Thank you both for the seismic information. There was much ado when it happened since it was actually done in the SBG snd Flatonia city limits. The suspicion was that Cypress was footing at least part of the bill but it all went nowhere.
I’m guessing that data is still available to anyone with the inclination and money.
I will go out on a limb and say that Seitel has sold this 3D data several times over. And made an overall profit on this data set
Snap shot from Seitel’s seismic coverage library in this area. Red polygons are 3D surveys. Blue lines are 2D seismic
That’s an interesting map. I am not totally certain but I am pretty sure we did not permit Seitel to shoot seismic on our property yet it falls within the red polygons. Go figure!
Oh yeah. $25/ac damages. Oddly enough, I got a letter from Cypress recommending that I sign the document and allow the work. I’m assuming that all Cypress lessors got the same letter.
Yeah, the compensation is not nearly worth the damages they cause to your property. Especially in pretty areas like this.
Note that “no permit” areas are common in any 3D survey - these holes are “filled in” by setting sensors /recorders around and adjacent to any non-permit area. This allows for “undershooting” the non-permit area and acquiring the subsurface info under that area.
This same approach is used to acquire data under houses, protected groves, water wells, etc.
This approach works for smaller non permit areas - larger non permit areas will have data gaps and lower fold (quality) seismic depending in the size of the non permit tract.
Perfectly legal and legitimate - the seismic permit pertains to allow the contractor to lay out sensors and other seismic acquisition equipment ON the property.
To be clear, they paid what they called ‘damages’ but it was easy money on my part. Those balloon-tired trucks left no more marks than an ATV.
Usually the issue is their ability to cut down trees etc in order to access certain areas. Sometimes the damages are not worth it.
They are running the water lines to Pecan pad from the CR 240 reservoir site. You can see the lines on FM 532 north side between FM 957 and US 77. Also looks like pecan pad is already getting frac tanks…they are moving them off of Blackshear pad. Not sure if they did the pressure test on the new gas pipeline yet…but it will take them 2-3 weeks to frac both wells…so they have time. I tried to get a date of when the fracking will start, but was unsuccessful….my guess is right after thanksgiving…
A friend told me that she can hardly pull out of her driveway onto 957 because of all the (we assume) sand trucks. She lives about two miles south of SBG.
They stopped laying Pecan Pad water lines on my property right across CR226 tonight. They were going to finish tonight but it was too dusty and dark. Going to pick up in the morning and should finish tomorrow. The water guy thought fracking would start first week of December and take 7-14 days per well. But as fast as they go who knows???
This is a little off topic from the area that we’ve been following, but FSNN reported that ‘they’ are building a pad off of Stryk Road.
I’ll save y’all the trouble… Stryk Road runs parallel just north of I10 from 609 in Flatonia to a little west of Engle. Trying to find out who ‘they’ are.
Memory test: I think it was Sanchez who built a big frac pond off of Klekar Gin Rd and even drilled a well and filled it with water back in about 2011. So someone thought that general area looked pretty good.
Tri-C had done a couple of units in that area…and leased a lot. Silverbow bought them out several years ago, and let all the leases lapse. Silverbow just recently assigned the wells in that area (Muldoon survey) to Tidal . Tidal has also leased more tracts in that area in 2024 & 2025…so my guess is Tidal Petroleum….no permit yet…
Baytex, as far as I can tell, never leased in Muldoon survey even though they have wells to the west and south of these. Baytex did lease right below I-10 same area all the way south to countyline this spring and summer…and of course Baytex has all the old Sanchez units, plus many more small companies that Ranger bought just before they sold to Baytex 2 years ago….ex.. Sante, Salud units…etc…
ok…got off the phone with one of my EOG sources and they said could be Rosewood resources. They were the ones who did the 3 wells between Flatonia auction barn and Praha church…and those 3 wells still bring in over 2000boepd together.
fyi—still trying to get verified info on the KEW, Acaval tracts north & east of Pecan pad.
So far all i am getting is “well you know…they are already spending a lot of money on the Dubai “thing” and in Trinadad…..”
Heard they were waiting to see if their bid for Baytex would go through….so guessing all the info on this site it did not…went to StoneRidge ?…so maybe now the northern tracts could be in the budget ?
Don’t be surprised if the Stone Ridge group ends up flipping part of their Baytex acquisition to a third party (like EOG).
Backroom deal coincident with the actual Baytex divestment process.
From my inside information, there have been discussions between EOG and KEW even before the Pecan pad was drilled. Early stages were more of KEW hiring EOG as a contract operator of sorts to drill a well in the area etc but that obviously didn’t pan out.
So now, there are still discussions but some misalignment on terms, specifically drill commitments. This isn’t uncommon, you can see a lot of “Term Assignments” that are short term and give a company, in this case EOG, a set period of time to drill a well or wells. Whatever they don’t drill gets assigned back.
Additionally, I was told there is another company interested in the area who has previous Chalk experience.
Magnolia ? or Devon ?
I was not told a specific company name, but I would think Magnolia could be a good guess or someone like Blackbrush or some offshoot of the former Wildhorse team.
I tried to post a link to the Baytex announcement, but apparently it was holding up approval so I deleted it and reposted:
Market talk points to Stone Ridge as the Buyer with operations to be handled by its operating entity Flywheel Energy. Stone Ridge is a New York-based alternative asset management company who entered 2025 targeting $5 to $10B in PDP, a significant step-up from its $6B spent in the prior 3-years. Part of Stone Ridge’s strategy is the use of ABS financing which allows it leverage up its large PDP buys. This year, Stone Ridge paid $1B+ for Rockies gas from Kayne Anderson and Warburg Pincus-backed Terra Energy Partners 1 and just closed a $1.3B buy of Anadarko Basin assets from Conoco.
I am now officially a fan of Stone Ridge, hoping to see drilling permits and/or lease extensions north of Flatonia.
Rosewood (Hunt family from Dallas) is going to drill a well soon about 2.5 miles due East of Flatonia and just north of I-10; they are building the location as we speak …Rosewood also has built a location about 2 miles due north of Flatonia just east of the Milwhite plant and just north of Nikel Mica Road. EOG is actively leasing the Muldoon area…about 10,000-15,000 acres probably. They drilled some decent wells this year in Lavaca County on the fringe of the Eagle ford (Breslau, Moravia, St. John).
