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Eagle Ford Shale - Oil & Gas Discussion

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Eagle Ford Shale - Oil & Gas Discussion

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

Website: http://www.eaglefordshale.com
Location: South Texas
Members: 426
Latest Activity: 2 hours ago

Discussion Forum

Royalty Payments getting lower and lower and lower....

Started by Robyn Barziza Chargo. Last reply by Bobby Grace 2 hours ago. 6 Replies

Hi all..My 2 siblings and I inhereted about 15 acres of mineral rights and lease to EOG.  We were soooo excited...in the beginning....since we've been getting payments (about 6-7 months) they have…Continue

SEEKING mineral/leasehold owners in Atascosa County, TX:

Started by K. Smedley. Last reply by Bobby Grace Feb 25. 1 Reply

SEEKING mineral/leasehold owners in Atascosa County, TX:  Do you have open/unleased mineral/leasehold rights in Atascosa?  Currently leased but about to expire?  Is your current lease…Continue

SEEKING mineral/leasehold owners in La Salle County, TX

Started by K. Smedley Jan 25. 0 Replies

SEEKING mineral/leasehold owners in La Salle County, TX:  Do you have open/unleased mineral/leasehold rights in La Salle?  Currently leased but about to expire?  Is your current lease only for a…Continue

Eagleford Update

Started by John Sabia. Last reply by Rock Man Jan 14. 19 Replies

As a mineral owner in the Eagle Ford, Vine Royalty likes to stay up on trends and happenings in the shale. Below is a list of moves made by the big operators in the Eagle Ford. Let me know what…Continue

Keywords: Natural, Resources, shale, Pioneer, Noble

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Comment by Rock Man on April 14, 2015 at 3:48pm

Depecning on the location of the first well, I would guess that at least one additional Eagle Ford well can put put on this tract.

Of course. if this is any area of Austin Chalk and/or Upper EF potential, 1-2 more laterals for each of these targets can be fit in.

And then there is the Buda below the EF - always a possibility.

And not even talking the deep Pearsall (which may be economic someday) as well as shallow Taylor / Olmos et al sands plus the Pecan Gap / Anacacho interval.

Prospectivity depends on the area.

Re-Frac'ing the present well also an option.

And the depletion you are seeing is definitely the norm for EF wells

Comment by S.Haas on April 14, 2015 at 3:46pm

My mom's wells are in Karnes County - last year for the heck of it - we submitted information to a company to see what they would offer on 3 wells... the amount was $700,000+  and they said we had to accept it in 48 hours - of course - we did not.... the next week I was looking on the RRC - saw that Marathon was going to drill 5 more wells on the locations.  Sometimes I think those companies know more than we know.   If I were you - I would not sell. 

Comment by James M. Schroeder on April 14, 2015 at 3:39pm

I have an interest in an existing well in the Eagle Ford that is "playing out."  In two months it will have been in production for two years. The production is now at 20% of what it started out at. My understanding is that "irregular" wells in shale plays will deplete by as much as 87% over a two year period. 

I have several other royalty interests in properties in the Eagle Ford, and like everyone else, I get regular offers to buy them from "royalty companies." All of these offers have been laughable low ball offers, which I have put in file 13 with one exception, and that was an offer I got a few days ago for the mineral rights on the property that the aforementioned well is on. The offer was for 88 times  the current monthly royalty payment. The property in question is a 350 acre plot, and it has two producing wells on it; the one mentioned above, which is an oil well, and a gas well. Of course, the oil well constitutes 90% of the royalty payment.

The only reason I can think of that anyone would offer that much for a property with a producing well on it that is already 80% depleted, is they are counting on the ppb to spike back up, and betting that more oil wells are going to be drilled on the plot.  The plot is long and narrow, app. 7000' in length, and, on average, app. 2000' wide. The total length of the horizontal bore hole of the oil well is 6200' and spans all but a few hundred feet of the length of the property.  My question is this: How many, if any, more wells can conceivably be drilled on a plot of this size?


Pro
Comment by Wade Caldwell on October 5, 2014 at 12:45pm
Linda,
Post this in the Brazos County group.
Comment by Linda Bodiford on October 3, 2014 at 9:17pm
I have 473 acres of mineral rights in James Hope Survey A-22..Brazos county off Hope Creek Rd. Can anyone tell me if there is anything going on there?
Thanks for any info.....
Comment by private on September 28, 2014 at 12:33pm

I signed in 2013 an wished I would have waited.

Comment by private on September 28, 2014 at 12:31pm

Hi Alinda, I called EOG last Monday 22 and a nice lady returned my call on Friday 5th. I was working missed it and saw the voice mail Saturday. go to the EOG website you will find the number to call you need to leave some kind of information to identify the area and who you are. I think they research before they call each person so you are both on the same page when they call. I will try again. I have a name and will post it here.

Comment by Alinda Jordan-Brooks on September 27, 2014 at 11:12pm

Does anyone know how to get EOG to return a phone call or an email?  I can't seem to get anybody's attention.

Comment by John Swicegood on May 22, 2014 at 5:20am

Ok!

Comment by Rock Man on May 21, 2014 at 6:26pm

I included the permit for this well in earlier reply - it includes the plat. Runs NW to SE basically along the length of the horizontal (with appropriate footages on either end for unit stand off distances). Wide enough to fit several  parallel horizontal wellbores in this same unit (which is typical plan when these units are set up).

 

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