Austin Chalk Interest and Activity - GoEagleFordShale.com2024-03-28T09:42:55Zhttps://goeaglefordshale.com/forum/topics/austin-chalk-interest-and-activity?commentId=6447762%3AComment%3A101038&x=1&feed=yes&xn_auth=no
James/Mark:
I do not have a…tag:goeaglefordshale.com,2019-04-30:6447762:Comment:1032162019-04-30T19:50:00.051ZJoe D.https://goeaglefordshale.com/profile/JoeD
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<p>James/Mark:</p>
<p>I do not have any indication of the formation. But I do believe that this area has more to offer than just EF. I hope that Recoil can crack the egg on this. I know my neighbors leased to EOG, but to my knowledge they are not HBP and their leases must have expired. Since Recoil is across the road from my property, I can only assume that they have found enough land in the immediate area not held by EOG to put a block together that includes my…</p>
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<p>James/Mark:</p>
<p>I do not have any indication of the formation. But I do believe that this area has more to offer than just EF. I hope that Recoil can crack the egg on this. I know my neighbors leased to EOG, but to my knowledge they are not HBP and their leases must have expired. Since Recoil is across the road from my property, I can only assume that they have found enough land in the immediate area not held by EOG to put a block together that includes my property.</p>
<p>Can anyone recommend a good O&G lawyer that is knowledgeable in this area to help negotiate the term of the lease. The only other lease offer I've been presented was from EOG, almost exactly 10 years ago, those were the early days of EF and the terms I've been presented now are surprisingly less than EOG offered back then. I declined EOGs offer and currently live in England, so I haven't been following things closely. I'm just hoping to get a fair deal to help the family out back home. </p> Considering all that EOG has…tag:goeaglefordshale.com,2019-04-30:6447762:Comment:1030342019-04-30T14:45:31.709ZMarkhttps://goeaglefordshale.com/profile/MarkPrzywara
<p>Considering all that EOG has going on in the EF and AC trend plus the Permian Basin, there is massive competition for drilling capital dollars. I am thinking that - if an area is HBP - EOG won't be drilling infill wells unless the area is GREAT as to economics (and potentially self funding from production).</p>
<p>Recoil's website talks about "Eagle Ford oil trend focus" which matches their managements past expertise. But even if EF is their target, I guarantee that they are taking a good…</p>
<p>Considering all that EOG has going on in the EF and AC trend plus the Permian Basin, there is massive competition for drilling capital dollars. I am thinking that - if an area is HBP - EOG won't be drilling infill wells unless the area is GREAT as to economics (and potentially self funding from production).</p>
<p>Recoil's website talks about "Eagle Ford oil trend focus" which matches their managements past expertise. But even if EF is their target, I guarantee that they are taking a good look at the AC to see if merits their attention.</p>
<p>Just my opinion as always.</p> Joe D and Mark:
Thanks for th…tag:goeaglefordshale.com,2019-04-30:6447762:Comment:1032152019-04-30T13:34:51.695ZJames C. Maxwellhttps://goeaglefordshale.com/profile/JamesCMaxwell
<p>Joe D and Mark:</p>
<p>Thanks for the info re Recoil. My mineral rights are HBP by EOG, but maybe the recent increase in price and nearby interest by Recoil will induce EOG to drill some more.</p>
<p>And, Joe: Do you have any indication of which formation(s) Recoil is interested in?</p>
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<p>Joe D and Mark:</p>
<p>Thanks for the info re Recoil. My mineral rights are HBP by EOG, but maybe the recent increase in price and nearby interest by Recoil will induce EOG to drill some more.</p>
<p>And, Joe: Do you have any indication of which formation(s) Recoil is interested in?</p>
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<p></p> Great you got an offer from R…tag:goeaglefordshale.com,2019-04-30:6447762:Comment:1033082019-04-30T03:25:00.602ZMarkhttps://goeaglefordshale.com/profile/MarkPrzywara
<p>Great you got an offer from Recoil.</p>
<p>Recoil is a new private equity group that is run by Charles Cusack (ex top geo / manager in both Petrohawk and Halcon). Company is composed of some pretty savvy individuals with a LOT of unconventional experience.</p>
<p>Great you got an offer from Recoil.</p>
<p>Recoil is a new private equity group that is run by Charles Cusack (ex top geo / manager in both Petrohawk and Halcon). Company is composed of some pretty savvy individuals with a LOT of unconventional experience.</p> James,
My property is just no…tag:goeaglefordshale.com,2019-04-29:6447762:Comment:1030242019-04-29T20:06:16.961ZJoe D.https://goeaglefordshale.com/profile/JoeD
<p>James,</p>
<p>My property is just north of the Lang Unit (EOG) and south of Gawlik (now Recoil Resources, formerly Marathon). I just received a lease offer from Recoil Resources. </p>
<p>James,</p>
<p>My property is just north of the Lang Unit (EOG) and south of Gawlik (now Recoil Resources, formerly Marathon). I just received a lease offer from Recoil Resources. </p> Great question!
Bottom line f…tag:goeaglefordshale.com,2019-04-17:6447762:Comment:1027412019-04-17T14:37:06.671ZMarkhttps://goeaglefordshale.com/profile/MarkPrzywara
<p>Great question!</p>
<p>Bottom line first - I would not use the term "prime" with respect to the AC Hz frac play for this part of Gonzales County.</p>
<p>When EOG started making this play, they drilled wells across a broad area to test the concept and quantify / prioritize potential drilling areas from best to worst. They had a lot of AC info across this area based on their drilling and development of the deeper Eagle Ford section.</p>
<p>They drilled a few wells in Gonzales Co but then put…</p>
<p>Great question!</p>
<p>Bottom line first - I would not use the term "prime" with respect to the AC Hz frac play for this part of Gonzales County.</p>
<p>When EOG started making this play, they drilled wells across a broad area to test the concept and quantify / prioritize potential drilling areas from best to worst. They had a lot of AC info across this area based on their drilling and development of the deeper Eagle Ford section.</p>
<p>They drilled a few wells in Gonzales Co but then put their focus on other areas (e.g. Karnes County).</p>
<p>The Novosad 101H is an "OK" well. IP in the 750+ BOPDS range and early production around 600 BOPD. Attached is the production data (via DrillingInfo) to date. I figure that this well will eventually make around 350-400 MBO with 250-350 MMCF over its lifetime.</p>
<p>These results are at best marginal as to discounted economics in today's O&G market. There is zero urgency for EOG to try to drill more AC wells and try to get better results since this section is HBP by the deeper Eagle Ford production and will be for the foreseeable future.</p>
<p>Based on the well performance, I am thinking that there is a lesser reservoir quality (as to P&P) in the AC in this area. Plus there is a much lower gas content (and therefore the related reservoir energy) to help get the oil out of the rock and into the wellbore.</p>
<p>Some operators who have AC only rights may drill more AC wells in part of the trend - but assuming some consistency in the AC reservoir, the results will be marginal as to economic returns.</p>
<p>Just my opinion as always.</p> Mark,
EOG has drilled one AC…tag:goeaglefordshale.com,2019-04-17:6447762:Comment:1027382019-04-17T13:24:22.959ZDJChttps://goeaglefordshale.com/profile/DavidCole
<p>Mark,</p>
<p>EOG has drilled one AC well, Novosad 101 just West of Shiner, is this an area that could be prime for AC development?</p>
<p>Mark,</p>
<p>EOG has drilled one AC well, Novosad 101 just West of Shiner, is this an area that could be prime for AC development?</p> Agreed, we don't have any int…tag:goeaglefordshale.com,2019-04-16:6447762:Comment:1029502019-04-16T02:47:26.533Zbutashahttps://goeaglefordshale.com/profile/butasha
<p>Agreed, we don't have any intention of selling either. As always thanks for your opinion and input. Regards neighbor. </p>
<p>Agreed, we don't have any intention of selling either. As always thanks for your opinion and input. Regards neighbor. </p> I am not doing any continual…tag:goeaglefordshale.com,2019-04-16:6447762:Comment:1028372019-04-16T02:38:50.795ZMarkhttps://goeaglefordshale.com/profile/MarkPrzywara
<p>I am not doing any continual studies of the area to know who is doing spacing tests like this, but I am comfortable in saying that EVERY operator is evaluating this issue (i.e. how close can they put their laterals in a three dimensional situation to optimize oil recovery without negatively impacting well production - and economics).</p>
<p>With acreage being HBP, it is not a situation of when to drill and how to drill and how many to drill to get the most O&G out of the…</p>
<p>I am not doing any continual studies of the area to know who is doing spacing tests like this, but I am comfortable in saying that EVERY operator is evaluating this issue (i.e. how close can they put their laterals in a three dimensional situation to optimize oil recovery without negatively impacting well production - and economics).</p>
<p>With acreage being HBP, it is not a situation of when to drill and how to drill and how many to drill to get the most O&G out of the reservoir.</p>
<p>The shallower AC play creates a potential problem due to EF fracs growing upward and creating situations where the AC cannot be effectively frac'd. Similar issues in the Permian Basin horizontal plays.</p>
<p>I have some royalty interest with Pioneer wells near Kenedy. Like you, I have been seeing an increase in unsolicited offer to purchase my minerals. And some at much higher prices than before.</p>
<p>I'm never selling - especially with Pioneer looking to eventually sell their EF assets in this area.</p> Mark, do you know if COP is d…tag:goeaglefordshale.com,2019-04-16:6447762:Comment:1027352019-04-16T02:28:56.331Zbutashahttps://goeaglefordshale.com/profile/butasha
<p>Mark, do you know if COP is doing these close proximity wells any other place in the Eagle Ford? Or anyone else for that matter? We have mineral interest in close proximity to the Escondido wells but up to this point COP has only drilled enough to hold the leases. With that said it appears that COP has been in contact with us appears they will be drilling quite a few more in the near future.</p>
<p>We are also seeing a large increase in entities trying to buy out our mineral interest in the…</p>
<p>Mark, do you know if COP is doing these close proximity wells any other place in the Eagle Ford? Or anyone else for that matter? We have mineral interest in close proximity to the Escondido wells but up to this point COP has only drilled enough to hold the leases. With that said it appears that COP has been in contact with us appears they will be drilling quite a few more in the near future.</p>
<p>We are also seeing a large increase in entities trying to buy out our mineral interest in the area. We have been receiving offers for our minerals for quite some time but the offers have really increased in number and the amount that they are willing to pay has increased by quite a bit as well.</p>
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