Hey Lee – nice to have more natives on board. Where might you be living now? Later – Buzz
Lee - just down the road… in Far West Texas, eh? Later - Buzz
Hello Buzz,
We are living near Midland, but make frequent trips to Reeves County.
Dave – you might see recent posts on this discussion group: “New Reeves County Pipelines Coming Your Way?”
Later – Buzz
Howdy: Just received a call from Micro Seismic about installing a subsurface seismic monitor (400’) on the property to determine the range of formation shift for wells being fraced within a 27-mile radius. Requires lease of some kind and may involve small payment. Any comments or experience from the group regarding this request would be appreciated? Dave S
Rigs Operating in Reeves, w/e 4/27 RigData
J. Cleo Thompson… 7
Clayton Williams… 5
Comstock O&G… 4
ExL Petroleum… 4
Petrohawk… 4
Resolute Nat Res… 2
Atlantic Operating… 1
COG Operating… 1
Endeavor Energy… 1
OXY USA… 1
Patriot Resources… 1
Red Willow… 1
Walsh & Watts… 1
Whiting O&G… 1
TOTAL 34 (Baker Hughes shows 41)
WACKERS Department Store in Kermit was in business when I was in high school. Go Kermit Yellow Jackets! Ha!
Good info Buzz. Rumor mill has it that Clayton Williams throttled back from 11 to 5 while they re-evaluate the pressure levels for fracing in the Wolfbone trend. Apparently, it’s a complex mix of pressure settings and they have their long hairs looking at the data to determine the magic number.
On a side note - Does anyone remember Wackers Dept store or Al’s hamburger stand in Pecos? Two fond memories from my childhood. My grandmother lived on Bois D Arc Street near the water tower.
Buzz - Any idea what this means:
“Ongoing 5-well program”??
And the area of interest… dimensions mentioned start at the City of Pecos???
TIA
I listened to replay of CW’s 1-Q earnings call Wed-4/25… some highlights (southern Reeves):
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area of interest 17 miles long x 12 miles wide
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$219m capex in Reeves
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57 wells spudded; 50 vertical/7 horizontal
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37 producing
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12 waiting on completion, connection, etc.
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Ongoing 5-well program
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Re: Chesapeake leases, completed 44 ‘earning wells’… meeting our obligation for the 2nd year to 3-1-13
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vertical Wolfbone wells intercepting 5 pay zones (sometimes 7); gross pay 3,500’
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80 bbl/d IP; 175-200,000 EUR
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vertical well cost down to $3.8m, heading lower
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lower 2 zones overpressured
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3 horizontals drilled in three different zones (no further information)
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continue to haul oil, pipeline ready soon
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first time gas went to sales was this week
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60,000 acres leased/still leasing
Hope this helps – Later – Buzz
Kreg - for the near term, they plan on 5 rigs running spending $219 million this year… something like 50 wells per year ($4 million each). Going by where they’ve been drilling, I would say the area starts a little south of Pecos, extending, generally, south-southwest. I recall Clayton saying the drilling time for a vertical well is down to 40-something days. Later – Buzz
Energen - BHP/Petrohawk Acreage Option NOT to be exercised:
http://ir.energen.com/phoenix.zhtml?c=94826&p=irol-newsArticle&ID=1690010&highlight=
Later – Buzz
ComStock Q1 results for Reeves on Page 22 and 23 of their Q1 results. Not bad production numbers…
http://phx.corporate-ir.net/phoenix.zhtml?c=101568&p=irol-presentations
Tutorial that is… can’t spell tonight..
Texas Railroad GIS tutorial
make sure you view it in full screen mode. Hope this helps ya’ll find your property.
Seems the Reeves County groups that have been down since Wed are back up and running.
Folks – we need to crank up the sharing information action here. Later – Buzz
Kreg – that tutorial was SUPERB! Thanks – Later – Buzz
Thanks… hope it helps some folks out - took me about 6 months of poking around to understand it myself.
That was a great service, Kreg.