Comments


  • Zorro, you sound like your really ontop of your game here. I would like your help here in answering some questions about leasing and top leasing. I have 375 ac that the SLIGO Shelf, Edwards Shelf and the Eagle Ford runs directly through.

    What should I do if I'm under lease currently with about 18 months remaining and offers of top leasing are being offered by several other companys?

    How far should I push these guys.., 20% royalyies 25%, what is avg plus the ac. amount per ac?

    How are drilling sites determind?

    There is alot I need to learn and maybe you can stear me in the right direction.

    Thanks for your time

    February 12, 2010 at 6:38 p.m.

  • Schlumberger White Paper on Shale Gas

    http://www.slb.com/media/services/sol...

    February 8, 2010 at 9:26 a.m.

  • 34 more rigs drilling in the Eagle Ford since August

    "the growing popularity of the Eagle Ford, this is summed up by a recent Ross Smith Energy Group report, which found that rigs operating in the play quadrupled from 11 in August to 45 in January. That's some serious heat down in South Texas."

    http://www.fool.com/investing/general...

    February 6, 2010 at 3:04 p.m.

  • Published: Feb 5, 2010
    Magnum Hunter sets $25M 2010 budget

    Eagle Ford
    For the Eagle Ford Shale, Magnum Hunter has earmarked roughly $7 million (28%). The company plans to horizontally drill two unbooked Eagle Ford Shale locations during fiscal year 2010, with one of these to be completed before mid-year. The company will be fracing this month an Eagle Ford Shale vertical well to test the fracturing and stimulation process for use on the company's Eagle Ford Shale mineral lease acreage inventory. The balance of Magnum Hunter's capex budget in the Eagle Ford Shale will be for additional leasing related activities that are currently ongoing

    http://www.ogfj.com/index/article-dis...

    February 6, 2010 at 1:54 p.m.

  • Eagle Ford Shale blog with compilation of current reports on drilling activity:

    http://shale.typepad.com/eaglefordshale/

    News continues to pour in from the Eagle Ford play that is absolutely astounding. It not hard to envision T. Boone Pickens proposal to convert all eighteen wheeler trucking to natural gas in the near future. Congress needs to act quickly and if a scintilla of bi-partisan co-operation were possible it would happen sooner rather than later. Pickens idea is being considered by Congress right now for what that is worth. It's a solid idea that would wean the US off a lot of imported crude. In all locations of the Eagle Ford, it is proving to be rich in liquids and has a definite oily trend to it. Soon we should see the infrastructure begin to take shape as the landscape becomes dotted with well sites, storage facilities, pumping stations and transmission lines. The Eagle Ford is going to be a huge boost for area employment.

    Without fanfare, without any one mystical moment, a sea change in new domestic energy supplies is occurring before our eyes and right in our own backyard. As additional wells steadily and continually are logged and more data comes in defining the extent of proven reserves of oil and gas deposits in the Eagle Ford Shale, the US is coming to realize our energy independence anew.

    Energy independence for the US will result in a structural change in geopolitics that should keep us from going down so many wrong roads. The Middle East, and it's oil and gas reserves, took us down some twisted trails. We are now on the cusp of not being held hostage to their natural resources once again as we were early in the 20th Century. That's big, really big.

    February 5, 2010 at 11:08 a.m.

  • Follow this link for maps by a geologist showing his interpretation of the formation based on currently available well logs and production data. It's still very early in the EFS play and the E&P companies are still testing the extent of the economically productive formation.
    http://users.hal-pc.org/~bgroth/index...
    A word of caution: Initial production (IP) rates don't necessarily reflect actual production rates but, yes, there are some very good wells on line allready.

    February 5, 2010 at 8:23 a.m.

  • Bwanablue

    I found the thread for Adelphi Energy but I did not find the maps. Can you post a link for the maps?

    I see a very recent report from Pioneer Natural Resources that is positively stunning in how prolific the wells are they have drilled in the Eagle Ford.

    http://www.tradingmarkets.com/news/pr...

    DALLAS, Jan 19, 2010

    "Pioneer Natural Resources Company today announced its second significant well in the Eagle Ford Shale in South Texas. The Robert Crawley Gas Unit #1 well, which is located in Live Oak County, Texas, flowed at an initial production rate of approximately 17 million cubic feet of gas per day on a 24/64 inch choke with 7,300 pounds per square inch wellhead flowing pressure."

    This is very positive news for the Victoria area oil and gas industry. There are going to be a lot of jobs created in this area from Eagle Ford shale development. Help is on the way for those out of work.

    February 4, 2010 at 5:36 p.m.

  • Maps? You want maps?
    May be counterintuitive but this link will lead you to the Adelphi Energy thread of Aussie Stock Forums message board. ADI is a small Australian independent that is joint ventured on some Karnes County Eagle Ford acreages. Best source for background info on the EFS I've come across. The link takes you (I hope) to page 231 of the thread. Just start working back through the other pages and learn more than you thought you'd ever want to know about the EFS.
    http://www.aussiestockforums.com/foru...

    February 4, 2010 at 3:53 p.m.

  • I finally found the link for the report on the Eagle Ford shale. It can be found at:

    http://www.tidalpetroleum.com/downloa...

    This report is from September of last year. There has been significant interest and additional drilling and leasing since it was published. The Eagle Ford is going have a major economic impact on the region. The Eagle Ford has been drilled and tested in the area and we will see a major increase in drilling this year. It's big, really big.

    February 4, 2010 at 10:47 a.m.

  • An excellent YouTube video about horizontal drilling can be accessed at:

    http://www.youtube.com/watch?v=Y37XbM...

    The technology for drilling and "fracing" the Eagle Ford shale is a rather new technology that is constantly being improved. If you own land in this formation and have not leased it yet, you should be aware that the Eagle Ford is in the early stages of exploration and development. As it becomes better identified the lease bonuses should rapidly escalate to higher prices and better lease terms.

    February 3, 2010 at 11:52 a.m.

  • Zorro
    Thanks. I guess you did not mean that the map you posted can be found on that website. Can you email it to me?
    Thanks
    HJ

    February 3, 2010 at 7:42 a.m.

  • HJ

    Here is a link to a map of the Eagle Ford.

    http://www.energyindustryphotos.com/e...

    I will try to find a link for the other more detailed map of the Eagle Ford and post it later.

    February 2, 2010 at 9:06 p.m.

  • HJ

    I have that map and additional information about the Eagle Ford drilling activity on an Adobe Acrobat pdf file. I will try to find a way to link it online. The map is dated and is from September of last year. There has been substantial additional drilling and leasing activity subsequent to the time that map was made.

    February 2, 2010 at 5:39 p.m.

  • We received a lease offer we agreed to as far as terms, on about 50 acres we own 6 miles NE of Yorktown.

    The last we heard, it will get done but for some reason it is on hold.

    February 2, 2010 at 4:27 p.m.

  • Where can I get a copy of this map that I can read? the print here is just too small?
    Thanks

    February 2, 2010 at 4:11 p.m.

  • EOG Resources has successfully drilled and completed quite a few prolific producing wells in the Eagle Ford near Cheapside in DeWitt County during 2009. ConocoPhillips made lease offers on virtually all the land in the Eagle Ford formation and play in DeWitt, Karnes and Lavaca counties in calender year 2008. EOG is currently actively picking up new leases in that same area from landowners that did not sign with ConocoPhillips earlier. It appears that EOG has bought, or is buying, much of the ConocoPhillips acerage in the Cheapside area of DeWitt County.

    DeWitt County is actively being leased and explored by EOG. The company continues to lease in the area and is moving updip into Gonazles and Wilson countries.

    Talon Development did a 50 square mile 3D Seismic survey of the area in 2008-2009.

    If you are aware of activity in specific locations currently being drilled, please post your information here.

    February 2, 2010 at 2:32 p.m.

  • The import of LNG is what crashed the oil and gas industry in south Texas last year. As people who work in the industry know, South Texas wells are 95% natural gas. Thus is driven by the price of natural gas not oil and not only is the U.S. importing LNG's but also subsidized it. Thank You Bush and Obama for cuting my pay by 2/3.

    February 2, 2010 at 1:34 p.m.

  • It's a wonder the free enterprise system could do this on there own with help from the government - I mean even without billions in subsidies, tax credits, loan guarantees and all the other crap, just amazing.

    February 2, 2010 at 1:22 p.m.

  • The Eagle Ford shale is a vast area in South Texas that is about to become very big "news" in our area. The map I have attached with this blog shows the boundaries of the Eagle Ford, which includes parts of DeWitt, Karnes, and Lavaca counties to the north of us.

    New technology and expertise has grown production of US natural gas to the point there is no more room to store it. This is a sea change from what was predicted just a few years ago. Earlier, projected scarcity resulted in the building of LNG facilites to import gas from abroad. America was expected to become the world's biggest importer of liquefied natural gas by 2010.

    We have been dealt a very lucky hand with the new technology that produces gas from shale. We now have enough of our own supply of natural gas to last 100 years at current usage. We have several natural gas fields in the US as large as any in the Middle East, one of which is the Eagle Ford here in South Texas.

    Without much fanfare, the major oil companies, which once focused their efforts primarily internationally, are moving back into the continental US. They are leasing, drilling, and ramping up to produce from the Eagle Ford.

    The US, and South Texas in particular, has an edge in natural gas production. We are well suited for rapid development, with huge gas deposits in lightly populated areas and a web of existing infrastructure to bring it to market. The global experts at "fracing" and getting to this resource are located in the US. One of the big players in shale is Range Resources, whose CEO John Pinkerton recently said:The technology used to access natural gas from shales is as complex and sophisticated as that used in the Apollo Space Program. Each shale play is like children - totally different. Not only the thickness, but in per centage of gas trapped in the rock, what pressure is required to fracture it, and so on, forcing changes on each play with drilling, which runs $3m-$5m a well. But the industry is always improving the process. Every six months or so there is some tweak that makes the wells incrementally better, incrementally cheaper. And that opens new areas to production.
    At this rate, the industry would do well to convert the natural gas import terminals into export terminals to get ready for the next stage in this boom."

    This is an exciting time for the oil and gas industry here in South Texas and the Victoria area. I would be pleased to have you post any news you might have in regards to the Eagle Ford on this blog. My hope is that this blog will remain active and as news develops of new wells drilled and leases signed, this will be the place where Eagle Ford news is posted. Thank you, and please contribute if you have any information.

    February 2, 2010 at 1:01 p.m.