ADI - Adelphi Energy

[SouthTexasPetro]

Onthebeach...

Interesting that Hillcorp would offer to buy Dewbre's interest in the Eagle Ford in Karnes Co. Why would Dewbre not drill it themself? I know their limited success in this play may be a reason; 2.4mm to .5mm "until recently". With that being said; I would anticipate that DPC would be looking to drill or jv this holding, if cash is a problem. They stand to make much more than 3M and the fact that leases are headed above the 1750 pt. in the area... seems to be an offer that I would refuse.

Hillcorp is a player and will be here for a while... Not sure if they know their offer has been made public... like this. Interesting.

 

[Ramblin Round]

People..........let's respect the offers and keep them private. It could hurt the JVP and ADI. Then nobody wins. Not that I'm wanting to tell others what to do. It's a free country, do what you want. Just know that there's a lot of money on the table and would hate for someone to sell me out on a public forum.

 

[SouthTexasPetro]

I agree completely. Deductive reasoning tells you who beach works for... he states it in his own posting. That is the type of info. that needs to be kept private from a corp. level as well as in this blog. Prices for acreage is fine and helps land owners know the market. The additional info regarding the play is accurate info. I only work with the info. in front of me.

 

[choppy]

Onthebeach...

Interesting that Hillcorp would offer to buy Dewbre's interest in the Eagle Ford in Karnes Co. Why would Dewbre not drill it themself? I know their limited success in this play may be a reason; 2.4mm to .5mm "until recently".

Dewbre's production in Karnes was historically from the Edwards. Comparing those flow rates/ decline to the eagleford is apples to oranges. I am speculating the real reason that Dewbre may be interested in farming out (onthebeach did say it was unsolicited so they may just drill it themselves) is the high development costs for the play.

Even the larger independents are getting JV partners to help fund development. Dewbre is currently operating one eagleford well in Atascosa County offsetting the EOG Peeler acreage.

 

[Agentm]

choppy

enduring finished off that eagleford well in karnes county

just 5 miles south of the ADI weston well, and in bee county, enduring have a permit going in the pawnee field for a wildcat

looks suspiciously like an eagleford completion to me,, your thoughts?

 

[Ramblin Round]

Damn talk about a hot spot. Directional rigs are EVERYwhere on that map !!! That's the sort of things dreams are made of.

 

[estseon]

Those short ones are drilled with the trend - they might be chasing a different horizon.

Almost all the Burlington wells, and all of ours, have been drilled at right angles to the trend - the Weston well is typical from what I recall.

Hilcorp's wells seem to follow the same orientation from maps posted.

 

[Agentm]

estseon

the pawnee is a field that chases the edwards like the fashing, those wells there are not eagleford, they ARE on a different horizon.. only a few on the trend are in the eagleford..

and only a few here like choppy and some other texan oilers are discussing those wells....

some local wells are discussed and some remain deeply hidden and never discussed, like the one drilled by TCEi in the AUT ipanema acreages..

the laterals there are all edwards except for the one i have pointed out, imho its not an edwards permit.. and its only imho..

nowhere have i said nor suggested that all those laterals on the rrc map are eagleford, no one is suggesting that for a moment, and everyone is aware of the huge gas field that has been developed there over the past decades..

there are thousands of wells in both trends..

kunde 1 was the discovery well for the sugarkane, a well burlington and texas crude energy inc did exploring the edwards backreef from memory, the rest is history..

 

[mick z]

geez estseon,

please check with the one that know all before posting havnt you learnt yet, please keep up with the program. LOL

cheers.

 

[choppy]

AgentM,

I would agree that the Enduring Nichols well is probably an Eagleford Test. Enduring is leasing heavily in the area for the Eagleford in addition to the acreage they already have leftover from their Edwards program. Lease bonuses in the area are skyrocketing to say the least. Hillcorp is actively trying to add acreage to their block.

 

[Ramblin Round]

Bordovsky is flowing at 1500 barrels a day !! That means it's generating over $100,000 per day in oil alone. I hear that the pipeline is already being planned to start connecting the dots in that area. Butler, Bordovsky, etc. will all be producing at record volumes.


IMHO and DYOR, but it's a nice day to have stock in this area. Literally.

 

[condog]

Bordovsky is flowing at 1500 barrels a day !! That means it's generating over $100,000 per day in oil alone. I hear that the pipeline is already being planned to start connecting the dots in that area. Butler, Bordovsky, etc. will all be producing at record volumes.


IMHO and DYOR, but it's a nice day to have stock in this area. Literally.

Thats a staggering figure. Whats the location of Bordovcsky relative to aMI , and how many frac stages etc was it. Im guessing its only in the eagleford, not the Austin.

 

[Ramblin Round]

Location of the Bordovsky =

GIS_LAT27 28.9391251
GIS_LONG27 -97.7972237
GIS_LAT83 28.9393784
GIS_LONG83 -97.7975018


Right near the town of Helena.

 

[choppy]

The Bordovsky well is just NE of the ADI acreages, right on trend. It is an eagleford horizontal but I don't know how many stages the frac was. The well's initial production was 4mmcfg and 1500 barrels per day.

The first month (october) it made 18500 barrels, the second month it made 14500 barrels and the third month it made 779 barrels.

I suspect they shut it in early in the third month to build a gas pipeline, becasue they were flaring the gas up until that point. Realistically it is more like a 500 barrel per day well.

When you frac the eagleford you will most likely at least partially drain the Austin Chalk.

 

[estseon]

Kennedy was half a well and it still managed 1,100 bbls + 4.3mmcfg when at an early stage of cleaning up. I think that to be Hilcorp magic.

 

[Agentm]

dan hughes started their next well the kowalik well north of the adi kowalik well
also north of the kowalik well there are 2 rigs drilling lyssy 4h and 5h side by side

pioneer has 2 rigs operating on the eagleford play in karnes, one on handy south of the bordovsky well, and one just east of the adi acreages called chessnut

not hearing much on the adi wells other than the weston well being seen to be flaring a while back, on clean up

rambling

in your county geosouthern have put in plenty of new permits along with conoco and enduring

choppy

i was looking with interest at the many wells in gonzales that eog have, then looked at an vertical and the horizontal that went on production last year.. i see the first horizontal well boosted the bopd to 500 in nov-dec 09..

 

[choppy]

Kennedy was half a well and it still managed 1,100 bbls + 4.3mmcfg when at an early stage of cleaning up. I think that to be Hilcorp magic.

There are alot of references around to "cleaning up". In reality I think that almost always your peak production rate is reached within the first week after flowback begins. I think its generally safe to assume that the reported IPs are peak rates.

 

[prgudula]

Half Year Report for the period ending 31 December 2009

report released and price went down to 28.5 cents. so is there anything in report we need to be worried about

 

[Sdajii]

Half Year Report for the period ending 31 December 2009

report released and price went down to 28.5 cents. so is there anything in report we need to be worried about

The price went down to 28.5c on tiny volume and before the announcement's release. After the announcement the bid is now back at 29c, so I don't think there was anything which spooked anyone. I looked through it and didn't see any obvious gremlins to be worried about or any exciting surprises (not that I'd necessarily recognise them).

 

[estseon]

Reports on wells frozen at 3rd March. There is some mention of 'lease maintenance'. Escrowed cash. Yemen 2nd block still up for sale. EKA says even less. The underwriters of the EKA share issue must know more and it must be comforting. If they have continued to drill Easley at the rate for the first 2.800 ft, it will be approaching TD some time this week.