Fayette and Lavaca County TX Oil Activity

#1

Does anybody still read this? If so, thought I’d mention that I just got an offer to purchase my minerals from the Southwest Petroleum Company out of Dallas. Note that this is for an outright purchase rather than a lease. After some research, this company seems legit but certainly not for me. Plus IMO unless you need money to buy shoes for the baby the terms and payment are not very good.

But moving right along, is anyone in our area of interest getting lease renewals? I sure haven’t heard of anything. Looks like we’re back to square one.

Even thought it might as well be on Mars as far as we’re concerned, that Lonestar well(s) just north of the former I10 rest stop west of Flatonia looks to have been at least partially successful. As of Friday there was a big tank battery on site along with a constant sooty flare indicating wet gas. So good for them.

Leases In Eastern Fayette & Lavaca Counties
#2

4 posts were split to a new topic: Dimmit county oil drilling activity

#3

Washington,

Sure, we’re still reading, but things have been a little slow, probably corresponding to the sustained drop in oil prices.

I had a 3-year deal just expire, but I’ll bet it will be a while before anyone will contact me about leasing it again.

Do you get the monthly Fayette County Lease Alert from Courthouse Direct? I noticed that there are still some new leases being filed in areas up 609 north of Flatonia toward La Grange, so things are not completely dead. I would imagine (but do NOT know) that the bonuses are a bit on the low side now.

#4

This is from Lonestar’s Q3 report - which I believe are the Five Mile Creek well’s your are referencing: In October, Lonestar began flowback operations on 2 gross / 2.0 net wells on its Marquis property, which was acquired in June 2017, known as the FMC EB #A1H and FMC EB #B2H. These wells are the first wells Lonestar has drilled on its Marquis property and were drilled to average total measured depths of 19,563’. Lonestar fracture-stimulated these wells with an average proppant concentration of approximately 1,470 pounds per foot and across average perforated intervals of 9,068 lateral feet, using diverters. Test rates have averaged 1,008 Bbls/d oil (85%), 90 Bbls/d of NGLs (8%), and 487 Mcf/d (7%), or 1,179 BOE/d (three-stream) on a 26/64" choke. Lonestar has a 100% WI / 73% NRI in these wells.

#5

Thanks, this is good information and these days, information is mighty scarce. Just for grins, what is the well head pressure and has that stayed relatively stable?

Thanks again!