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Cline Shale

Location: Much of the Delaware, Central Basin Platform, and Entire Midland Basin of the Permian Basin
Members: 246
Latest Activity: Sep 13

Discussion Forum

Cline Shale News: Good, Bad, and Ugly

Started by AJ. Last reply by Ralph T Aug 30. 842 Replies

Another Cline Shale News discussion on this site has been closed to additional comments. Post Cline Shale news, data, and your own analysis here.Laredo Petroleum Investor Update September 2013http://www.laredopetro.com/media/28666/investor_update_meeting.pdfContinue

Cline Shale News

Started by Craig Wascom. Last reply by Ralph T Dec 6, 2016. 1718 Replies

A good place to post Cline Shale (now also known as Wolfcamp D and Lower Wolfcamp) news to keep us all informed.Continue

Keywords: Wolfcamp, Shale, Cline, permian, boom

Column: Saudi Arabia and New Mexico: oil price threat By Dr. Daniel Fine

Started by John Hawk. Last reply by Ken McKInney Mar 4, 2015. 17 Replies

For the complete article in the Farmington Daily Times use this link-->http://www.daily-times.com/farmington-opinion/ci_26938726/column-sa...The shale oil boom which returns 25 percent of the New Mexico State revenue is under "bust" threat from Saudi Arabia.The current price decline in both midland Texas light sweet crude and brent (world price) will begin to defer future projects if prices fall to $72 a barrel and below. An estimated 80 percent of production and projected production in the next five years requires price stability higher than $ 75 per barrel. Saudi Arabia is combining market share strategy with a world oversupply of crude oil.Oil producers in New Mexico are partially protected through cash flow hedges, which are crude barrels sold forward with prices established in futures (must be higher than present prices). However,…Continue

Keywords: NewMexico, OilPrice, SaudiArabia, Business, Oklahoma

Column: The resource war and San Juan Basin oil By Dr. Daniel Fine Special to The Daily Times

Started by John Hawk Jan 21, 2015. 0 Replies

For the complete article use this link--> http://www.daily-times.com/election2014/ci_27283196/column-resource-war-and-san-juan-basin-oil Resource War and San Juan Basin oil Oil and gas companies in the Southwest, the Rocky Mountains and the Dakotas are revising or recalibrating their capital budgets for 2015 as the price per barrel of west Texas intermediate crude trades in the $50 range. Most companies are moving into a cycle downturn phase in defense against a world price decline mostly aimed at unconventional production (shale or light tight oil). The question is how much cost savings coupled with production declines is ahead? And how long will the Saudi Aramco market share impact last?It is now clear that the San Juan Basin and the Four Corners will be significantly impacted. A loss of two and possible three rigs will contract the general economy. Job…Continue

Keywords: NewMexicoCenterforEnergyPolicy, DanielFine, SaudiArabia, Oilprice, Politics

Party at the pump by By Kevin Robinson-Avila / Journal Staff Write

Started by John Hawk Jan 21, 2015. 0 Replies

Party at the pump by By Kevin Robinson-Avila / Journal Staff WriterCopyright © 2015 Albuquerque JournalFor the complete article use this link--> <a href="http://www.abqjournal.com/524705/biz/party-at-the-pump.html" target="_blank">http://www.abqjournal.com/524705/biz/party-at-the-pump.html</a>;Copyright © 2015 Albuquerque JournalThe good times are likely to continue well into 2015 for consumers at the gas pumps, with some experts now forecasting New Mexico’s average price per gallon of unleaded to slide to $1.55 by March, before it starts to rebound in the spring.Consumers can generally thank Saudi Arabia for the latest predictions, said Daniel Fine, associate director of the New Mexico Institute for Mining and Technology’s Center for Energy Policy. That country has pushed the Organization of Petroleum Exporting Countries into a price war with U.S. producers to undercut U.S.…Continue

Keywords: Politics, News, NewMexicoCenterforEnergyPolicy, DanielFine, Oilprice

wonder how well the " midland" basin has been mapped???

Started by William Pugh. Last reply by William Pugh Nov 12, 2014. 3 Replies

As far as depth, thickness & density of formations in the midland basin & the counties that are " in" it ?? I am new to all this & own some mineral interests in some of these counties Reagan,crokket,Garza, Dawson, some producing, but all are pretty old wells,some are really old!! Thanks.Regards!William " Austin" Pugh 3rd....;)Continue

Keywords: wolfcamp, /, Shale, Cline

What exactly is the Cline Shale?

Started by Craig Wascom. Last reply by Clint Liles Jul 24, 2014. 70 Replies

What is the proper description of the Cline Shale. Is it the same as the Lower Wolfcamp or Wolfcamp D? Continue

Agreement to open oil spigot for Navajo landholders -- What Native American Tribes are next?

Started by John Hawk. Last reply by John Hawk Apr 11, 2014. 1 Reply

By Kevin Robinson-Avila / Journal Staff WriterUPDATED: Thursday, February 27, 2014 at 3:19 pmPUBLISHED: Thursday, February 27, 2014 at 11:19 amALBUQUERQUE —A new agreement between state and federal officials could soon bring a gusher of oil-related wealth to Navajo families in the Four Corners Area who want to lease their lands to energy companies.And it could speed development of an oil-rich zone in the Mancos Shale, a hard-rock layer in the San Juan Basin that companies are now exploring for the first time.The agreement, announced by Gov. Susana Martinez on Thursday in Farmington, authorizes San Juan College to provide technical assistance to expedite the processing of land-lease agreements between energy firms and Navajo families whose ancestors…Continue

Keywords: Texas, NewMexico, Colorado, NorthDakota, Midstream

Comment Wall

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Pro
Comment by Wade Caldwell on September 1, 2017 at 3:26am
Paula, I would post this in the Howard County group.
Comment by Paula Oliva on July 12, 2017 at 10:27pm

I own mineral rights in Section 21, Block 32 T2N of Howard County.  I am interested in selling and have gotten several offers for my rights, but I don't know if they are offering top money.  How do I find out what my mineral rights are actually worth?

Comment by Willard rogers on June 29, 2017 at 3:49pm

Good Afternoon,

My family and I have 2 areas of land for lease in Dawson County, there are 4 of us, we only own the minerals, we do not want to sale, we have one area that is 240 acres, it is in Block 35 section 2 T4N, the 160 is in Block 35 Section 28 T5N. please contact me at marc.rogers33@yahoo.com if you have any questions. thank you

Comment by Diana Taylor Laws on August 8, 2014 at 11:09am

I just found out yesterday that Firewheel will not be renewing our lease in Mitchell County.Has anybody heard whether or not any of the companies are still looking for leases in that county? If so, what is anybody leasing for per acre?


Pro
Comment by Wade Caldwell on July 30, 2014 at 8:32pm
The deed records will control, although the will can act as a conveyance document if it was probated and recorded in the deed records. In other words, the will cannot create a mineral interest that does not exist or has since been sold.
Comment by ferrell nolan on July 30, 2014 at 1:03pm

A great grandfather's will describes several thousand acres of mineral rights in Nolan, Mitchell & Taylor Counties, but we can find warranty deeds for only 1/2 of those acres.

Is it important to have in our possession these deeds or is the will sufficient in verifying ownership?

Comment by Robert M. on July 24, 2014 at 10:23pm

Hi Dena.  If you have an iphone or ipad there is an app called BHI Rig Count, which locates drilling rigs.  I do not know how comprehensive it is, but it does show this rig right now.  It shows the location to be just south of Co Rd 458 and west of Co Rd 442.  Best of luck!

Comment by j richardson on July 24, 2014 at 1:44pm

They are in Mitchell Co. about 7 miles North and 1mile west of the town of Loraine.

Comment by Dena Johnson on July 24, 2014 at 12:13pm
Where is the Three Span well and "Big K" dry hole?
Comment by Robert M. on July 24, 2014 at 10:01am

Thank you very much for the update.  I guess it is a good thing that there is not a dry hole marker on it.  Any other info or updates on this are greatly appreciated.  Thanks again!

 

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