Friday, March 4, 2011

Texas Oil Rumor: Update

Since I posted an educated guess on a well that hit a nice patch of oil in the Smackover horizon below the Haynesville Shale in Harrison Co. a couple of days ago, I've gotten some correspondence that generally reinforces my speculation.  There are other plausible rumors about Smackover oil in other locations of Texas and Louisiana (already suggested by Jefferies) that I'll hold back on publishing without more evidence.  The geology is challenging, but supposedly there are tangible results.

The post has also sparked some interesting discussion behind the scenes about leasing practices by certain companies that shall go unnamed (but you know who you are).  Also, one reader has heard that BP is trying hard to keep a lid on the rumors about the Nancy Brewster Gas Unit #8 (where it has apparently taken over operations).  What a hoot - BP trying to keep a lid on something!

In all, there is much intrigue that likely will be revealing itself soon.  Stay tuned and feel free to pass on any rumors, substantiated or not.  I can be reached at haynesvilleplay (at) gmail.com.

15 comments:

Anonymous said...

When do they have to report their production to the Railroad commission?

Robert Hutchinson said...

Eyewitnesses report that the completions team recently cleared out so it might be up to a month or two before the data is reported officially.

Anonymous said...

Any more updates on this rumor?

Robert Hutchinson said...

Actually, I've gotten some new information, but it is unverified - although very interesting.

But to paraphrase Ted from "Bill and Ted's Excellent Adventure," there is something afoot at the Circle K. Companies are working hard to tie up land, and I don't think it's a wild hair.

Anonymous said...

I look forward to hearing more when you get more information. Great site by the way.

Anonymous said...

Chevron may have learned something from their EMMA EDDY UNIT 24H and JEANETTE HARRELL 10H gas wells last fall. The were permitted to 16000 ft in Panola County. This spring they now have Oil and Gas wells being drilled to 16500. These are the FROST B UNIT 1H and LAGRONE, T. S. 1H.

These are horizontal wells

Anonymous said...

Note that there has been no production from these wells (Emma and Jeanette)noted in a RRC production report. I wonder if they are sitting on the results by not going into production or that I am missing something as I go thru the RCC search process.

Anonymous said...

I hate to be peppering the comment area however I keep finding interesting things. After another look at the W1 search results I see that Chevron had filed in late Jan/mid Feb 2011 with a 10,500 foot depth for both the Frost B and Lagrone wells. Then just 4 to 6weeks later they change the permit to 16,500 feet.

This tells me that there have been some recent discoveries. LOL just trying to do some detective work.

Anonymous said...

Skeptics have been saying that 16000 feet mentioned in these rumors would be too deep for oil in the East Texas/West Louisiana area. If the rumors are for real, what does Chevron know that the skeptics don't?

Anonymous said...

I look at MacMoRan's Davy Jones' find and suspect that there might be plenty of oil when you dig a little deeper.

Robert no updates??

Anonymous said...

http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=2104485&cmd=r&t=

Anonymous said...

Here's a better link... (GMXR)

http://www.b2i.us/profiles/investor/ResLibraryView.asp?BzID=1977&ResLibraryID=43972&G=112

Anonymous said...

GMXR's new quarterly report has a map showing their interests and they have added the Nancy Brewster #8 and the Jordan #3 showing their proximity to GMXR's holdings. Sounds like a confirmation to lots of rumors.

Kigorewinchester said...

Be careful not to equate 16,000' measured depth to TVD. The new play is above the LouAnn salt and most places in East Texas is 12,500' feet TVD ( True Vertical Depth ) give or take a few hundred feet. It is Norphlet sand according to Winchester's opinion. It is not Eagle Mills unless it is below the salt. The thickness is approx. 20 feet. The porosity can range from 18-26 % ( so far ). The permeabilty is backing out 100 md or better. This is what it's all about!

Robert Hutchinson said...

KW: I'm guessing you are questioning the horizontal wells on the list. They are included more because of the "free peek below" they might get when drilling the vertical portion of the well. I must say, though, that the suggestion is not that those wells would be the producers if oil is in fact down there.