ADI - Adelphi Energy
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choppy
cant seem to get any info on their wells, all i hear about is the antares well in mcmullen and bordovsky and of course the eog wells mainly..
plenty of drilling in karnes with
pioneer - 1 rig
eog - have to be 3 at least
dan hughes - 1 rig
TCEI - 1 rig presently
kennedy is being fracced right now
a hell of a lot busier than last year when the gfc and oil slump killed the share..
agree with you annwn. the charts look good..
great turnover for aut today and some small buying for adi also
early days.. but everyones very upbeat still on the sugarkane
cant seem to get any info on their wells, all i hear about is the antares well in mcmullen and bordovsky and of course the eog wells mainly..
plenty of drilling in karnes with
pioneer - 1 rig
eog - have to be 3 at least
dan hughes - 1 rig
TCEI - 1 rig presently
kennedy is being fracced right now
a hell of a lot busier than last year when the gfc and oil slump killed the share..
agree with you annwn. the charts look good..
great turnover for aut today and some small buying for adi also
early days.. but everyones very upbeat still on the sugarkane
Well the word is out on the Pioneer Crawley:
http://www.rigzone.com/news/article.asp?a_id=85928&hmpn=1
Best well in the dry gas trend so far.
17 mmcf/d.
WOW.
Starting to sound like Haynesville numbers.
http://www.rigzone.com/news/article.asp?a_id=85928&hmpn=1
Best well in the dry gas trend so far.
17 mmcf/d.
WOW.
Starting to sound like Haynesville numbers.
Yep AUT broke through its upper resistance line which is always very nice, however saying that by 7-10 days when #1 Kennedy and #1 Easley are likely to be done, I think the last few and next few days will seem so rediculously insignificant...
ADI, AUT and EKA need to get very smart on this and do a major combined press release when they flow thier first major one.... Im sure the floor will know by the volumes, but they need to get out from under the radar to all the news paper readers....
IMO the next few days to month will be the beginning of a major re-pricing on these stocks....once flow rates and possibly two wells are flowing, there would be funds and major investors that want to cash in on the small punters taking small profits....
ADI, AUT and EKA need to get very smart on this and do a major combined press release when they flow thier first major one.... Im sure the floor will know by the volumes, but they need to get out from under the radar to all the news paper readers....
IMO the next few days to month will be the beginning of a major re-pricing on these stocks....once flow rates and possibly two wells are flowing, there would be funds and major investors that want to cash in on the small punters taking small profits....
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"Pioneer Natural Resources Drills Second Successful Eagle Ford Shale Well
DALLAS, Jan 19, 2010 (BUSINESS WIRE) --
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. It was drilled to a true vertical depth of approximately 14,000 feet and completed in a 5,400-foot lateral section with a 16-stage fracture stimulation (frac). The well is currently producing to sales.
The new well is located approximately three miles south of Pioneer's previously announced liquids-rich Sinor #5 discovery well. The Eagle Ford Shale formation at the Crawley #1 location is 1,000 feet deeper and has a 30% thicker pay zone than at the Sinor #5 location.
Scott Sheffield, Chairman and CEO, stated, "As a continuation of our multi-well program to assess our acreage position, the objective of the Crawley #1 was to test productivity towards the dry gas window in a deeper, thicker Eagle Ford Shale section with a longer lateral and additional frac stages. With the highest gas rate reported to date in the play, the Crawley #1 exceeded our expectations and confirms that dry gas wells provide strong economics at today's prices. These results increase our confidence that the Eagle Ford Shale will be very prolific in both the liquids-rich and dry gas portions of our extensive acreage position and will add significant value for our shareholders."
To accelerate Eagle Ford Shale development, the Company is actively pursuing a joint venture, with bids expected in the second quarter of 2010. In response to the joint venture effort and in preparation for an aggressive development drilling program to be initiated in this play, Pioneer formed a new asset team to focus solely on the Eagle Ford Shale. Management responsibilities within Pioneer associated with the establishment of this team are detailed in a separate press release issued by the Company today.
Pioneer is a technology leader in this play with greater than 2,000 square miles of 3-D seismic data, logs from more than 150 operated wells, proprietary core samples and micro-seismic results. The Company is currently operating a two-rig horizontal drilling program, with wells in DeWitt and Karnes Counties underway, both of which are targeting liquids-rich areas."
http://www.tradingmarkets.com/news/...-successful-eagle-ford-shale-well-711124.html
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Here's the info on Pioneer's team they just put together for the Eagle Ford play mentioned in that report.
http://phx.corporate-ir.net/phoenix.zhtml?c=90959&p=irol-newsArticle&ID=1376521
http://phx.corporate-ir.net/phoenix.zhtml?c=90959&p=irol-newsArticle&ID=1376521
Pioneer Natural Resources Announces New Executive Management Responsibilities
DALLAS, Jan 19, 2010 (BUSINESS WIRE) -- Pioneer Natural Resources Company (NYSEXD) today announced the formation of a new Eagle Ford Shale Asset Team and the realignment of responsibilities for certain Executive Vice Presidents (EVPs) who are members of Pioneer's Management Committee. These changes are effective immediately and will support the Company's plans to potentially accelerate development of its sizable acreage position in the Eagle Ford Shale, including active pursuit of a joint venture partner, and to ramp up Spraberry drilling and other Permian services.
William F. Hannes, formerly EVP Business Development, has been named EVP South Texas Operations. Two asset teams will report to Mr. Hannes, the existing South Texas Asset Team and the newly formed Eagle Ford Shale Asset Team. The new Eagle Ford Shale Asset Team will focus on executing Pioneer's Eagle Ford JV strategy while preparing to initiate an aggressive development drilling program in the play.
Danny L. Kellum, formerly EVP Domestic Operations, has been named EVP Permian Operations and will focus his attention on Pioneer's expanding Permian activities, with executive responsibility for the Permian Asset Team and Permian integrated services. Pioneer plans to drill 1,000 wells per year by 2012 in the Spraberry Trend, the Company's largest asset.
Jay P. Still, EVP Domestic Operations, will add executive responsibility for Pioneer's Mid-Continent operations to his current responsibilities for the Company's Rockies, Alaska and Barnett Shale assets.
Chris J. Cheatwood, formerly EVP Geoscience, has been named EVP Business Development and Technology and will have executive responsibility for business development and geoscience/engineering technology.
Scott D. Sheffield, Pioneer's Chairman and CEO, stated, "Considering the magnitude of opportunity we foresee in the Spraberry Trend and Eagle Ford Shale, we have realigned our executive team to optimize our ability to capture and accelerate the value of these strategic assets."
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations primarily in the United States. For more information, visit Pioneer's website at www.pxd.com.
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choppy, whats your thoughts on bee county, crimson have drilled a few there and no news.. anyone hearing anything on their efforts?
(not to mention a very distant tcei jvp well down there a good while back)
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Yeah what's the deal, hand ? Went down to Karnes County last week and lost count of all the new rigs that are up in that area.
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Recent Sugarkane Drilling Permits
No insight here, just some facts from TRCC site. Things are picking up. Six drilling permits have been approved in the Sugarkane since 12/01/2009. Only ten permits were approved in Sugarkane the previous 12 months (11/30/2008 to 11/30/2009).
There are many additional approved drilling permits updip and downdip of Sugarkane.
Can't post links to details yet as this is my first post. So I just listed the company and name of the well FYI.
BURLINGTON RESOURCES O & G CO LP (109333) -- MARALDO A403
BURLINGTON RESOURCES O & G CO LP (109333) -- ESKEW NORTH UNIT
TEXAS CRUDE ENERGY, INC. (845062) -- EASLEY 28-1
TEXAS CRUDE ENERGY, INC. (845062) -- MORGAN 228-2
BURLINGTON RESOURCES O & G CO LP (109333) -- F. MALEK
BURLINGTON RESOURCES O & G CO LP (109333) -- BUTLER A-304
No insight here, just some facts from TRCC site. Things are picking up. Six drilling permits have been approved in the Sugarkane since 12/01/2009. Only ten permits were approved in Sugarkane the previous 12 months (11/30/2008 to 11/30/2009).
There are many additional approved drilling permits updip and downdip of Sugarkane.
Can't post links to details yet as this is my first post. So I just listed the company and name of the well FYI.
BURLINGTON RESOURCES O & G CO LP (109333) -- MARALDO A403
BURLINGTON RESOURCES O & G CO LP (109333) -- ESKEW NORTH UNIT
TEXAS CRUDE ENERGY, INC. (845062) -- EASLEY 28-1
TEXAS CRUDE ENERGY, INC. (845062) -- MORGAN 228-2
BURLINGTON RESOURCES O & G CO LP (109333) -- F. MALEK
BURLINGTON RESOURCES O & G CO LP (109333) -- BUTLER A-304
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Ive not seen a form of this type so am not exactly sure on the raw data details...
Most the RCC data I see is an a report indicating its meaning...not the raw data like this
But it would seem??? a massive find given huge depth distance bewteen TOL and BOL... across one small formation and subsequent producing interval of over 4000ft ???
Im not entirely sure on thier raw data they are reporting, but it would seem those Gas volumes per day are insanely high....unless im misreading it.... and especially if they are from the 4000ft interval...
The Pioneer Crawley was reported at 17 million cubic feet of gas per day on a 24/64 inch choke with 7,300 pounds per square inch wellhead flowing pressure... if that helps anyone
These latest ones appear to be on a smaller choke so thats getting out of my current league of interpretation...but my understanding was a smaller choke size inhibits flow volume, but raises pressure....and thus the same flow rate on a smaller choke indicates a higher volume....could be wrong on this and happy to have it blatently pointed out if i am please...
I have no idea how to interperet the related choke size pressures in section 2 and what they mean other then that in paragraph above...
Is that the way anyone else is reading it.... ....
Thus if thats correct, section 1 is inticating rediculously high gas volumes in Mcf per day.....
Anyone else???
In reference to Tordilla Kid's post - Im assuming Easley is the Easely as part of JVA.....
And the other TCEI is also part ???
Most the RCC data I see is an a report indicating its meaning...not the raw data like this
But it would seem??? a massive find given huge depth distance bewteen TOL and BOL... across one small formation and subsequent producing interval of over 4000ft ???
Im not entirely sure on thier raw data they are reporting, but it would seem those Gas volumes per day are insanely high....unless im misreading it.... and especially if they are from the 4000ft interval...
The Pioneer Crawley was reported at 17 million cubic feet of gas per day on a 24/64 inch choke with 7,300 pounds per square inch wellhead flowing pressure... if that helps anyone
These latest ones appear to be on a smaller choke so thats getting out of my current league of interpretation...but my understanding was a smaller choke size inhibits flow volume, but raises pressure....and thus the same flow rate on a smaller choke indicates a higher volume....could be wrong on this and happy to have it blatently pointed out if i am please...
I have no idea how to interperet the related choke size pressures in section 2 and what they mean other then that in paragraph above...
Is that the way anyone else is reading it.... ....
Thus if thats correct, section 1 is inticating rediculously high gas volumes in Mcf per day.....
Anyone else???
In reference to Tordilla Kid's post - Im assuming Easley is the Easely as part of JVA.....
And the other TCEI is also part ???
AgentM,
That completion report indicates flow rates between 2 and 3 million per day. (17 million is 17,000 mcf condog). The gas oil ration indicated that depending if they are producing 3 million per day they will be making around 850 barrels of condensate a day. That is 283 barrels per million. The flow rates don't have to be adjusted for choke size as they are calculated using choke size and pressure (for dry gas).
That is a pretty good flow rate for a well that is only acidized. I personally don't understand why burlington isn't fraccing their wells in this area. I think these wells are probably in the Austin Chalk not the Eagleford and that is why the difference in completion.
Answering your earlier question about the Crimson well: They have drilled and cased a vertical pilot well, and plan to go horizontal this spring is what I hear.
There original play was a backreef edwards/sligo play, but they have the Austin Chalk/Eagleford as well.
That completion report indicates flow rates between 2 and 3 million per day. (17 million is 17,000 mcf condog). The gas oil ration indicated that depending if they are producing 3 million per day they will be making around 850 barrels of condensate a day. That is 283 barrels per million. The flow rates don't have to be adjusted for choke size as they are calculated using choke size and pressure (for dry gas).
That is a pretty good flow rate for a well that is only acidized. I personally don't understand why burlington isn't fraccing their wells in this area. I think these wells are probably in the Austin Chalk not the Eagleford and that is why the difference in completion.
Answering your earlier question about the Crimson well: They have drilled and cased a vertical pilot well, and plan to go horizontal this spring is what I hear.
There original play was a backreef edwards/sligo play, but they have the Austin Chalk/Eagleford as well.
ahh yess ta....overlooked that one....
Thanks for such a detailed and timely correction ...
Whats the average cut off depth for the shale to chalk
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thats how i read it choppy
thanks for that, and also the crimson well info..
this in nov 09 from them
South Texas
In October 2009, we spudded the Dubose #1 exploratory well in our NW Pawnee prospect in Bee County, Texas targeting the Edwards, Eagleford Shale and Austin Chalk objectives. We recently reached our total vertical depth objective and are currently evaluating our next steps. Crimson is the operator with a 40% working interest after casing point.
i was curious about the marlene olsen just having an acid job, its very typical of conoco there, all these wells seem to have different completions, all are very much experimental. and we know that halliburton has published on their website the cobra frac being used in the eagleford.. and conoco is the operator they refer to and bordovsky was the success story!!
http://www.halliburton.com/ps/default.aspx?navid=1614&pageid=3027
conoco put a P&A on kunde 2 a few days back, they dont need that well anymore, it was designed to assist in getting data on the kunde 3 well when they were fraccing it.. i believe eme had a partnership in it.
extremely optimistic on adi atm, not hearing any negativity on the play at all. i think the hilcorp initiative speaks loudly myself, and the possibility of the adi wells being fracced and exceeding the acid treatment wells of cop imho is distinct eventuality. i would be staggered if they flowed less..
if you get 3 mmcfpd on acid treatments in the chalks, the presentation of adi recently start to bring home what the upside can be..
i may be buying more in the very near future..
thanks for that, and also the crimson well info..
this in nov 09 from them
South Texas
In October 2009, we spudded the Dubose #1 exploratory well in our NW Pawnee prospect in Bee County, Texas targeting the Edwards, Eagleford Shale and Austin Chalk objectives. We recently reached our total vertical depth objective and are currently evaluating our next steps. Crimson is the operator with a 40% working interest after casing point.
i was curious about the marlene olsen just having an acid job, its very typical of conoco there, all these wells seem to have different completions, all are very much experimental. and we know that halliburton has published on their website the cobra frac being used in the eagleford.. and conoco is the operator they refer to and bordovsky was the success story!!
http://www.halliburton.com/ps/default.aspx?navid=1614&pageid=3027
conoco put a P&A on kunde 2 a few days back, they dont need that well anymore, it was designed to assist in getting data on the kunde 3 well when they were fraccing it.. i believe eme had a partnership in it.
extremely optimistic on adi atm, not hearing any negativity on the play at all. i think the hilcorp initiative speaks loudly myself, and the possibility of the adi wells being fracced and exceeding the acid treatment wells of cop imho is distinct eventuality. i would be staggered if they flowed less..
if you get 3 mmcfpd on acid treatments in the chalks, the presentation of adi recently start to bring home what the upside can be..
i may be buying more in the very near future..
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New Sugarloaf AMI update out... looking good.. right on time too to get rid of the 16c sellers... would love a push past 18c resistance
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hi adobee,
Had a small holding on this and sold out on CTP to top up and on the ann looks like i've got on the right train. Nice to see no probs and all going well at the moment .175 was a good finish and am looking forward to next week . finally looks like things going in right direction !!!!
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I too am surprised Burlington is not fraccing their wells and agree with you choppy that the horizontal wellbore must be in the Austin Chalk. Since they are producing gas with a lot of condensate they must be intersecting some natural fractures in the chalk. If they fracced the wells they could reap some additional production from the Eagle Ford. Maybe they are planning a separate Eagle Ford program down the line.
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hey bubba, i agree with you...
new permit for pioneer just SE of kenedy towship
http://webapps.rrc.state.tx.us/DP/d...=Y&name=CHESNUTT+GAS+UNIT&univDocNo=485928010
chesnutt
adi announced the easely was drilling away and 3 stages of the kennedy safely done, no issues, one poster on hc reports huge pressure in the well post frac, must be talking to very chatty directors of one of the jvp members
very promising.. looking for a 5 - 9 mmcfpd well there imho
new permit for pioneer just SE of kenedy towship
http://webapps.rrc.state.tx.us/DP/d...=Y&name=CHESNUTT+GAS+UNIT&univDocNo=485928010
chesnutt
adi announced the easely was drilling away and 3 stages of the kennedy safely done, no issues, one poster on hc reports huge pressure in the well post frac, must be talking to very chatty directors of one of the jvp members
very promising.. looking for a 5 - 9 mmcfpd well there imho
