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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: 387
Latest Activity: yesterday

Discussion Forum

Leasing

Started by gabby. Last reply by William Douglas Archer on Monday. 18 Replies

I am curious if any of you have heard of Delgado Leasing?  They approached us on leasing our property the lease we have not is with Geosouthern and comes to an end next March.  Any suggestions? Continue

REVISED DIVISION ORDER

Started by Don Terrell. Last reply by Marsha Breazeale Aug 12. 6 Replies

My wife and her sisters signed a Division order that covers two wells in La Salle County, they have received 2 checks, each check covered both wells for that production period.Now EOG has sent them…Continue

Property Tax Appraisal - Protest?

Started by Mary Catherine Winslow. Last reply by David Lampley Jun 2. 6 Replies

Curious if anyone is protesting this Year's tax appraisal?  Ours went up 10x over last year - a substantially bigger jump than we expected given the current oil pricing and projections we have seen. …Continue

Keywords: Appraisal, Tax

Value of Land in La Salle County

Started by Geri Seymour. Last reply by MICHAEL L HILLIARD May 28. 12 Replies

We have been approached by EOG to purchase our 10 acres for the land only.  The mineral rights would remain with us.  Does anyone know what the going rate is for acreage in La Salle County and if…Continue

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Comment by John Swicegood on April 24, 2014 at 1:06pm

Thanks Robert!

Comment by robert r garrison on April 24, 2014 at 12:48pm

COPProductionDecline.2014.ppt

To those interested, production from my well is following (almost exactly) the curve "original design" in the attachment.

Hope this helps anyone that follows this discussion. It looks to be a great planning tool.

Comment by Marcus T on April 21, 2014 at 3:01pm

In EOG's most recent earnings call they said that there were 6,000 drilling locations remaining on their EFS acreage and that each of those are pegged on a map, not derived from dividing total leasehold acres by 40, 80, etc.

Comment by Rock Man on April 21, 2014 at 2:44pm

It will be rare to see operators share any info with royalty owners aside from some very general info. Many times, operators will have groups approach their royalty interest owners to purchase those mineral rights - no way they want you knowing their "master plan".

And I am positive that EOG and other companies have a series of maps showing planned horizontals in any one area.

Comment by robert r garrison on April 21, 2014 at 2:17pm

We have been in production on one of the wells for a year. The monthly production rate is easy to plot and almost follows a perfect "curve".

I do not have any inside info on economics and ROI or even how EOG determines drilling strategies for EFS. I believe, perhaps too optimistically, that EOG cannot make enough money on this one well to justify the costs and must have a multiple well strategy. I think I see that in the RRC map data that shows multiple wells in the same area on what appears to be a linear spacing and alignment. I can almost draw a straight line through the well locations per the map coordinates. 

I would probably never get the info, but I sure wish EOG could trust interest owners with their strategy. With that info and assuming each well will follow the same production pattern, we can do some serious financial planning.

Again, I have no inside info., but I will risk saying that certainly EOG has a plan. They aren't using a dartboard, even the old wildcatters had a plan.

Comment by John Swicegood on April 21, 2014 at 1:41pm

OK, I really appreciate everyone's input, jrs

Comment by Marcus T on April 21, 2014 at 1:33pm

John, there really isn't a way to find out future plans for an area most of the time. Companies are very secretive with their plans to the extent that oftentimes one division of a company won't know exactly what another within the same company is planning. If you live nearby an area of interest you can see activity not on the Internet but if not you generally have to wait for drilling permits to be filed. Public company investor presentations can also yield some general information on plans for an area.

Comment by John Swicegood on April 21, 2014 at 1:29pm

Thx! jrs

Comment by Rock Man on April 21, 2014 at 1:24pm

One has to figure that eventually operators (present and future) will end up drilling up a unit / area to its maximum extent.

No way to know this for sure now - key for many operators is to get acreage HBP and then sell it for the production and undeveloped locations (proven and probable) on the acreage.

O&G prices also come into play here as to timing - if prices drop, there is no incentive to infill HBP acreage at lower prices and ROI.

Comment by John Swicegood on April 21, 2014 at 1:11pm

Anyway to find out if something is going on or planned in a given field, thx! jrs

 

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