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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

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Comment by Ralpr on April 19, 2012 at 3:24pm

Wednesday, April 4, 2012

Lynden releases production numbers and comment about Howard Weil 2012

Lynden Energy Corp. reported production after royalties of over 500 boepd on average over a ten day period ending March 31.  Highest daily production during the period was 595 boepd!  These are excellent numbers demonstrating continuing high production from their Tubb A #1 well as well as shallow declines from their existing wells.

Of significance is that the Tubb A #1 well is still producing over 100 barrels of oil per day.  This number does not include natural gas or natural gas liquids and is 90 days after being tied in.  Should these numbers be replicated, Lynden has some very special acreage.  The Tubb Prospect Area includes 7,341 gross acres of which Lynden's net interest is approximately 2,469 net acres.  Additional success here will surely capture industry attention and Lynden's large acreage puts them in a nice position to capitalize.

Recently, Richard Mason wrote an article about Howard Weil 2012.  The article titled "Operators Hint at Two New Liquids Plays, Major Permian Discovery" is one more leg to Lynden's story.  The apparent industry excitement about the Cline shale is generating a lot of buzz.  Devon, Concho, EOG and Pioneer are all actively pursuing the Cline shale.  "Pioneer and Concho are now suggesting that the prospective Wolfcamp (Cline) spans the entire Midland basin," the article states.  (For those unfamiliar with the Cline shale, it exists just below the Wolfcamp shale zones.  Some companies are grouping the shales together and calling them the Wolfcamp shale.)

Tim Leach, CEO of Concho Resources, commented that they have 45,000 net acres of new holdings and their primary target is the Cline shale.  "The punchline here is we think this play in the northern part of the Midland Basin will be very similar in returns and composition to the Wolfcamp in the southern part of the Midland Basin."

A couple of additional comments from the article.  "Long story short: the horizontal Wolfcamp is on the verge of a substantial breakout in the Permian Bains."  Also, Scott Sheffield, CEO of Pioneer, states "People... will will have to buy out smaller independents.  It will be really tough to get a large acreage position because most land is held by production by the various operators."  Again, Lynden is in an excellent position, because of their 103,400 acre Mitchell Ranch project.  The next few months will be very interesting...
Comment by Ralpr on April 19, 2012 at 3:14pm

http://seekingalpha.com/article/501951-devon-energy-s-new-china-dea...

Devon Energy numbers and plans for the Cline Shale.

Enjoy!

Ralpr

Comment by Ralpr on April 10, 2012 at 8:58pm
Robert,
You're most welcome! Hopefully the answer is all the pay zones they can find. The cool thing is that these are stacked Oil plays - so there is plenty of upside and the downside is pretty minimal.

Regards,
Ralpr
Comment by Robert M. on April 10, 2012 at 7:49pm

Ralpr, thank you for all the updates on the Cline Shale, I appreciate it.  Im still trying to determine if Devon is going after the Wolfcamp, Cline, or something new in the C City area.  Thanks again for the info!

Comment by Ralpr on April 10, 2012 at 11:51am

Devon Energy very excited about the Cline

Devon Raises Spending, May Seek Partner for Cline Field

Comment by Ralpr on March 20, 2012 at 10:01am
Comment by Ralpr on February 16, 2012 at 12:04pm

http://www.callon.com/Press_Releases.htm

The latest Press Release says that Callon is targeting the Cline Shale for horizontal wells in the Northern Part of the Midland Basin.  They've increased their leasehold in the Northern Midland Basin substantially, too.

 

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