Linda, Casados total length: 7231ft. Tina 1H-26X: 10510ft.
The completion report on the Tina 1H-26X was not very impressive for that length: 349bopd 1604mcfd http://www.occpermit.com/WellBrowse/Webforms/WellInformation.aspx?I…
Linda, Casados total length: 7231ft. Tina 1H-26X: 10510ft.
The completion report on the Tina 1H-26X was not very impressive for that length: 349bopd 1604mcfd http://www.occpermit.com/WellBrowse/Webforms/WellInformation.aspx?I…
If you compare total length the Kelly 1H-11 is the better well, 5091ft completed with 608 bopd 3067mcfd.
Huh? I guess they could be rounding it off and calling the Casados an 8,000 ft. lateral?
Remember, the Newfield guy said the Tina came in good but just kept getting better and better all the time! Like I said I didn’t hear any numbers but a man told me today that a Newfield man said the Tina was the best one they had gotten yet. I’m not really sure whether they got the Casados or the Tina on line first so I didn’t know whether they were comparing the Tina with the Casados or not when he made the statement. It’s not that important I guess. I was just wondering.
Tom…I believe someone said that Sec. 21 2n,4w would get about 34 % and Sec. 28 would get the rest of the Casados. Section 21 will come out smelling like a rose I believe because they also will get about the same percentage of the next five Branch wells that are also wells drilled from the pad on 21. They are also going to drill at least another Casados well and probably more. That’s at least six or seven (probably good wells) that Sec. 21 gets a third of so that’s not chicken feed. No one has told us this but some on here have been speculating that maybe there is something in the middle of the section that makes them hesitate to go all the way through it. Whether that’s the case or not Newfield has figured out the way they can make the most use of the section.
Oil prices have “plummeted” the last couple of days. I hope they don’t make a habit of that!
Linda, I think it was just a small correction. To me plummeted is more like $30 per barrel and not $3. Awhile back my oil sold for $87 a bbl for months when the WTI price was around $80, I guess the contract ran out and I had a month of $75 and then the price was right back up the next month. These little dips don’t bother me. To the lessor, a $5 dollar drop per bbl is probably not going to do a great deal to your royalty check, less than $1 of that $5 was going to be yours anyway. I don’t let it worry me and I hope you don’t let it worry you either. If we want to help the price go back up we can all talk about the terrible oil shortage, we are running out of oil, peak production, the middle east, wink, wink ; )
The shale gas plays across the U.S., when fully implemented, will have a definite downward pressure on oil prices. In my opinion oil in the U.S. could slide $20 per barrel downward over the next two years.
Just my thoughts looking at all the places to go in the U.S. with shale gas drilling. Geologically, there is a whole bunch of potential shales across the country. And the Oil Industry will get to them. If there is one thing you can count on the Oil Industry to do is that they will find it.
Cheniere Energy in Sabine Pass LA is scheduled to start EXPORTING natural gas in late 2015. Cheniere Energy is the only company currently with an Export License, but there are 6-8 others trying to get approval.
The Monterey Shale play in California is very large and covers almost all the the California centeral valley. I think this will be slow to develop because of all of the California laws.
Linda, just keep those new sugarplums, I mean new wells in mind. It makes a difference on even small acreage when the get it closer to being drilled out and it will happen for you, it already has for me to a certain extent and hopefully it will happen for everyone else who already has 1 well in the not too distant future.
Those sugarplums are definitely in my head! Not much room up there lately though as we had to put my dad (age 93) in the hospital via ambulance again this morning. We had a rough night last night as it was our turn to take care of him.
It helps to have some positive news. We’ve heard they were spudding on the well Branch #6 today. Yepeee!
rw…I’m sure you are right. The newpapers and stock market ads always embellish everything to seem much better or much worse that they really are. Yes, I would say that $3.00 change in oil prices would only be an adjustment and not a plummet like they called it. Thanks for sharing what happen on your checks. Makes me feel better about ours being down so much on the second check. That’s the same story hubby told me “don’t let that worry you it probably just caught the cycle wrong and may make it up next time” . Should be the next check being send out soon. So, we shall see what we shall see!
Linda, I am sorry to hear your dad had to be rushed to the hospital again. I remember such times with my mom and grandmother and the hospital staff wanting to throw me out at 10pm. Linda, my prayers are with your dad and with you.
Thanks gentlemen. All prayers appreciated!
Linda: My heart goes out to you. I went through this with my first wife twelve years ago. Six trips to the hospital in one year. The last one was fatal.
Here’s the link to read about today’s Continental fourth quarter results for 2012,
http://www.prnewswire.com/news-releases/continental-resources-repor…
In the morning is the CR conference call. Find the link on their website and click livecast or something like that and you will need to sign in with your name and email address. I usually put “investor” where it ask for company but I don’t really think you have to put anything in there. I believe it’s at 9:00am.
I was thinking in the report below the new Giant well I heard about might be in it but I forgot it’s only for the fourth quarter of 2012. I guess we’ll have to wait until the next quarterly report for that one. Shoot!
I went down south down highway 76 today to the diggins. When I passed the newest Kelly well on Sec. 2 2n,4w Stephens there were the crane looking things that were probably running the coiled cable in the well. This usually comes right before the fracking.
The Vanarkel on Sec. 15 2n,4w there was a man down looking at something but I didn’t go on the location because CR might not like it. I don’t think they have fracked it yet. I think the temporary wellhead was on it but I don’t believe it’s the actual “Christmas Tree” that will be put there after it is fracked and put on production. Don’t know what they are waiting on. Pretty typical of CR to take their time for such things.
The Garvin Co. well that I listed last was drilled by Ardmore Production and Exploration.
Parts of the Oklahoman paper reports:
Intent to Drill:
Garvin: Continental Resourses, Inc. Ball No 1-19H Well …of 19, 3n,4w TD 19,614
McClain: Charter Oak Production Co. LLC, Marcum No. 1-23 well…of 23 7n,3w TD 8540
I’m sure this has already came out other places but thought some may have missed it.
Also told of a well in Garvin Co. that came in 50 bbls. per day and was in 35 1n,3w and TD 9,153
Had several others but not in the Scoop.
http://phx.corporate-ir.net/phoenix.zhtml?c=197380&p=irol-Event…
Found this on the Continental website. Guess I missed the conference. Would like to have heard it live.