ADI - Adelphi Energy

[Agentm]

Front page news right there !! I'm holding one in my hand as we speak. I am so glad I got into this play when I did. This is really exciting stuff !

i expect hilcorp will ring that paper and complain bitterly that they are putting out sensitive information on the eagleford that they want no one to know about.

keep in mind that hilcorp believe ALL information on the eagleford that all locals know about comes SOLELY from ME.. lol..

could you do me a favour and pull out all the papers from everyones mail box for me immediately, i dont want anyone stealing my limelight..

i think hilcorp underestimates the intelligence that the communities have in liveoak and karnes and dewitt.. my view is that playing that card will backfire on them..


lol

 

[Ramblin Round]

What's worse is how fast the hippies get ahold of this and use it against the oil/gas industry. Rubbish !

http://txsharon.blogspot.com/

 

[Agentm]

crimson has some acreages south of the conoco and adi acreages in bee county

this press release a few hours back

South Texas - Eagle Ford Shale

Crimson and its partners are nearing completion of strategic plans for the pursuit of the Eagle Ford Shale in our Bee County acreage. We own a 40% working interest in approximately 2,800 acres in the area. Plans likely will include the commencement of a horizontal well during the fourth quarter of 2010. The probable location of this well, in what we have designated as our Pawnee prospect area, is between successful Eagle Ford wells drilled recently by Conoco Phillips to the north and northeast and Pioneer to the southwest.

In our Fashing area, approximately 16 miles to the north of our Pawnee area, and where we own an approximate 50% working interest in 1,500 gross HBP acres, leasing and drilling activity has increased dramatically. EOG has been active, drilling and permitting horizontal wells approximately two miles north of our leasehold, which is currently believed to be in the oil corridor of the Eagle Ford Shale Play.

We also own a 95% working interest in approximately 4,600 gross acres in southeast Zavala County where activity targeting the Eagle Ford Shale in the oil corridor of the play has increased. Petrohawk has announced the initial results on their Redhawk Prospect located approximately 17 miles WNW and Chesapeake has drilled to total depth on their initial horizontal well in Zavala County approximately 6 miles N of our leasehold. We are currently reviewing the area for potential late 2010 or early 2011 company operated drilling activity.

 

[Agentm]

this from forbes


Forbes Energy Services Reports Selected Operating Data for March 2010


~ U.S. Rig hours up 21.7% year-over-year ~

~ Truck hours up 31.7% year-over-year ~

ALICE, Texas, April 12 /PRNewswire-FirstCall/ -- Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking hours for the month of March 2010.


John Crisp, Forbes Energy's President and Chief Executive Officer, commented, "Our industry is continuing to experience a robust recovery. Forbes is benefitting significantly from the recent strength in oil prices due to our exposure to oily markets, such as the Eagle Ford Shale in South Texas, the Permian Basin in West Texas, and Chicontepec in Mexico.

"In particular, we expect significant additional upside from our position in the Eagle Ford Shale. One of our largest customers recently stated, 'We believe the South Texas Eagle Ford horizontal crude oil play will prove to be one of the most significant United States oil discoveries in the past 40 years.' South Texas is Forbes core base of operations, and with seven of our twenty eight yards supporting the Eagle Ford, we have the infrastructure in place to continue to leverage our rapid growth in the play. With the youngest rig fleet engineered with the most modern technology, and with significant experience working in tight formations similar to the Eagle Ford, we believe Forbes is the best suited Company for managing the depth and complexity of these wells for our larger customers. Five of our top ten customers, and nine of our top twenty-one customers, operate in the Eagle Ford shale, resulting in more than one third of Forbes fluid logistics revenues currently being generated from this play.

"Pricing has firmed up across both of our operating segments. Although price increases have been sporadic across our geographic area, on average we see improvement throughout 2010 as strong oil prices continue to encourage increased activity."

Forbes Energy Services cautions that several factors other than those discussed above may impact the Company's operating results and that a particular trend regarding the factors above may or may not be indicative of the Company's current or future financial performance.

U.S. rigs generally work all weekdays except holidays. Mexico rigs generally work every day except holidays. Trucks generally operate every day except Sundays and holidays. Rig and truck hours represent actual hours billed to customers.

Forbes Energy Services Ltd. is an independent oilfield services contractor that provides a broad range of drilling-related and production-related services to oil and natural gas companies, primarily onshore in Texas, Mississippi, Pennsylvania and Mexico.

 

[Agentm]

the frac ops are about to commence or under way now on easley.. followed by the 5000 foot morgan the rancho grande

looks like a very interesting month ahead with plenty of very critical data to come through

liking the news very much myself


13 April 2010
Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online

SUGARLOAF AMI OPERATIONS UPDATE

Adelphi Energy Limited ("Adelphi") is pleased to provide the following update on operations at the Sugarloaf AMI within the Sugarkane Gas & Condensate Field, Texas.

Easley #1H

Adelphi has been advised by the Operator, Hilcorp, that the rig up of fracture stimulation equipment has commenced for the planned Easley #1H well fracture operations. It is expected to take approximately two weeks to stimulate approximately 3,000 ft of horizontal liner in a number of stages. The fracture stimulation design is similar to that recently successfully applied to the Kennedy #1H and Weston #1H wells. The well will be flowed to sales during cleanup.

Morgan #1H

The well was drilled to a Total Depth of 17,015 ft and production casing has been run and cemented across approximately 5,000 ft of reservoir section. This well is to be fracture stimulated soon after the completion of fracture stimulation operations on the Easley #1H well.

Rancho Grande #1H

This well was spudded on 25 March 2010 and as at 12 April had been drilled to a Total Depth of 16,957 ft. The length of the horizontal lateral drilled within the target reservoir is approximately 5,000 ft. The forward plan is to run and cement casing in the well followed by fracture stimulation in due course. As per the other Sugarloaf AMI wells, Rancho Grande #1H will be cleaned up and produced directly into sales upon conclusion of that operation.

 

[Agie82]

i expect hilcorp will ring that paper and complain bitterly that they are putting out sensitive information on the eagleford that they want no one to know about.

keep in mind that hilcorp believe ALL information on the eagleford that all locals know about comes SOLELY from ME.. lol..

could you do me a favour and pull out all the papers from everyones mail box for me immediately, i dont want anyone stealing my limelight..

i think hilcorp underestimates the intelligence that the communities have in liveoak and karnes and dewitt.. my view is that playing that card will backfire on them..


lol

So I guess if Hilcorp sends out numerous letters to landowners in southcentral Gonzales county offering 500 per acre, no one will breathe a word about it and keep it all to themselves. Especially when most of them are already leased for about a fifth of that amount. It makes you wonder if your really want to do business with them if they are that naive or worried about information "leaks".

 

[Ramblin Round]

Leasing is and always has been a nasty nasty part of oil and gas. Half of it is a flip of the coin and the better half is unethical at best. The landowners should just be glad they are in the game. Think how many acres in Texas is not circled for anything on these maps. Countless millions of acreas are worthless. How can landowners cry over getting 500/acre instead of 1000/acre when the rigs are on the way ? It makes no sense to me why any of it matters. Waaaah waaah all the way to the bank. If they were smart they would take their free money and go buy the hell out of Adelphi stock.

And THAT sir is indeed In My Honest Opinion.

 

[jestex12]

UPDATE 1-Pioneer Natural hits 4th successful well in Eagle Ford
Tue Apr 13, 2010 7:45am EDTStocks
Pioneer Natural Resources Company
PXD.N
$61.36
+0.52+0.85%
6:09am PDT
* Hits fourth successful well in Eagle Ford shale * Sees initial production rate of 19.9 mmcfe/d * Eagle Ford shale to add significantly to its production

Stocks | Energy

April 13 (Reuters) - Independent oil and gas producer Pioneer Natural Resources Co (PXD.N) said it drilled a fourth successful well in the Eagle Ford Shale in South Texas, and expects this shale to significantly add to its production.

The gas rich well located in Karnes County, Texas, tested at an initial production rate of 19.9 million cubic feet of gas equivalent per day (mmcfe/d), and is expected to be connected to a sales line by early May.

"With a gross resource potential of more than 11 trillion cubic feet equivalent, we expect the Eagle Ford Shale to add significant production and reserves," Chief Executive Scott Sheffield said in a statement.

Pioneer also said it is targeting liquids-rich areas with two rigs currently drilling horizontal wells in Karnes and Live Oak Counties, and it plans to ramp up drilling activity within the next few months.

Shares of the Dallas, Texas-based company closed at $60.84 Monday on the New York Stock Exchange. (Reporting by Thyagaraju Adinarayan in Bangalore; Editing by Jarshad Kakkrakandy)

 

[JOHAUD]

More on Pioneer

Pioneer Natural Resources Continues Successful Eagle Ford Shale Drilling Program
DALLAS, Apr 13, 2010 (BUSINESS WIRE) --Pioneer Natural Resources Company (NYSEXD) today announced its fourth successful well in the Eagle Ford Shale in South Texas. The Handy Gas Unit #1 well, which is located in Karnes County, Texas, tested at an initial production rate of 19.9 million cubic feet of gas equivalent per day (including 7.7 million cubic feet of gas per day and 2,030 barrels of condensate per day) on a 22/64 inch choke with approximately 6,300 pounds per square inch wellhead flowing pressure. This equates to a condensate yield of 263 barrels per million cubic feet of gas. The liquids-rich gas contains 1,300 British thermal units per cubic foot. The well was drilled to a vertical depth of approximately 13,100 feet and completed in a 4,400-foot lateral section with a 12-stage fracture stimulation. The well is expected to be connected to a sales line by early May.

Scott Sheffield, Chairman and CEO, stated, "We are very excited to have successfully drilled another highly productive well in the Eagle Ford Shale, especially one with the highest condensate production rate and yield per million cubic feet of gas as well as the highest combined gas and liquids production rate reported in the play to date. The well, which is located 17 miles southwest of our recent successful Riedesel #1 well and 36 miles northeast of our earlier Sinor #5 and Crawley #1 successes, further strengthens our confidence in the development potential of the 1,750 Eagle Ford Shale locations we have identified across our large acreage position, with most of these in the condensate window. With a gross resource potential of more than 11 trillion cubic feet equivalent, we expect the Eagle Ford Shale to add significant production and reserves while enhancing shareholder value."

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 targeting liquids-rich areas with two rigs currently drilling horizontal wells in Karnes and Live Oak Counties, and it plans to ramp up drilling activity within the next few months. To further accelerate Eagle Ford Shale development, the Company is actively pursuing a joint venture, with closing expected by the end of the second quarter of 2010.

 

[Agie82]

I would like to throw this out for info. purposes concerning frac water. Iknow reading some posts that this is definitely becoming as issure with drilling in Texas. I work for a company that has a patented system that removes heavy metals, chemicals, organics, and oils from water using a system that operates using electrocoagulation verses chemical treating. We operate one of the largest plating plants in the southwest and developed it for or own use treating zinc, nickel, chrome, alkalines and acids. We can run rates as low as 1-5 gal per minute up to 500 or better gal. per minute. One of our competitors, that has a good product, but not quite the capacity, was bought by Haliburton for frac water clean up. If you would pass this on to some of the frac companies that you have contact with or if you work for one and are intersted in the process, please contact me at apache@gvtc.com for additional info.

 

[Agentm]

great posts as usual here

nice to see some discussions on the pioneer handy well, and imho if you look at the whole play in central-east karnes, it looks very much like the eagleford is active throughout

this is the state of play as i see it and as its being reported in the press by eog, pioneer, meridian(Murphy drees 1h) and conoco

 

[Agentm]

turnbull 2h permit

this well from hilcorp is south and west of turnbull 1h..

could be longhorn, maybe not?? who knows..

 

[Agentm]

choppy

re that AZZ well. i recall they announced some staggering ip on the well

ASX/NEWS RELEASE 1 February 2010

INITIAL PRODUCTION – 15.4 MMCFE/D
18:1 Revenue Equivalency Basis
Project: Yellow Rose
Well: Frances Dilworth No. 2H
Working Interest: 75%
Location: McMullen County, Texas
Operator: San Isidro Development Company (25%)

Antares Energy is thrilled to announce the Initial Production (IP) rate of the Frances Dilworth No. 2H is 790 Bo/d and 900 Mcf/d with an initial flowing tubing pressure of 4,500 psi on a 22/64” choke. The well is flowing 53 API gravity oil and 1,300 MBTU/Mcf gas. This equates to a 15.4 Mmcfe/d rate on an 18:1 revenue equivalency basis accounting for the quality of the liquids rich gas.

looking at the ip report they lodged with the TRRC its pretty much different in every respect

what are your thoughts on that?

 

[choppy]

AgentM,

The observation you have made is kind of the 800 lb gorilla in the room so to speak. 24 hr IP's are almost useless in determining the economic success of the well. 30 day or 60 day average rates tell a lot more about what kind of well it is really going to be.

My bet is that the rate reported by San Isidro to the RRC is somewhat of a more stabilized rate than the initial ip reported. The initial rate could probably not be sustained.

This same thing will be true for many wells in the play. The operators like to report these barnburner ip's, but often the wells won't produce at that rate for more than a couple of days. For instance I heard the 17mmcf per day Pioneer Crawley well was down to 3 mmcf in about 45 days.

 

[Ramblin Round]

I agree to a point choppy, but you DO know they're choking these wells down quite a bit after announcing and logging until the pipeline is completed right ? I'm sure a man of your talent has already calculated that. They're showing off the potential of what it is capable of, but no need to continue that initial flow rate if you can't get the product anywhere fast enough. You just wait intil this pipeline is finished and you'll see the big $$$$$ moving!

 

[choppy]

they're choking these wells down quite a bit after announcing and logging until the pipeline is completed right You just wait intil this pipeline is finished and you'll see the big $$$$$ moving!

In a few instances this is true, but more often than not, surface facilities and pipelines are built before the wells are frac'ed and tested (this is especially true for the larger operators.)

 

[Jman2010]

I agree to a point choppy, but you DO know they're choking these wells down quite a bit after announcing and logging until the pipeline is completed right ? I'm sure a man of your talent has already calculated that. They're showing off the potential of what it is capable of, but no need to continue that initial flow rate if you can't get the product anywhere fast enough. You just wait intil this pipeline is finished and you'll see the big $$$$$ moving!

Companies always report the highest numbers they legally can for their stocks. I have heard the decline rate is much less compared to the Austin Chalk.

 

[Agentm]

Companies always report the highest numbers they legally can for their stocks. I have heard the decline rate is much less compared to the Austin Chalk.

i have to say it is the case of AZZ and the francis dilworth well if you consider that they announced the well with a spectacular 790 Bo/d and 900 Mcf/d and only achieved one third of that in reality

in february some 248 bopd is all it got, and thats a fact!!

then you have to agree the announcement was very much one worthy of raised eyebrows hey!

i will post up the february figures for that francis dilworth well

 

[rock86]

Weston results for Feb., only 9 days of production too.

Don't know if this has been posted already, if it has, my bad.

Not bad for a chalks well really, can't wait for these new wells data.

 

[lemontree]

SUGARLOAF AMI PRODUCTION AND OPERATIONS UPDATE
Adelphi Energy Limited ("Adelphi") is pleased to provide the following update on production
and operations at the Sugarloaf AMI within the Sugarkane Gas & Condensate Field, Texas.
Kennedy #1H
This well was the first to be brought on line following stimulation and has been on continuous
production since 29 January 2010, it has not yet had production tubing installed.
Q1 2010 gross production - 29/01/10 to 31/03/10 (62 days)
Total Gas – 151 mmscf (average 2.44 mmscf/d)
Total Condensate – 31,383 bbls (average 506 bpd)
Average Daily Gas Equivalent – 9.12 mmscfe/d^
60 day gross production
Total Gas – 148 mmscf (average 2.47 mmscf/d)
Total Condensate – 30,825 bbls (average 514 bpd)
Average Daily Gas Equivalent – 9.26 mmscfe/d^
Weston #1H
This well has been on continuous production since 16 February 2010 and has not yet had
production tubing installed. The 60 day gross production has been estimated to allow
comparisons to be made.
Q1 2010 gross production - 16/02/10 to 31/03/10 (44 days)
Total Gas – 253 mmscf (average 5.76 mmscf/d)
Total Condensate – 16,648 bbls (average 378 bpd)
Average Daily Gas Equivalent – 11.74 mmscfe/d^
60 day gross production*
Total Gas – 342 mmscf (average 5.7 mmscf/d)
Total Condensate – 21,351 bbls (average 356 bpd)
Average Daily Gas Equivalent – 11.4 mmscfe/d^
^equivalent gas rates have been calculated using an industry standard 12:1 conversion of oil
to gas and an uplift to the gas volume of 25% representing the high calorific content of the
gas.
*this figure is based on 57 days data and 3 days extrapolation based on the decline observed
in the last day of reported data.
2
On 25 March 2010 Adelphi reported 30 day average production figures (calculated on the
same basis) and these were: Weston #1H – 11.5 mmscfe/d and Kennedy #1H – 11.7
mmscfe/d.
By comparison the Petrohawk (NYSE:HK) announcement released on 01/02/10 had a 30 day
average from 19 wells in its Hawkville Field at 7.8 mmscfe/d and a 60 day average from 18
wells at 6.6 mmscfe/d when calculated on a 12:1 basis.

Agentm, do you think fitting production tubing will have a significant impact on the flow rates?