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Frio County, TX - Oil & Gas Discussion

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Frio County, TX - Oil & Gas Discussion

Oil & gas discussion group for those interested in Frio County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 28
Latest Activity: May 22

Discussion Forum

Leasing Prices????

Started by ConnieB. Last reply by ConnieB Apr 25. 2 Replies

Hey,Just joined. Didn't even know something like this existed. But I am happy to have found the site.I have been approached to lease out our property in Frio county off Sand Hollow Rd.  For oil,…Continue

Need info on leasing bonus for Austin Chalk

Started by Connie Gail Beane. Last reply by George Harcourt Apr 23. 12 Replies

Property description is;29 5. Adams Beaty & Moulton. Tr#4. 8.54 acres30 7 Adams Beaty & Moulton. Tr#4. 11.570 acresThis is on CR 2000 outside of Pearsall, Frio County Tx. ( Sand Hollow Rd)I…Continue

Leasing in the Moore/Bigfoot Area of Frio County

Started by C. Patrick. Last reply by Jake marbach Mar 20. 1 Reply

Is there any leasing activity going on right now in the Moore/Bigfoot area of Frio County. If  you have been approached, or know of an oil company leasing that area, I would be interested. Thanks!Continue

surface owner

Started by Reynaldo M Trevino. Last reply by Reynaldo M Trevino Mar 4. 2 Replies

Does anyone know  if drilling can occur within the city limits of Pearsall? I am or will be a surface owner and would prefer if there was no drilling within the city.Continue

Keywords: owner, surface

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Comment by George Harcourt on May 15, 2012 at 8:55am

See link at bottom for full article

Burning gas sparks worries

Updated 09:01 p.m., Monday, May 14, 2012

 

With oil production on the rise in Texas, drilling companies increasingly are burning off the natural gas that surfaces with the oil because they can't get pipelines in place fast enough to transport it.

“There's just more demand for pipelines than they can currently keep up with,” said James Mann, a lawyer who represents pipeline companies.

But the process — called “flaring” — is raising concerns among environmentalists, who say it releases nitrogen oxide, sulfur oxide and other emissions with public health risks into the atmosphere.

The number of flaring permits approved by the Texas Railroad Commission has increased sharply in recent years, from 107 in fiscal year 2008 to 651 in fiscal 2011, according to Ramona Nye, an agency spokeswoman. This corresponds with a dramatic increase in demand for drilling permits.

The commission issued 9,347 drilling permits in the long-active Permian Basin last year, up from 3,369 in 2009. The West Texas region, which is 250 miles wide and 300 miles long, has generated at least 260 million barrels of oil in each of the past three years.

The gushing flow from South Texas' Eagle Ford Shale is more recent, made possible by a drilling technique known as hydraulic fracturing. Oil production from the Eagle Ford has spiked from 130,802 barrels in 2004 to more than 30 million barrels last year. Drilling permits issued for the shale area also have risen dramatically in recent years, from 26 in 2008 to 2,826 in 2011.


Read more: http://www.mysanantonio.com/business/article/Burning-gas-sparks-wor...

Comment by George Harcourt on May 15, 2012 at 8:48am

Chesapeake is in BIG financial trouble. If you are discussing a lease with them you may want to increase your level of due diligence.

Monday 14 May 2012 -- HOUSTON - Chesapeake Energy Corp. said Monday that it would delay a $1 billion oil deal in the Eagle Ford oil shale in Texas, but that major asset sales in the Permian and in the Mississippi Lime basins remained on track to close in the third quarter.

Chief Executive Aubrey McClendon said that language the company included in a quarterly filing Friday warning of a delay in asset sales led many to worry that the Permian and Mississippi Lime sales "were somehow in jeopardy." But the language was referring to a Volumetric Production Payment deal in the Eagle Ford, in which the company would have sold some of the field's production in advance to investors, McClendon said. Chesapeake stock had tumbled 14% on Friday in the wake of the company's filing.

He said the company also has identified noncore assets it plans to sell in the second half of 2012 and continuing into 2013 to make sure it has enough money to meet its ambitious spending plans. McClendon said that the company chose to take a $3 billion unsecured loan from Goldman Sachs Group Inc. and Jefferies Group Inc. instead, as it would provide more assurance to investors that it would be able its transition from being primarily a natural gas producer to one more focused on oil from a position of strength.

The Oklahoma City company, which in the past decade has grown into the second-largest natural gas producer in the U.S. by throwing armies of land men into emerging oil and gas fields, also plans to concentrate on drilling the acreage it already holds, McClendon said. That's uncharted territory for the company, and for McClendon, who started out as a land man.

"Now we're transitioning to asset harvest," McClendon said.

Comment by Jimmy Whitley on March 31, 2012 at 11:29pm

Andy, I read your email, and have asked to join you as a friend.

I will send you my email address as soon as you invite me. Thanks

Comment by John Anderson "Andy" Davis on March 31, 2012 at 11:08pm

Just received my 4th division order from Ricochet Energy. Already paying on two Stewart #1 and Stewart #2. New ones are Stewart-Michael Unit 1 and Stewart-Michael Unit 2.  Located about 5+/- miles NW of Pearsall. "What a great country, America!"

Comment by Kevin B. Koonce on January 5, 2012 at 11:51am
Comment by jake miser on December 11, 2011 at 9:35pm

Does anyone have any news on whats going on in Frio county as far as production; particularly in westcentral Frio county?

 

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