to the table your comments, charts, graphs and attachments; so that we landowner/mineral owner's are enlightened. I know you too paid a price for your knowledge and way and I'm appreciative.
Let's regroup, and continue to enhance self, but our energy crisis too; by sharing the wealth of Eagle Ford information available as history is written about this great find in Texas. Remember, these same naysayers made forward negative statements before, and jumped over to create their own site "Cypress and Sanchez."
I believe the latest posting there is they are talking about a rail car and they are trying to determine if that black stuff oil or coal. And, weather the smell is from the sewer. So, lot's of talk about Sanchez and the tools and equiptment lost in the hole while drilling.
So, keep the mover and shaker information coming. What I found out, is there is some truth to the information supplied and the rumors. However, many don't have sense to know that it takes capital and if you have none and no attempts to raise capital...guess what, you ain't drilling me a headache. Maybe, the Eagle Ford Shale is not a dream come true for them naysayers, but it is to us landowner/mineral owner alike.
Diversity and competition are active parts of any debate, and it seems that the middle man looses and the landowner/mineral owner are in the path and strategy of O&G operatives goal. This is a $8M - $12M dollar per well changer, and much is to be said about this phenomenon and I'm sure more is to come with the seismograph and leaseholders in this same path.
Guillermo Guerra said:Every self-righteous dictator, king, prince and potentate believe they are imbued with divine wisdom.
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Permalink Reply by Buddy Cotten
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GG,
An AMI is called an Area of Mutual Interest created under, generally, the terms of a Joint Operating Agreement (that means that the companies are partners to spread risk). If one partner acquires a lease in the AMI, then he must offer it to the partners at a pre-determined rate, such as cost.
A lease purchase AFE can be created by the joint venture partners. One of the partners, generally the Operator of the Joint Venture, acquires leases and bills out to their partners in turn.
A non-compete agreement is the antithesis of the AMI. Rather than being able to acquire acreage, you are locked out. Partnerships do not operate in that manner. That is the reason for the AMI in the first place - to keep everybody honest.
Now that you have some terms defined, can you explain your statement where "someone manipulates the system with secret AMI deals whereby they collude to keep prices low through non-compete agreements."
Oh, I am not an oil company bully. 99% of my daily business is representing landowners. And I have interests in about 77 producing wells, so I guess that I am not representative of the average landowner, either. But, you would call me a liar. Here is what I do not have. I do not have a partial interest in 5 acres which is not leased.
Guillermo Guerra said:That's the way market's work unless someone manipulates the system with secret AMI deals whereby they collude to keep prices low through non-compete agreements.
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