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Cline Shale

Location: Much of the Delaware, Central Basin Platform, and Entire Midland Basin of the Permian Basin
Members: 247
Latest Activity: Jan 12

Discussion Forum

Cline Shale News: Good, Bad, and Ugly

Started by AJ. Last reply by AJ Jan 12. 854 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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Comment by Robert M. on June 23, 2014 at 10:26pm

I was told that Three Span O & G was drilling north of Lorraine near 458 and west of 644.  I was told they were drilling deeper than the Cline Shale into the Strawn Sand I believe.  Does anyone know anything about this, when they started, how far along they are, if what I was told is accurate, etc...?  Thanks!

Comment by Ralph Fuquay on June 19, 2014 at 12:47pm

Craig my lease is at the south end of lot 180 blk 29 w&nw rr. most is end glasscock and crosses into sterling county. I'm not trying to pin you down (put you on the spot) just your opinion of that amount being close at this time. reasonable.

Comment by Craig Wascom on June 19, 2014 at 9:47am

I would say 3000 is a healthy bonus but I'm no expert and things are changing very fast. As soon as I say that is a good offer someone will get a better one. Glad to see you are getting professional help, at some point you are going to have to trust the pros and bite the bullet. Problem is no one knows where that point is.

Comment by Jack hodges on June 19, 2014 at 9:34am

Where is your area/county?

thanks

Comment by Ralph Fuquay on June 19, 2014 at 9:31am

Craig  a lawyer/landman told me the going rate in cline shale area I should ask for is 3000 per acre signing bonus. ( in area of my lease). I would appreciate your opinion on this.

Comment by Ralph Fuquay on June 18, 2014 at 1:48pm

sounds good!

Comment by Craig Wascom on June 18, 2014 at 10:22am

We will see in time the eastward movement is beginning to pick up steam. The story changes from one quarter to the next. Remember 6 months ago there were some on this site ready to give the play last rights. What I am seeing and hearing in the field is there are HUGE results about to be announced. The next month should be very interesting.

Comment by Ralph Fuquay on June 18, 2014 at 10:10am

the landman that called me with a low offer, says my area is not to good, but we want you signed up asap, this is probably typical they do this for a living. I believe positive with new technology and cline discovery. this is the best opportunity for oil wells.

Comment by Ralph Fuquay on June 18, 2014 at 10:00am

it opens more opportunities for everyone involved. it's good news for mineral owners.

Comment by Craig Wascom on June 18, 2014 at 7:19am

Some are saying that this could end up being like the Gulf with much more being found deeper. Pretty far fetched in my opinion but we did not expect what we have now.

 

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