Bigfoot
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Leasing and now the drilling has picked up on the Eastern edge of Fayette County

Started this discussion. Last reply by Hale Yayuh Jun 26. 13 Replies

Mainly East of Hwy 77 and North of SchulenburgGeo Southern started the leasing in this area, mainly East of Hwy 77 between Schulenburg and LaGrange about 2 years ago.  There has been some talk that…Continue

Tags: County, fayette

ZaZa finally permitted a new well in South West Fayette County 11-1-2012

Started this discussion. Last reply by Bigfoot Nov 3, 2012. 2 Replies

Just an update to say that drilling around Flatonia, Fayette County is moving right along.  November 1, 2012:  Sanchez permitted two more Prost wells and ZaZa finally permitted the first of what is…Continue

Eagleford or Chalk Play Southwest Fayette County

Started this discussion. Last reply by Bigfoot Nov 5, 2012. 4 Replies

I'm interested in joining a discussion about any oil play around the Southwestern part of Fayette County.  Other than the first three wells drilled near Flatonia, I haven't been able to hear…Continue

 

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Fayette County Activity

Posted on January 8, 2014 at 3:43pm 0 Comments

Sanchez has finally moved their first rig into the Five Mile Creek area.  This is the Five Mile Creek Unit "D" 1-H.  Not sure if this RRc link will come through or not; but, anyway the Rig was moved in late last week and as of Monday was stood up getting ready for duty.  This was the rig that moved from the Sante North unit.  Water is just being hooked up to the Sante North, I would guess in preparation for the fraccing crews.…

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Southwest Fayette County

Posted on October 20, 2011 at 9:25pm 2 Comments

I'm interested in any information about the Southwestern part of Fayette County, North of Flatonia.  I've seen the paper report for three of the wells; but, nothing since.  Hear some gossip; but, no real new information.

Bigfoot

Comment Wall (12 comments)

At 1:33am on June 15, 2014, 6th Generation Texan said…

We must be about the same age. My daughter will be 44 this year. Where is your property located? Mine is SW of Iola.

I am glad that you were able to negotiate $200 a shot hole, but sorry they wouldn't pay you more than $15 an acre for the survey. Our attorney said that $25 was the going rate, but I guess it depends on the company, how many acres you own, where it is located, etc.

Did you try to get the seismic data?

At 2:58am on June 15, 2014, 6th Generation Texan said…

Yes, if you will be so kind to forward me a copy of your seismic permit I will appreciate it very much!

At 9:51am on June 15, 2014, Bigfoot said…

Tyr this out.  I'm sure you can come up with some more good stuff to add; but, it never hurts to have more information than you really need.  More is better than less when trying to cover all the bases since these guys are so slick at out foxing us.

No authority is herein granted to Lessee to conduct seismic operations using 3-1) method unless Lessee pays the surface owner prior to beginning of such operations, a minimum of Fifteen Dollars ($15.00) per acre for the entire land above described. After completion of such operations, Lessee must restore the land to its original condition just prior to such operations and must pay the surface owner and any tenants the actual amount of damages arising from such operations. Lessee agrees not to conduct seismic operations during wet, inclement weather. Any Seismic exploratory operations under this Lease will be bound by a specific SEISMIC PERMIT AGREEMENT which must be initiated and agreed upon by the land surface owner or designated representative prior to commencing seismic operations. Lessee agrees that all operations will be kept a sufficient distance away from Lessor's water wells so as not to cause any damage to such water wells. In the event any of Lessor's water wells, fences, crops, trees or any other property of Lessor or Lessor's tenants shall be damaged or ruined as a result of such exploratory operations, Lessee shall be liable to Lessor for the damages occasioned thereby. The Lessee shall promptly plug all shot holes, pile and remove all debris and restore the surface of the land to substantially the same condition as it was before commencement of such operations and construct terraces across any senderos made by Lessee on such land in a manner sufficient to prevent the erosion of the land. Lessee will obtain Lessor's permission to enter the leased premises in order that all tenants be notified of such operations and will submit a plat showing the location of any proposed seismic lines and crossings. Lessor shall receive a minimum of $200.00 per hole payable prior to any seismic exploration on the premises. If the 3-D method is used, a minimum of $15 per surface acre in the lease agreement will be paid by Lessee to Lessor.

At 9:55am on June 15, 2014, Bigfoot said…

I just re read the seismic post and saw that the 3-D didn't transfer properly when I copied it in.  Not sure why; but, anyway, the 3-1 is meant to be 3-D.

Good luck!

At 11:39am on June 20, 2014, Dusty said…

Bigfoot

I've learned a lot in the last couple of year from the stuff you and the others post on that Fayette Co. site that Washington Irving started.

Never heard of Dyson and figured they were probably a flipper but after checking it looks like they were set up in 2012 to handle land operations for a company called Centex Energy that offices in Bryan. 

Both those companies appear to be owned by Tony and Mike Dyson.  Before forming Centex in 2009 Tony Dyson headed a company called BWOC (Bryan Woodbine Operating Committee) that was the operator of the Bryan Woodbine Field. 

According to RRC Centex has drilled 4-5 horizontal Woodbine or Buda wells in the last five years, all in Brazos County, but it doesn't look like any of them turned out very good.  Since Dyson Energy was set up in 2012 they've done considerable leasing in Brazos and Burleson County, but I didn't see any in their name or that were done by Centex Energy in Washington, Lee or Fayette Co.

Hope that helps.

At 2:06pm on June 20, 2014, Bigfoot said…

Dusty:

Thanks for the research.  I did some research as well; but, you did better than I did, so thanks.  I've never met with Mike; but, I did meet with Tony on one occasion to map out a proposal which wasn't bad at the time, at least for our area.   Mike then followed the meeting I had with Tony and sent out a written proposal to all the people in a group I have been trying to help get leased.  About 4500 acres and about 30 people in the group.  He sent me a separate e-mail proposal as a follow up and sent a letter to everyone else; but, left out some of the agreement on the letter to the individual mineral owners.  $750/20%/3 years and $900/2 year option, plus a one year drilling commitment.  The drilling commitment was that they would drill at least one horizontal to a depth of at least the Navarro (~6000 feet).  In addition we would sit down and iron out a lease that made sense for both Dyson as well as our group.  Anyway, the bailed in about a week.  I heard later that they felt they had offered too much.

They have been back two more times working through a landsman group; but, with less of an offer each time and would never go above 20%.

Thanks for the information and hang in here.  If you can separate the "wheat from the shaft" there is a wealth of information.

At 4:54pm on June 21, 2014, Dusty said…

Interesting story.  It looks like those guys are for real and with a small group like that you at least have a chance of direct contact and being ablt to get more information than you ever would with one of the big outfits. 

I've had pretty good luck working with a small operator in East Texas but it's vertical wells on small spacing.  I think the tradeoff with these guys would be wondering if they would have the financial backing it takes to do the right kind of completion and operations if they found something, or you could end up with a "poor boy" operation having your land tied up at the point the big guys got interested.  It's a crap shoot.

 

At 7:07pm on June 21, 2014, Dusty said…

Bigfoot

Not sure if I'm responding right on this thing, but wondering about what you just said....Is the company that you said is calling the shots possibly Enervest?  If so that is somebody I've had dealings with in Washington Co and might be able to tell you something about.

Also not sure what you mean about the other group just being the operator. Are you saying you are negotiating with a group but one of of their working interest owners is really dictating what's happening? 

At 8:24pm on June 21, 2014, Bigfoot said…

It's a rather long and boring story; but, here goes.  About 9 months ago, a Landsman company by the name of Tracker Services showed up here.  I had already pulled my all my neighbors together into a group (over 4000 acres).  Since I had done this successively with another property of mine, I did this to help facilitate a decent lease as well as help people that had no idea what was about to take place.  Anyway, Tracker showed up trying to lease.  Absolutely the worst one sided lease I have ever seen, plus the were offering $250/1/6th/3 years and the same for a two year extension.  A couple of people in my group got leases through the mail with this offer and I told them this was a scam and to leave them alone.  Finally, one day Tracker called me and wanted to visit.  I didn't want anything to do with them but, they kept on until I agreed to meet with them.  That day, they agreed to raise the offer to $350/20%/3, plus a 2 year option, but, wouldn't budge much on the lease.  About a week later, Enervest held a meeting in Flatonia and scheduled a "Dog and Pony Show"!  I went to the meeting and realized that I didn't want anything to do with them.  Turns out that Tracker was the leasing agent for Enervest and they said they  were going to lease 100M-200M acres in four counties, Fayette, Gonzales, Bastrop and Caldwell. 

Tracker kept leasing but, kept the numbers at $350/20% and then after merging with Contango, Crimson moved into the area and started leasing.  Crimson worked my area and seemed like a much more Mineral Owner friendly than the Tracker bunch; but, till wanted to keep the numbers down.  At some point Crimson started raising their offers and then they signed an AMI with Enervest/Tracker, which pretty much shut the Mineral Owner out of the process.  We kept  dealing with Crimson up until about a month ago, when we were very close to making a deal and all of a sudden Crimson's leasing activity was stopped.  I mean it was like a light switch.  Then tracker took over all the leasing in our area and it has been down hill from there.

Some of the smaller properties in my  group have bailed out and signed with Tracker and a couple of larger properties around our group signed with the deal we were discussing with Crimson.  Now it turns out that Crimson seems to be doing the Operating and Tracker is still calling the leasing shots.  This week Crimson has filed two wells.  One just North of the group of properties I have been working with and one well to the West.  The pool for both wells join the properties in our group that still haven't signed.  Basically they have a "take it or leave it" approach to leasing approach to leasing and money and royalty is only a small part of the equation.  There lease is bad news in every respect and they won't budge. Most of us left in our group (about 2400 acres) are larger properties and are 6th or 7th generation owners, so we aren't willing to have the guys come in and rape us at any price.  We are very  willing to discuss lease issues; but, they  still keep the "take it or leave it approach"! 

Since Crimson is doing the operating, I would like to work with them; but, will not work with Tracker/Enervest under the present lease.

This is long and there may be some mistakes; but, the information is correct even if some of it doesn't make sense.

Thanks

At 10:51pm on June 21, 2014, Dusty said…

Thanks for taking the time to sharing that.  If I'm understanding it right that sure doesn't fit the things I've seen Enervest doing in our area. 

A couple of years ago I put a group together around my place in Washington County that was only about 1/4th the size you mentioned and negotiated leases with Enervest based on 3 year term with no option, 20% royalty going to 22.5% at payout, and $250 bonus. They then formed an 800+ acre unit and drilled a horizontal Chalk well with a single 5000' lateral they did a 20 stage frac. It's a decent well but will be a long time if ever recovering the $8 million plus they spent on it.

Maybe my expectations weren't very high since it had been a long time since anything had happened in our area, but I was satisfied with what EV agreed to do on our leases and the way they've handled the well.  The one landowner in our group whose lease allowed a wellsite made out pretty good, but it was partly because they didn't follow the provisions we had negotiated about needing prior approval of the location which gave them no leverage in settling on the market value of the area the used. 

The part that surprises me about what you described is that I've never seen Enervest put anything together that really looked like "exploration".

They started by buying out all of Anadarko's Austin Chalk position In Washington, Lee, Burleson and Brazos County (most of the wells having been drilled by Union Pacific who Anadarko took over from).  They then started doing reentries, adding additional laterals and in selected areas, like ours, doing some add-on type leasing and step out horizontal drilling.  As far as I can tell they never looked at anything except the Austin Chalk. Several years ago the farmed out to Apache all the deep rights on the acreage they had HBP in those four counties so they could test the Eagleford, but that never amounted to much I think partly because Apache didn't know what they were doing and weren't really dedicated to the Eagleford, and Apache ended up dropping it at the end of their original drilling commitment.  From what I can tell that same approach of buying an existing position and milking it is what Enervest has also done in other parts of the country.

The idea of them doing a big lease play in a new area, that I'm assuming would have to be targetting something besides the Austin Chalk, is surprising to hear.  They've got a lot of money to spend from those big institutional investor pools they put together, but I thought they were happy to stay focused on trying to optimize existing production with a little high percentage in-fill type drilling instead of anything that approached wildcating.  Sorry it hasn't worked out for you but I'll be interested to hear what happens from here.

  

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