tag:blogger.com,1999:blog-50064147472076125112024-03-12T23:35:30.819-05:00Eagle Ford Oil & Gas Lease Information DeWitt CountyHelpful oil and gas leasing and farmout agreement information for Eagle Ford Shale landowners in the DeWitt and Gonzales County area.
PROUDLY A LANDOWNER ADVOCACY BLOG: the only landowner advocacy blog on the internet. The Eagle Ford provoketh thieves sooner than gold.Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.comBlogger59125tag:blogger.com,1999:blog-5006414747207612511.post-79892336912820035442013-09-28T20:41:00.000-05:002013-09-28T20:41:35.780-05:00Congressman Blake Farenthold In The Tank With Big Oil Congressman Blake Farenthold was elected to the House of Representatives to represent the people of South Texas. The unfortunate truth is that he has become a bought and paid for lap dog for Big Oil to the detriment of landowners, private property rights and the honest people of South Texas who mistakenly voted for him due to the false belief that he would be a conservative voice for the area. Weather he's a wolf in sheep's clothing or merely a bozo in Duckie Pajamas that work against landowner's and royalty owners interest, he has to be called out.
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1wLtvANJ2g-DEXZtQjI6rsZ_GlUO4Z9AXZmRw-Ej1u4Hmsg5vZhxKTYBJ42JjaKQpkzBq6aKUk5z-YqV0WvGYCskmlz3YpKql1gZ0015m47yzOZ61VY18wPcglMmuMUrenzIEN7mxZvY/s1600/Farenthold-Pajamas.jpg" imageanchor="1" ><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1wLtvANJ2g-DEXZtQjI6rsZ_GlUO4Z9AXZmRw-Ej1u4Hmsg5vZhxKTYBJ42JjaKQpkzBq6aKUk5z-YqV0WvGYCskmlz3YpKql1gZ0015m47yzOZ61VY18wPcglMmuMUrenzIEN7mxZvY/s400/Farenthold-Pajamas.jpg" /></a>Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-91188838592494723842013-08-26T14:54:00.002-05:002013-08-26T14:54:44.051-05:00August 26, 2013
Engineering and site analysis studies continue to go forward on the entire 70+ acre tract. The addition of three phase electricity is scheduled for US 183 along our property line. All options are on the table and are actively being studied, analyzed and weighed. If you have a high quality project in mind or a need for top tier high quality commercial real estate in the Hochheim area with US 183 access, let us hear from you. The advantages of this tract are to numerous to list. This is truly a rare opportunity for land with live water and is out of the flood plain, high traffic count major US highway with advantages of easy access to highway. One of a kind property without peers. Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-84024051697845790012013-08-26T14:41:00.000-05:002013-08-26T14:41:15.114-05:00August 26, 2013<br />
$200 Crude Oil <br />
<iframe src="http://www.slideshare.net/slideshow/embed_code/25533722" width="427" height="356" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" style="border:1px solid #CCC;border-width:1px 1px 0;margin-bottom:5px" allowfullscreen webkitallowfullscreen mozallowfullscreen> </iframe> <div style="margin-bottom:5px"> <strong> <a href="https://www.slideshare.net/TheMotleyFool/200-oil-fact-or-fiction" title="$200 Oil: Fact or Fiction?" target="_blank">$200 Oil: Fact or Fiction?</a> </strong> from <strong><a href="http://www.slideshare.net/TheMotleyFool" target="_blank">The Motley Fool</a></strong> </div>Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-28572107949642951562013-08-06T12:13:00.001-05:002013-08-06T12:13:26.202-05:00August 6th, 2013<br />
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<strong>UPDATE:</strong><br />
<strong> I have been busy working with engineers, surveyors and doing market analysis and traffic surveys in regards to the best use of the 70.15 acres on US 183 and the Guadalupe River. As most of you are aware, US 183 is currently undergoing a major widening project along that stretch of highway due to the enormous amount of traffic the highway is currently experiencing. There is also 3 phase electric service coming down the highway in the very near future. </strong><br />
<strong> The area situation is dynamic and fluid. There are thousands of wells to be drilled in the immediate area as well as petrochemical facilities on the drawing board that may ultimately impact how my acreage is developed. </strong><br />
<strong> If you have and idea for some kind of joint venture, I invite your suggestions. </strong><br />
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<strong>Mike Green</strong><br />
<strong><a href="mailto:libertadormg@gmail.com">libertadormg@gmail.com</a></strong><br />
<strong>tel 361 648 5800</strong>Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-47797812897624593952013-06-20T14:22:00.000-05:002013-06-20T14:22:22.739-05:00<span style="font-size: large;">I continue to analyze and evaluate different options that have presented themselves to date. A formal offer of land for sale will in all likelihood will not occur until complicated tax issues and development questions have been adequately assessed and addressed. While this exploration process continues we are open and willing to listen to legitimate development offers, ideas and suggestions as to the best use of the land. The fact that this tract has 1/2 mile of live water on the Guadalupe River, substantial US 183 highway frontage and electric service infrastructure in place makes it a premiere location for multiple development ideas. </span><br />
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Parcels of the 70.15 acre tract of land fronting on both US 183 and the Guadalupe River will soon be offered for sale. Check back here for details about property offerings very soon.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ay1S8hUK21WR3JbyRQD8LxLKKS-veru33DvHYZBPhMiSrQO8kkP_XopeVArDaIXmaLhedzldu7ezl-2dp_H-zTq3kG92EQKsFfS8nHt-tB_m8LTzbFRsQIu2QAfy2BHCCaXVYzvR4V0/s1600/Mike+Green+(1).jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="276" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ay1S8hUK21WR3JbyRQD8LxLKKS-veru33DvHYZBPhMiSrQO8kkP_XopeVArDaIXmaLhedzldu7ezl-2dp_H-zTq3kG92EQKsFfS8nHt-tB_m8LTzbFRsQIu2QAfy2BHCCaXVYzvR4V0/s320/Mike+Green+(1).jpg" width="320" /></a></div>
This map is the official FEMA flood plain designation. Most of the subject property coming up for sale is outside of the 100 year flood plain.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfGIZBFSLD5dRYvl3zHy3L0dLqDg7uVU8lAC8i4bhP_JhALAvIa37yvuAgQaICdYPCYZywfvgwy5xuwC1uWvsUD6QWIvv1aNO0Ca8sccyeAlc7kEv02uRs7u1kKVtqltr2zV0I3JtmYDc/s1600/tracts+for+sale.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfGIZBFSLD5dRYvl3zHy3L0dLqDg7uVU8lAC8i4bhP_JhALAvIa37yvuAgQaICdYPCYZywfvgwy5xuwC1uWvsUD6QWIvv1aNO0Ca8sccyeAlc7kEv02uRs7u1kKVtqltr2zV0I3JtmYDc/s400/tracts+for+sale.PNG" width="400" /></a></div>
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Live Water Property on the Guadalupe River with multiple buildable home sites are extremely rare to find in South Texas. This property has both home and recreational uses for boating, swimming, fishing, and scenic enjoyment. Owning a live water tract is the ultimate status symbol.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw_i_F6Wlzbb-KaS9l1LXLVavPmU4ZRIjszdjST6qCPFIe1fRT2CcIghdL_1YOqCRbvktp67I_1vw-EKjrBcCeGpfFhcpBWmfO4tdXcm0Imp54TYqrwFKmD7gL2VxjXsmr6U88BRRjdUI/s1600/Steen+topo.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="173" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw_i_F6Wlzbb-KaS9l1LXLVavPmU4ZRIjszdjST6qCPFIe1fRT2CcIghdL_1YOqCRbvktp67I_1vw-EKjrBcCeGpfFhcpBWmfO4tdXcm0Imp54TYqrwFKmD7gL2VxjXsmr6U88BRRjdUI/s400/Steen+topo.PNG" width="400" /></a></div>
USGS topographic map<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiG-n9Nat3pUKWVrOYorxCY40IRXhW0L8i1S4xNHV95Bk1Uhceht9Nes8STDa571AVDmmwbo3BcS-JP1WXLLDFess978kjukheH-HYwpvfzp8AsKwNt0JAHGVjMGW7J_CCjdRZohHdln5E/s1600/FEMA+Hochheim+area.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="282" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiG-n9Nat3pUKWVrOYorxCY40IRXhW0L8i1S4xNHV95Bk1Uhceht9Nes8STDa571AVDmmwbo3BcS-JP1WXLLDFess978kjukheH-HYwpvfzp8AsKwNt0JAHGVjMGW7J_CCjdRZohHdln5E/s400/FEMA+Hochheim+area.PNG" width="400" /></a></div>
FEMA map<br />
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<img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHdP304FycBOke7tbfnbqbDwXi9iLlUxE1wAiz0vssxy_js6488-IA86Wm45QBLMnTBvJEsWUY_2eQDuHZGSJqJfVG1uZs2t67hx8xzMDaY5nNscou5Jj9jk5pZC1H4dDnn7uBRM5xZEs/s400/Steen+Plain+topo.PNG" width="400" /></div>
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The FEMA and USGS topo maps clearly show the vast majority of land in the Steen Plain is either in the floodway or the flood plain. There quite simply is precious little land in the area that is not subject to severe flooding. </div>
Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-44104736282355348042013-05-08T19:35:00.001-05:002013-06-11T10:21:32.662-05:00Guadalupe River Land For Sale<span style="font-size: large;">Unforeseen and unexpected interest and options have arisen which have caused a delay in the offering of tracts for sale. I hope to have these issues resolved relatively soon. I apologize for the delay in offering tracts for sale. Tracts should be identified and priced as soon as possible barring any prior sale.</span><br />
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Parcels of the 70.15 acre tract of land fronting on both US 183 and the Guadalupe River will soon be offered for sale. Check back here for details about property offerings very soon.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ay1S8hUK21WR3JbyRQD8LxLKKS-veru33DvHYZBPhMiSrQO8kkP_XopeVArDaIXmaLhedzldu7ezl-2dp_H-zTq3kG92EQKsFfS8nHt-tB_m8LTzbFRsQIu2QAfy2BHCCaXVYzvR4V0/s1600/Mike+Green+(1).jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="276" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ay1S8hUK21WR3JbyRQD8LxLKKS-veru33DvHYZBPhMiSrQO8kkP_XopeVArDaIXmaLhedzldu7ezl-2dp_H-zTq3kG92EQKsFfS8nHt-tB_m8LTzbFRsQIu2QAfy2BHCCaXVYzvR4V0/s320/Mike+Green+(1).jpg" width="320" /></a></div>
This map is the official FEMA flood plain designation. Most of the subject property coming up for sale is outside of the 100 year flood plain.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfGIZBFSLD5dRYvl3zHy3L0dLqDg7uVU8lAC8i4bhP_JhALAvIa37yvuAgQaICdYPCYZywfvgwy5xuwC1uWvsUD6QWIvv1aNO0Ca8sccyeAlc7kEv02uRs7u1kKVtqltr2zV0I3JtmYDc/s1600/tracts+for+sale.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfGIZBFSLD5dRYvl3zHy3L0dLqDg7uVU8lAC8i4bhP_JhALAvIa37yvuAgQaICdYPCYZywfvgwy5xuwC1uWvsUD6QWIvv1aNO0Ca8sccyeAlc7kEv02uRs7u1kKVtqltr2zV0I3JtmYDc/s400/tracts+for+sale.PNG" width="400" /></a></div>
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Live Water Property on the Guadalupe River with a buildable home site is extremely rare to find in South Texas. This property has both home and recreational uses for boating, swimming, fishing, and scenic enjoyment. Owning a live water tract is the ultimate status symbol.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw_i_F6Wlzbb-KaS9l1LXLVavPmU4ZRIjszdjST6qCPFIe1fRT2CcIghdL_1YOqCRbvktp67I_1vw-EKjrBcCeGpfFhcpBWmfO4tdXcm0Imp54TYqrwFKmD7gL2VxjXsmr6U88BRRjdUI/s1600/Steen+topo.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="173" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw_i_F6Wlzbb-KaS9l1LXLVavPmU4ZRIjszdjST6qCPFIe1fRT2CcIghdL_1YOqCRbvktp67I_1vw-EKjrBcCeGpfFhcpBWmfO4tdXcm0Imp54TYqrwFKmD7gL2VxjXsmr6U88BRRjdUI/s400/Steen+topo.PNG" width="400" /></a></div>
USGS topographic map<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiG-n9Nat3pUKWVrOYorxCY40IRXhW0L8i1S4xNHV95Bk1Uhceht9Nes8STDa571AVDmmwbo3BcS-JP1WXLLDFess978kjukheH-HYwpvfzp8AsKwNt0JAHGVjMGW7J_CCjdRZohHdln5E/s1600/FEMA+Hochheim+area.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="282" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiG-n9Nat3pUKWVrOYorxCY40IRXhW0L8i1S4xNHV95Bk1Uhceht9Nes8STDa571AVDmmwbo3BcS-JP1WXLLDFess978kjukheH-HYwpvfzp8AsKwNt0JAHGVjMGW7J_CCjdRZohHdln5E/s400/FEMA+Hochheim+area.PNG" width="400" /></a></div>
FEMA map<br />
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<img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHdP304FycBOke7tbfnbqbDwXi9iLlUxE1wAiz0vssxy_js6488-IA86Wm45QBLMnTBvJEsWUY_2eQDuHZGSJqJfVG1uZs2t67hx8xzMDaY5nNscou5Jj9jk5pZC1H4dDnn7uBRM5xZEs/s400/Steen+Plain+topo.PNG" width="400" /></div>
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USGS topographic map</div>
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The FEMA and USGS topo maps clearly show the vast majority of land in the Steen Plain is either in the floodway or the flood plain. There quite simply is precious little land in the area that is not subject to severe flooding. </div>
Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-60371366777611368082013-03-01T10:31:00.000-06:002013-03-01T10:31:30.197-06:00ON VACATION My apologies to those of you who have been wondering what happened to my Eagle Ford blog. Well, long story short, the story is getting a little long in the tooth and so many others are covering what is going on that I have begun to feel a little superfluous chiming in. I'm very proud to have been the first to recognize the true value of the Eagle Ford and I did my level best to let all landowners know what was going to happen. Now I am leased, perhaps the last to do so, and there is far less need for my commentary. I am trying to think how I can re-brand this blog to serve landowners as I have been doing for so long now. I will keep you posted, so check back and see what I have in store. Thanks for all your past support. This blog has received several hundred thousand page views and is ranked highest of all Eagle Ford blogs on Google search. You guys have been listening to what I have been preaching. My hope for each of you is that you attain the success that I have by being armed with the information you need to know.Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-30926457437494403692012-10-31T13:33:00.002-05:002013-02-12T13:38:50.377-06:00<br />
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<b>HIGH GRADE PREMIER EAGLE FORD TRACT</b></div>
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<span style="font-size: large;"><b>Eagle Ford Volatile Oil Window PUD Status Acreage</b></span></div>
<span style="font-size: x-large;"><b>High-Grade 45-50 degree API Volatile Oil w/88% Liquids</b></span></div>
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<span style="font-size: x-large;"><b>DeWitt County In The Heart Of The Best Acreage</b></span></div>
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<b>contact owner Mike Green at 361-648-5800 email libertadormg@gmail.com</b><br />
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70+ acre tract in the high grade Eagle Ford overpressure volatile oil window near Hochheim, Tx. This irregular shape property should allow for a drilling program with multiple laterals. Tract is located in the Simon Bateman A-4 Survey in DeWitt County, virtually straddling the DeWitt/Gonzales County line and adjacent to the Enterprise pipeline. It is believed that EOG Resources has proved up this area with adjacent PDP acreage in the Meyer Unit, that it is thick shale, and that the reservoir quality contains high quality 45 degree API volatile crude oil. This acreage is highly strategic and prospective for volatile oil. Nearby EOG wells are PDP 77% Oil, 88% Liquids. Repeatable high IP well results consistently being seen across this over pressure trend with some wells having IPs over 6,000 bopd. Burrow Unit A 2-H peak 24-hour rate of 7,276 boe/d. </b></span><br />
<span class="Apple-style-span" style="font-size: large;"><b style="background-color: white;">This property is located on a major highway, US 183, and is directly across the road from the EOG Meyer Unit. Tract has over 1,600 ft of US 183 highway frontage, approximately 1/2 mile Guadalupe River frontage, it is very close to the Enterprise pipeline, and comprises the only substantial acreage in the area that does not flood for approximately a mile in all directions. This land quite simply has multiple superior strategic advantages for developing the Eagle Ford in the Steen Plain area of the Eagle Ford oil and NGL windows. All adjacent tracts are leased to EOG Resources. Notable is the fact that very little land in the immediate area did not flood in 1998 with the notable exception of a good portion of this property. All depths and horizons are available, including the Pearsall.
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<span class="Apple-style-span" style="border-collapse: separate; color: black; font-family: 'Times New Roman'; font-size: medium;"><span class="Apple-style-span" style="border-collapse: collapse; font-family: arial, sans-serif; font-size: 13px;"><b>CONTACT OWNER MIKE GREEN 361 648 5800</b></span></span></div>
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<b> There is extensive drilling being done in the immediate area and the 70.15 acres tract available is located right in the sweet spot middle of several drilling units in the area. </b><br />
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<b>High Grade Area</b></div>
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<b>The Meyer Unit is across the road on US 183 and Burrow B Unit next door from the subject property, indicating PUD status. This property is sandwiched between leased property nearby.</b><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWMnd_NTvsvdLYFhUXChWoXFGG8WbhCNOU0Uxos-GtVf3qpXbbFPS9LbwDdr-xNeQy6pl5i2FxIqswUVXeC9Q3ZsMDYL4THXTQq-107-Ern5yqMQJfjBITIccAP9uLBzJWlXQIBAPB440/s1600/Hochheim+google+earth+view+with+wells.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="301" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWMnd_NTvsvdLYFhUXChWoXFGG8WbhCNOU0Uxos-GtVf3qpXbbFPS9LbwDdr-xNeQy6pl5i2FxIqswUVXeC9Q3ZsMDYL4THXTQq-107-Ern5yqMQJfjBITIccAP9uLBzJWlXQIBAPB440/s400/Hochheim+google+earth+view+with+wells.png" width="400" /></a></div>
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<b>Irregular shape should allow for more lateral's</b></div>
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<b>High Ground elevation in large flood plain. Potential drilling site above historic flood level of 1998</b></div>
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<b>Major highway frontage on US 183</b></div>
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<b>Meyer Unit across highway and Burrow B Unit on property line</b></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_Mb3_y6u_0WwebUzwbU2crZE2bba7_ZeVAtVkFb0zwLD0joT_xIDR17dvXS6kJlWN1X-HBjgH91tuTB18B8pZZBJW6pA0-r9McGKzTroAe5pmHuDd7vLDWIEIl8ZQiG3AUlqKAomnRiM/s1600/Burrow+B+Unit...tif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_Mb3_y6u_0WwebUzwbU2crZE2bba7_ZeVAtVkFb0zwLD0joT_xIDR17dvXS6kJlWN1X-HBjgH91tuTB18B8pZZBJW6pA0-r9McGKzTroAe5pmHuDd7vLDWIEIl8ZQiG3AUlqKAomnRiM/s400/Burrow+B+Unit...tif" width="242" /></a></div>
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<b>Area is being rapidly developed with infill drilling</b></div>
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<b>High ground on US 183</b></div>
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Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-91061774409288145612012-10-28T10:29:00.000-05:002012-10-28T10:29:09.124-05:00At DUG Eagle Ford Rosetta Resources Makes Bold Claims<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVVQplfaUOLTOgZ-RJFwMt3Ia0d8wZolENr9ziUDzj75gnj_z2L7ik8Ul2z5WyFDwK5yE5fKTj21S28e5jVfsbKPmbOrS7UCY7sFuSsoIAt5nMhPRKh-eJF8xwLnlf5Hs9nkmg6NBHuPc/s1600/Rosetta+1.67+million+F%2526D+costs.PNG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVVQplfaUOLTOgZ-RJFwMt3Ia0d8wZolENr9ziUDzj75gnj_z2L7ik8Ul2z5WyFDwK5yE5fKTj21S28e5jVfsbKPmbOrS7UCY7sFuSsoIAt5nMhPRKh-eJF8xwLnlf5Hs9nkmg6NBHuPc/s1600/Rosetta+1.67+million+F%2526D+costs.PNG" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em;"> $4.65 Finding & Development cost per barrel of oil</a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVVQplfaUOLTOgZ-RJFwMt3Ia0d8wZolENr9ziUDzj75gnj_z2L7ik8Ul2z5WyFDwK5yE5fKTj21S28e5jVfsbKPmbOrS7UCY7sFuSsoIAt5nMhPRKh-eJF8xwLnlf5Hs9nkmg6NBHuPc/s1600/Rosetta+1.67+million+F%2526D+costs.PNG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"> Spacing on 55 acres EUR 1.67 MMBoe</a></div>
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<tr><td class="tr-caption" style="text-align: center;">Rosetta delivers a Eagle Ford money making machine</td></tr>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ZOzq6HpIKHGC14xnFzfzZ9lIPUGNZ61HkapcqBhqCZAKdBevB4VcbSo18NbFcX8TBRKxSDT49FMspBARZjRyEdPUb71wsvqiwqK_Wx-PizPaPpeGkYJoQ75Pwn071p1pSCmLpQ6te6w/s1600/Rosetta+1.67+million+boe.PNG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ZOzq6HpIKHGC14xnFzfzZ9lIPUGNZ61HkapcqBhqCZAKdBevB4VcbSo18NbFcX8TBRKxSDT49FMspBARZjRyEdPUb71wsvqiwqK_Wx-PizPaPpeGkYJoQ75Pwn071p1pSCmLpQ6te6w/s400/Rosetta+1.67+million+boe.PNG" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Rosseta brings it home</td></tr>
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With it this good in the Maverick Basin imagine how much better it is in the eastern Eagle Ford along DeWitt/Gonzales county line where the over pressure volatile oil is?</div>
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slides from Rosetta Resouces presentation</div>
Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-55748067309309528412012-10-19T08:13:00.000-05:002012-10-19T08:13:40.886-05:00Marathon High-Grading Eagle Ford Acreage<br />
Marathon High-Grading Eagle Ford Acreage<br />
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The recent decision by Marathon to sell-off approximately 97,000 acres of their less economic dry gas and marginal black oil window Eagle Ford acreage in order to focus and concentrate on drilling and developing their over pressure volatile oil window acreage is roundly seen by analyst's as a net positive for the company. There has lately been a virtual stampede among operators to sell off non-core assets. Shedding their less economic acreage in favor of holding and fast-track developing their over pressure volatile oil window has become the du jour operator business model to follow of late. This sale will further enhance and validate the wisdom of last year's purchase by Marathon of an approximately 65% working interest in a large swath of EFS acreage from Hilcorp for $25,000 per acre. At the time last year Eagle Ford naysayers and those of little faith of the extreme economics of the play blustered profusely how foolish the $25,000 per acre price paid was. If as expected, Marathon successfully flips this less valuable acreage for the average price it paid last year of $25,000 per acre it will be seen by investors as smart business move.<br />
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A chorus of crude oil experts at the DUG Eagle Ford Conference recently joined in singing the praises of the Eagle Ford by proclaiming it's as good or better than anything found in the Middle East. The light sweet volatile oil window is just awesomely economic beyond belief. As operators pivot into oil factory mode and the extreme economics are better understood there will be deals for many, many multiples of the highest prices paid per acre to date. Publicly we know that Aurora Oil & Gas paid over $100,000 per acre for approximately 70% working interest in Sugarkane acreage in Karnes County a few months back. Expect private deals in the future to shatter this once thought lofty price. The show has just begun, Eagle Ford is the wonder of the oil industry today.<br />
Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-89401903916056896232012-09-18T12:34:00.000-05:002012-09-18T12:34:57.600-05:00Valuing Eagle Ford Acreage<br />
<div class="MsoNormal"><b>Valuing Eagle Ford Oil and Gas Assets</b><o:p></o:p></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">What is the value of the oil under your land in the Eagle Ford? It turns out that it’s not that difficult to learn the answer to that question by doing a little online research and putting that knowledge to work. With the enormous values being paid today between operators for undeveloped acreage in the Eagle Ford it’s the duty of us landowners to understand what we own. To do otherwise is dereliction. I see it as our sacred duty to protect our families by making them aware and passing on important information regarding the value of our land. Whether leased or not, you can get a better understanding of what you own by starting with the articles I have hyperlinked below.<o:p></o:p></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b>Valuing Oil and Gas Assets In The Courtroom</b></div><div class="MsoNormal"><a href="courtroomhttp://tkbpl.com/resources/documents/Valuing%20Oil%20and%20Gas%20As...">Courtroomhttp://tkbpl.com/resources/documents/Valuing%20Oil%20and%20Gas%20As...</a><o:p></o:p></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b>VALUING PUD RESERVES: A PRACTICAL APPLICATION OF REAL OPTION TECHNIQUES</b><o:p></o:p></div><div class="MsoNormal"><a href="http://www.realoptions.org/papers2001/McCormackSick.pdf"><span style="color: red;">http://www.realoptions.org/papers2001/McCormackSick.pdf</span></a><span style="color: red;"><o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Try to become familiar with the different types of oil and gas assets by learning the following key definitions.<o:p></o:p></div><div class="MsoNormal"><i><b><br />
</b></i></div><div class="MsoNormal"><i><b>Prospect. A specific geographic area which, based on supporting geological, geophysical or other data and also preliminary economic analysis using reasonably anticipated prices and costs, is deemed to have potential for the discovery of commercial hydrocarbons.<o:p></o:p></b></i></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><i><b>Proved developed reserves (PDP). Reserves that can be expected to be recovered through existing wells with existing equipment and operating methods.<o:p></o:p></b></i></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><i><b>Proved reserves. The estimated quantities of oil, natural gas and natural gas liquids which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions.<o:p></o:p></b></i></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><i><b>Proved undeveloped reserves. (PUD). Reserves that are expected to be recovered from new wells on undrilled acreage or from existing wells where a relatively major expenditure is required for recompletion.</b></i><o:p></o:p></div>Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-49543234978499564612012-08-29T12:51:00.000-05:002012-08-29T12:51:16.594-05:00Guadalupe-Blanco River Trust<div class="separator" style="clear: both; text-align: center;">
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By granting a bequest of a conservation easement to Guadalupr-Blanco River Trust landowners can ensure that their property will be managed according to their wishes well beyond his or her lifetime. A conservation easement permanently limits a property's uses in order to limit development and ensure that the property is reserved for farming, grazing land, wildlife habitat or cultural values. Landowners can stipulate no oil and gas development. Tax incentives may be available to landowners. It's worth giving a serious thought. </div>
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Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-32957555617779227402012-08-24T13:15:00.001-05:002012-08-24T16:35:54.990-05:00DUG Eagle Ford<b><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></b><span style="font-family: Arial, Helvetica, sans-serif;"><b> </b><b> Last year I had the incredible good fortune to attend the DUG Eagle Ford conference in San Antonio and I heartily endorse, recommend and encourage all landowners who can to attend the conference this year. The direct benefits you will receive is a crash course education about what is going on in the Eagle Ford and Pearsall Shale. The speakers are highly regarded industry leaders that give you not only a review of where we are in the play but also an idea where Eagle Ford is heading. The exhibitor hall is immense, representing virtually all aspects of drilling and production technology and you get the opportunity to visit with them. The $895 investment you make to attend is a very small price to pay for the Eagle Ford education you will receive. If you own a Eagle Ford mineral interest you own something worth millions of dollars and you owe it to yourself and your family to attend DUG Eagle Ford. </b></span><br />
<br />
<img align="middle" alt="DUG Eagle Ford" border="0" height="91" src="http://www.hartenergy.com/images/email/marketing/dugeagleford/dugef_emailbanner2012.jpg" width="400" /><br />
<span style="font-size: 15pt; line-height: 130%;">Thousands have already registered;</span><br />
<br />
<h1 style="font-size: 15pt; line-height: 130%; margin-bottom: 5px; margin-top: 0px;">
Shouldn't your team get the same advantage?</h1>
<span style="color: #009999; font-size: 12pt; line-height: 130%; margin-top: 5px;"><strong>Don't miss the world's <em>biggest</em> Eagle Ford conference</strong></span> Petroleum
producers, midstream operators, finance and service professionals are
converging in San Antonio this October for the 4th annual <strong>DUG <em>Eagle Ford</em></strong> conference and exhibition. Shouldn’t you and your team be there to share the intelligence and make new business connections? <a href="http://links.mkt4049.com/ctt?kn=8&ms=NDY3ODMwMgS2&r=MTYyODE5MTU1MQS2&b=0&j=NTEzNTM2MTQS1&mt=1&rt=0" name="13954f6defa932ed_viewagenda_button" target="_blank"><img align="right" alt="View Agenda button" border="0" height="38" src="http://www.hartenergy.com/images/email/marketing/dugeagleford/dugef_agenda.png" style="margin-bottom: 3px; margin-right: 3px; margin-top: 3px;" width="150" /></a><br />
An
unparalleled slate of industry leaders is presenting and nearly 350
exhibitors are displaying their technologies. The biggest players on the
scene, both upstream and midstream, will be attending. Once again, this
event is the world’s largest Eagle Ford conference for the same
reasons: It's the single best place to learn "what's next" for one of
the most exciting regions in today's oil & gas business.<br />
<div style="color: #009999; font-size: 14pt; margin-bottom: 5px;">
<strong>Featured speakers include:</strong> <span style="font-size: 10pt;"><a href="http://links.mkt4049.com/ctt?kn=9&ms=NDY3ODMwMgS2&r=MTYyODE5MTU1MQS2&b=0&j=NTEzNTM2MTQS1&mt=1&rt=0" name="13954f6defa932ed_view speakers text" style="color: #333333;" target="_blank">View full speaker line-up</a></span></div>
<table align="center" border="0" cellpadding="0" cellspacing="0" style="background-color: #e9e8e8; width: 100%px;"> <tbody>
<tr> <td style="color: #292929; font-family: Verdana,Arial,sans-serif; font-size: 8pt; line-height: 130%; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; text-align: center;" valign="top" width="120"><div align="center">
<img alt="David Roberts" height="110" src="http://www.dugeagleford.com/assets/images/Roberts.jpg" width="150" /></div>
<span style="font-family: Verdana; font-size: 10pt; font-weight: bold; line-height: 150%;">David E. Roberts Jr.</span><br />
<em>EVP and COO<br /> <strong>Marathon Oil Corp.</strong></em></td> <td style="color: #292929; font-family: Verdana,Arial,sans-serif; font-size: 8pt; line-height: 130%; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; text-align: center;" valign="top" width="120"><div align="center">
<img alt="Tim Dove" height="110" src="http://www.dugeagleford.com/assets/images/Dove.jpg" width="150" /></div>
<span style="font-family: Verdana; font-size: 10pt; font-weight: bold; line-height: 150%;">Timothy L. Dove</span><br />
<em>President and COO<br /> <strong>Pioneer Natural Resources</strong></em></td> <td style="color: #292929; font-family: Verdana,Arial,sans-serif; font-size: 8pt; line-height: 130%; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; text-align: center;" valign="top" width="120"><div align="center">
<img alt="Bruce Vincent" height="110" src="http://www.dugeagleford.com/assets/images/Vincent.jpg" width="150" /></div>
<span style="font-family: Verdana; font-size: 10pt; font-weight: bold; line-height: 150%;">Bruce H. Vincent</span><br />
<em>President<br /> <strong>Swift Energy</strong></em></td> </tr>
</tbody></table>
<strong>DUG</strong> events are known for standard-setting programs and the 2012 <strong>DUG <em>Eagle Ford</em></strong>
conference continues that tradition. Beyond monitoring Eagle Ford
development progress, this year's upstream speakers will examine
outlooks for newer plays like the Buda, Pearsall, Austin Chalk, Olmos,
Escondido and Woodbine, where horizontal drilling and multi-stage
fracturing are yielding improved results.<br />
Speakers
in the midstream program track — new for 2012 — will detail their plans
for adding takeaway and treatment capacity. And one registration gives
you access to both program tracks. Together, you get a full-spectrum
perspective on where the opportunities lie ahead.<br />
<div align="center">
<a href="http://links.mkt4049.com/ctt?kn=3&ms=NDY3ODMwMgS2&r=MTYyODE5MTU1MQS2&b=0&j=NTEzNTM2MTQS1&mt=1&rt=0" name="13954f6defa932ed_registerbutton_bar" target="_blank"><img alt="Register for the DUG Eagle Ford Conference Now" border="0" height="36" src="http://www.hartenergy.com/images/email/marketing/dugeagleford/dugef_skin2.png" style="padding-bottom: 10px; padding-left: 0px; padding-right: 0px; padding-top: 10px;" width="400" /></a></div>
Go online to <a href="http://links.mkt4049.com/ctt?kn=1&ms=NDY3ODMwMgS2&r=MTYyODE5MTU1MQS2&b=0&j=NTEzNTM2MTQS1&mt=1&rt=0" name="13954f6defa932ed_viewagenda_text" style="color: #333333;" target="_blank">check the agenda</a> and <a href="http://links.mkt4049.com/ctt?kn=7&ms=NDY3ODMwMgS2&r=MTYyODE5MTU1MQS2&b=0&j=NTEzNTM2MTQS1&mt=1&rt=0" name="13954f6defa932ed_register_text_bottom" style="color: #333333;" target="_blank">register today</a>.
Interested in bringing your entire team? Register 4 or more and receive
$100 off each registration – just click the link when you register
online.<br />
<div style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 11pt;">
See you in San Antonio!<br />
<br />
Hart Energy Conference Team<br />
<a href="mailto:%20conferences@hartenergy.com" name="13954f6defa932ed__conferences_hartenergy_com" style="color: #333333;" target="_blank">conferences@hartenergy.com</a></div>
Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-16272558531225627592012-08-23T11:25:00.004-05:002012-08-23T17:35:12.846-05:00Drilling For Oil In The Unconventional Eagle Ford Shale<br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
Drilling for crude oil in the
unconventional Eagle Ford shale is very much still in it's infancy. We are in the very early innings. The Eagle Ford has been know to be the
source for conventional natural gas and crude oil reserves in the
area for decades. Technology is improving at a very rapid pace and
horizontal drilling techniques continue to improve exponentially. Down spacing is occurring at 40 acres per well. EURs are going up substantially. Operators have rushed in to lease the best acreage in the six largest
shale basins that comprise 57 million acres. It's going to take a
very, very long time to develop all that acreage, perhaps a century
experts are saying.
</div>
<div style="margin-bottom: 0in;">
Success in drilling in the Barnett,
Haynesville and Marcellus has caused the gas market to collapse.
Operators all want to drill on good oil prospects today like the
Eagle Ford volatile oil window. The oil window is where all the
action is today and that's where operators are allocating all of
their capital.</div>
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<br /></div>
<div style="margin-bottom: 0in;">
Little noticed in all that is going on
in the Eagle Ford is the way that it is shaping the future for the
petrochemical industry. Many large refineries and chemical plants are
being planned and announced for the Texas Gulf Coast. Pipelines are going in everywhere
along the entire length of the Eagle Ford. More pipelines are being
announced monthly.</div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
The long and short of the Eagle Ford is that all liquids window acreage is extremely valuable. Mineral interest to all depths and horizons is incredibly valuable. Rosetta Resources claims EURs of 1.67 Million BOE per well at 55 acre spacing. At $100 oil the 1.67 million BOE per
well translates to $167,000,000 per 55 acres. If you owned 55 acres
and you receive 25% royalty that would amount to $41,750,000 due you
over the life of the well. With other horizons like the Austin Chalk,
Pearsall, Olmos and Buda you quickly see why Eagle Ford footprint
acreage is selling for well over $100,000 per acre.</div>
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Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com1tag:blogger.com,1999:blog-5006414747207612511.post-31745384687666347042012-08-10T13:13:00.001-05:002012-08-10T14:35:44.874-05:00Monster Wells Being Drilled Near Hochheim<br />
Eagle Ford Hochheim Area "Monster" Wells<br />
<br />
The CEO of EOG Resources recently made official what everyone already knows, that the over-pressure volatile oil window around Hochheim is far and away the most productive area of the Eagle Ford. One of the Boothe wells came in recently at 4,820 barrels of oil per day with 972 barrels of NGLs and 4.5 million cubic feet of natural gas per day. The conversion of NGLs and gas makes the well officially produce 6,642 barrels of oill equivalent per day. Not bad.<br />
<br />
Operators in the volatile oil window along Gonzales/DeWitt counties are actively pursing a down spacing drilling program. Rosetta Resources is even experimenting with 55 acre wells. The
Rosetta presentation below shows what looks to me like their best case
expectation of 5 million barrels of oil per 195 acres. I did the math
and it came out to 25,641 boe per acre if I divided correctly.<br />
<br />
<a href="http://files.shareholder.com/downloads/ROSE/2013999911x0x573592/B24DD1DC-EEF6-4D42-8EA2-55083FA958EA/ROSE_2012_IR_Presentation_-_RBC-_FINAL-2012_0531.pdf">http://files.shareholder.com/downloads/ROSE/2013999911x0x573592/B24DD1DC-EEF6-4D42-8EA2-55083FA958EA/ROSE_2012_IR_Presentation_-_RBC-_FINAL-2012_0531.pdf</a>
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<br />Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-42961464588196661562012-08-03T17:23:00.001-05:002012-08-03T17:23:31.661-05:00<div class="separator" style="clear: both; text-align: center;">
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<span style="font-size: large;"><b>EOG Resources announces
“Monster” Eagle Ford Wells</b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-size: medium;">Oil
& Condensate daily IP near 6,000 barrels per day + 4.5 Mmcfd
natural gas </span>
</div>
<div style="margin-bottom: 0in;">
<span style="font-size: medium;"><i>During
the 2Q conference call on 8/03/2012 CEO Mark Papa announced that EOG
had drilled 16 “monster” wells in the Eastern portion of the
Eagle Ford near Hochheim.</i> </span>
</div>
<div style="margin-bottom: 0in;">
“<span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: x-small;">In
the South Texas Eagle Ford, EOG drilled its best well to date. The
Boothe Unit #10H in Gonzales County</span></span></span><span style="color: black;"> </span><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: x-small;">began
initial production at 4,820 barrels of oil per day (Bopd) while an
offset well, the Boothe Unit #9H, had an initial production rate of
3,708 Bopd. The Boothe wells produced 972 and 527 barrels per day
(Bpd) of natural gas liquids (NGLs) and 4.5 and 2.4 million cubic
feet per day (MMcfd) of associated natural gas production,
respectively.</span></span></span> “</div>
<div style="margin-bottom: 0in;">
<a href="http://investor.shareholder.com/eogresources/releasedetail.cfm?ReleaseID=697808">http://investor.shareholder.com/eogresources/releasedetail.cfm?ReleaseID=697808</a>
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<br />Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-14729458144957041412012-07-28T11:20:00.002-05:002012-07-28T12:54:14.466-05:00Hochheim Area<br />
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<br />Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com2tag:blogger.com,1999:blog-5006414747207612511.post-50456677080284469622012-06-14T14:51:00.001-05:002012-06-14T14:51:16.746-05:00Aurora Oil & Gas bullies Eureka Energy stockholdersAurora Oil & Gas has made a hostile offer to buy all outstanding shares of Eureka Energy. The story is a simple case of greed as old as the hills, whereby Aurora seeks to muscle Eureka stockholders out of their rightful ownership of Karnes County acreage in the prolific oil window of the Eagle Ford. The Aurora Oil & Gas "BULLY" offer is available for viewing at:<br />
<a href="http://www.auroraoag.com.au/irm/Company/ShowPage.aspx/PDFs/2073-75620328/EKAAuroraOfferPeriodAutomaticallyExtended">http://www.auroraoag.com.au/irm/Company/ShowPage.aspx/PDFs/2073-75620328/EKAAuroraOfferPeriodAutomaticallyExtended</a><br />
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As proclaimed in the masthead of this blog, THE EAGLE FORD PROVOKETH THIEVES SOONER THAN GOLDEagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-20617430684001844712012-05-20T14:43:00.000-05:002012-05-21T17:36:42.458-05:00Option Value of Eagle Ford Acreage<br />
<span style="color: #1f497d;"><span style="font-family: Calibri, sans-serif;"><span style="font-size: small;"><b><br class="Apple-interchange-newline" />May 20, 2012</b></span></span></span><br />
<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;">Understanding The Option Value Of Eagle Ford Oil Window Acreage: </span><span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;">Why Leaseholds Are Worth Over $100,000 Per Acre</span><br />
<br />
<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;"><br /></span><br />
<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;">Oil company leaseholds create instant value. By way of example, in the Eagle Ford Shale Chesapeake Energy was a late leasing entrant with their first leases acquired in November of 2009 and reached 300,000 net acres by March 2010, and later reached 625,000 net acres by October 2010 having invested $1.4 billion in leaseholds. Chesapeake later sold 200,000 net acres for $2.2 billion, leaving 425,000 net acres and 2.3 billion Boe possible to Chesapeake <i>at a negative cost of $800 million.</i> By obtaining cheap leasehold interest it created $7-10 billion.</span><br />
<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;"><br /></span><br />
<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;">Leasing (in fact a lease is a sale) is simply a very cheap way for oil companies to buy oil options for future production. Leasehold investments are no longer risky in the traditional sense as conventional oil and gas drilling were in the past. Today, shale oil and gas represent a very cheap option on a know resource. Using Chesapeake Energy provided disclosure, at $2,200 per acre (CHK cost), a Chesapeake Energy Eagle Ford acre overlays a minimum 5,000 bbls of recoverable oil. That's an option cost of =$.40/barrel plus $15.00 to develop it. Meanwhile, a financial option on oil (a call) sells for =$20.00/bbl (at strip prices covering 2015-18). McClendon asks if it is smarter to buy a call option on a barrel of oil at $20/bbl where the strike price =$90/bbl for an all-in cost of $110/bbl, or is it smarter to pay $.40/bbl and a $15/bbl "strike" price for an all-in cost of $15.40/bbl?</span><br />
<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;"> Chesapeake Energy brags their developments costs is $10-15/bbl which is effectively the strike price of this option</span><br />
<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;"><br /></span><br />
<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;">The CEO of Chesapeake Energy Aubrey McClendon famously asked the question "where else in the world, in any industry, cay you buy an asset for $1-1.5 billion and have it become worth >$5 billion within one year? Nowhere!" In no other industry are sheep led so willingly to the slaughter. Hydraulic fracturing along with a plethora of other new drilling and completion technology has changed the face of the oil and gas industry.</span><br />
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<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;">The Estimated Ultimate Recovery of all Eagle Ford Shale wells continues to go up substantially through down spacing, making it impossible to predict with any certainty how much above $100,000 per acre we will see. One thing is certain though, we are very early in the game and recovery factors are being improved by leaps and bounds.</span><br />
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<span style="color: #1f497d; font-family: Calibri, sans-serif; font-size: large;">From Aubrey McClendon's mouth to your ears:</span><br />
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<br class="Apple-interchange-newline" />Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-18981304110125193322012-04-07T14:40:00.001-05:002012-04-07T16:17:11.224-05:00Royalty Sellers Succumb to JG Wentworth Ad TacticsLandowners who sell their royalty interest today are doing so at a deep discount to the future value of their Eagle Ford production. Some landowners never even received anything like fair value for leasing their land for drilling rights to begin with. Now again today they are being approached by predators in what amounts to a double whammy and they are being conned out of their royalty income, selling it for pennies on the dollar.<br />
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<iframe allowfullscreen="" frameborder="0" height="360" src="http://www.youtube.com/embed/HX0fIi3H-es" width="480"></iframe>Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com3tag:blogger.com,1999:blog-5006414747207612511.post-72241273442864644232012-03-17T15:03:00.000-05:002012-03-17T15:03:07.561-05:00Oil & Gas Operators Took Advantage Of Eagle Ford LandownersIn case you haven't noticed it the price of crude oil has been on a tear lately, trading steady well above the $100 a barrel mark. That's both good news and bad news for Eagle Ford landowners. The good news is that when wells are produced landowners will receive nice royalty checks. The bad news is that the Eagle Ford Shale requires such intensive drilling on such tight spacing to extract all the oil in place that it will require many decades to drill and produce it all. Experts predict that it will take perhaps 40 to 50 years. A little know fact is that most oil and gas leases do NOT provide any shut in royalties or delay rentals for oil wells. With rare exception, "Delay Rentals" are for the most part reserved for gas wells only. Few in the oil industry talk about the fact that there are so many thousands of wells to be drilled that the majority of those wells won't be developed for decades into the future. Equally depressing from a landowners point of view is the fact that as the Eagle Ford is developed many wells will be shut in for ages due to lack of pipeline capacity. Despite the growing number of pipelines being constructed there will not be enough capacity to carry the vast quantities of Eagle Ford crude oil to refineries in quick order. There will be hundreds of thousands of acres simply held by production with very few wells drilled on many production units for the foreseeable future. There quite simply are over 30,000 additional Eagle Ford wells to be drilled and that will take many decades. This predicament will inevitably lead to the dilemma that many landowners, wishing to to monetize their acreage, will have to either sell their royalty interest at huge discounts to the vultures who trade in these financial transactions or see their future production go to their heirs. In any event, there is little chance that the majority of wells drilled to date, or that will be drilled in the near future, will be flowed and produced at capacity any time soon. The oil companies strategy is quite simply to use the enormous Eagle Ford reserves being developed as a hedge against currency debasement. If the experts are right and crude oil continues to rise, the Eagle Ford Shale will turn out to be the "steal of the century." The technology to exploit shale is relatively new. When it was developed and proved capable to crack the code of tight oil and gas shale’s that opened up enormous previously known areas with excellent source rock hydrocarbons. Like a thief in the night, big oil and gas operators moved into the Eagle Ford Shale and leased up acreage on the cheap. They knew it was rich in hydrocarbons and too big to be developed by a single company. They then set out to carve out their areas of interest and then proceeded to lease that acreage for practically nothing. Collectively they now own the premiere oil reserve in the US with the lowest finding and development cost. To deflect criticism that they took advantage of landowners, operators bemoan that there is much risk in developing a new play such as the Eagle Ford. That contention is just PR intended to hide the fact that they took advantage of landowners.Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com1tag:blogger.com,1999:blog-5006414747207612511.post-48562018528705201502012-03-05T22:42:00.000-06:002013-02-12T13:39:49.753-06:0070.15 ACRES VOLATILE OIL WINDOW<div style="margin-bottom: 0in;">
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<b>HIGH GRADE PREMIER EAGLE FORD TRACT</b></div>
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<span style="font-size: large;"><b><br /></b></span><span style="font-size: large;"><b><br /></b></span><span style="font-size: large;"><b>Eagle Ford Volatile Oil Window PUD Status Acreage</b></span></div>
<span style="font-size: x-large;"><b>High-Grade 45-50 degree API Volatile Oil w/88% Liquids</b></span></div>
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<span style="font-size: x-large;"><b>DeWitt County In The Heart Of The Best Acreage</b></span></div>
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<b>contact owner Mike Green at 361-648-5800 email libertadormg@gmail.com</b><br />
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<span class="Apple-style-span" style="font-size: large;"><b style="background-color: white;"> 70+ acre tract in the high grade Eagle Ford overpressure volatile oil window near Hochheim, Tx. This irregular shape property should allow for a drilling program with multiple laterals. Tract is located in the Simon Bateman A-4 Survey in DeWitt County, virtually straddling the DeWitt/Gonzales County line and adjacent to the Enterprise pipeline. It is believed that EOG Resources has proved up this area with adjacent PDP acreage in the Meyer Unit, that it is thick shale, and that the reservoir quality contains high quality 45 degree API volatile crude oil. This acreage is highly strategic and prospective for volatile oil. Nearby EOG wells are PDP 77% Oil, 88% Liquids (Crude, Condensate and NGLs). Repeatable high IP well results are being seen across the trend with some wells having IPs of 5,000 bopd. This property is located on a major highway, US 183, and is directly across the road from the EOG Meyer Unit. Tract has over 1,600 ft of US 183 highway frontage, approximately 1/2 mile Guadalupe River frontage, it is very close to the Enterprise pipeline, and comprises the only substantial acreage in the area that does not flood for approximately a mile in all directions. This land quite simply has multiple superior strategic advantages for developing the Eagle Ford in the Steen Plain area of the Eagle Ford oil and NGL windows. All adjacent tracts are leased to EOG Resources. Notable is the fact that very little land in the immediate area did not flood in 1998 with the notable exception of a good portion of this property. All depths and horizons are available, including the Pearsall.</b></span></div>
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<b> There is extensive drilling being done in the immediate area and the 70.15 acres tract available is located right in the sweet spot middle of several drilling units in the area. </b></div>
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<b>The Meyer Unit is across the road on US 183 and Burrow B Unit next door from the subject property, indicating PUD status. This property is sandwiched between leased property nearby.</b></div>
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<b>Irregular shape should allow for more lateral's</b></div>
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<b>High Ground elevation in large flood plain. Potential drilling site above historic flood level of 1998</b></div>
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<b>Major highway frontage on US 183</b></div>
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<b>Meyer Unit across highway and Burrow B Unit on property line</b></div>
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<b>Area is being rapidly developed with infill drilling</b></div>
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<b>High ground on US 183</b></div>
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Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-82154105638932690182012-02-26T23:14:00.001-06:002012-02-26T23:26:46.504-06:00Peak Oil<iframe width="1280" height="720" src="http://www.youtube.com/embed/6HRZPpbpSjg" frameborder="0" allowfullscreen></iframe><br />
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<iframe width="640" height="360" src="http://www.youtube.com/embed/2ig2hCHFxws" frameborder="0" allowfullscreen></iframe>Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-56709297498559824052012-02-13T12:14:00.000-06:002012-02-13T12:14:43.495-06:00Eagle Ford Pipelines Proliferate Scarring The Land<span style="color: #222222; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: x-small;"><span style="line-height: 13px;"><br />
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<div style="margin-bottom: 0in;"> <span style="font-size: small;">By far, the most common complaint I am hearing like a mantra from landowners is their concern about the heavy handed and unfair manner in which their Eagle Ford land is being confiscated for pipelines under the false flag and the guise of eminent domain. Eminent domain is a thin transparent disguise purporting public good to hide the virtual theft of private property. Pipelines exact a onerous and heavy burden on the land by reducing the actual overall value of a farm or ranch real estate value by as much half. In extreme cases it can reduce the value of property by more than half. The area near the pipeline cannot be built upon. In some cases, where pipelines run through the middle of a property, an entire ranch may be virtually reduced to nothing more than a stark reminder of the Houston Ship Channel. Those living near pipelines often suffer from PTSD like soldiers returning from war, with nervous and stress disorders from fears that a catastrophic leak may contaminate their land, or worse, a horrific fireball explosion. The original pipeline ROW is often the proverbial foot in the door that allows for additional pipelines and other utilities to be installed at later dates, usually into perpetuity. Some Eagle Ford landowners currently suffer from very wide main pipeline corridors running through their property containing as many as 6 or more large diameter pipelines in a single right-of-way. As the population grows by leaps and bounds as anticipated and more electric power has to be generated to meet the need, new high voltage main transmission power lines will be placed in these existing pipeline ROWs creating a visual blight on the land. There is a strong possibility that today's pipeline ROWs will in the future become the equivalent of the ill fated Trans Texas Corridor for every public utility imaginable. Even with the new-found riches of Eagle Ford oil and gas production, some landowners are finding that building a nice house in a bad neighborhood might not make sense today. Many landowners have already lost the beauty of their rural natural habitat to pipelines forever. Today they live and are required to adjust to having the perpetual ingress and egress intrusion of strangers on their land. It's a poor bargain no matter the price that is paid.</span></div><div style="margin-bottom: 0in;"> <span style="font-size: small;">If you have a pipeline horror story I want to hear it. Please send me an email at libertadormg@gmail.com </span> </div><div style="margin-bottom: 0in;"><span style="font-size: small;"><br />
</span></div><div style="margin-bottom: 0in;"><span style="font-size: small;">A few pictures taken of pipeline activity around the Hochheim area on Saturday 2/11/2012</span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4GBLY5EuE9RL4UzCwoT-VNzlqW_dPv0QXlg9X9QtMQF1Op2ZNuV_kzA09akyeYptdkV2Qubrch2vBzxPH7zwldYa51YtQ6N7dgbT15nUuoo9FzbZV7Q1Leski7Qph6kLebsQxuTUmHd4/s1600/DSC01493.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4GBLY5EuE9RL4UzCwoT-VNzlqW_dPv0QXlg9X9QtMQF1Op2ZNuV_kzA09akyeYptdkV2Qubrch2vBzxPH7zwldYa51YtQ6N7dgbT15nUuoo9FzbZV7Q1Leski7Qph6kLebsQxuTUmHd4/s320/DSC01493.JPG" width="320" /></a></div><br />
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</span></div>Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com0tag:blogger.com,1999:blog-5006414747207612511.post-61889497915998103652011-10-25T10:09:00.006-05:002011-12-07T23:44:26.056-06:00Advantages of Drilling Your Own Well<div style="margin-bottom: 0in;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1mwINy7lKNzKDCy-RGP_mwdwib9CLIQe08nsaV6jI4mVxCIAYzEzPz9n5d7iMmOqfWc5lXKQvZXQZIhyphenhyphenhgg9jZjrRd6MV0EAPiV2IwjetBN_hbycwot-4H6lihHKnd_dkoMHhgtbm7uM/s1600/Diego+Riviera+mural.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="298" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1mwINy7lKNzKDCy-RGP_mwdwib9CLIQe08nsaV6jI4mVxCIAYzEzPz9n5d7iMmOqfWc5lXKQvZXQZIhyphenhyphenhgg9jZjrRd6MV0EAPiV2IwjetBN_hbycwot-4H6lihHKnd_dkoMHhgtbm7uM/s320/Diego+Riviera+mural.PNG" width="320" /></a></div><br />
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<span style="font-size: medium;">Oil and gas law in the State of Texas operates under the rule of capture as the fundamental law governing the rights of landowners owning petroleum in a common reservoir. It is settled law that landowners absolutely own all of the oil and gas in place under their land.</span><br />
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<span style="font-size: large;"><b>Farmout, Joint Venture, Working Interest Provides</b></span></div><div style="margin-bottom: 0in;"><span style="font-size: large;"><b>Tax Benefits For Landowners </b></span></div><div style="margin-bottom: 0in;"><br />
</div><div style="margin-bottom: 0in;">Direct participation in oil and gas development by either JV, joint operation, farmout, or having a working interest can generate several tax benefits for landowners. By deferring a large up-front bonus payment, common to a Paid Up oil and gas lease, in favor of direct participation, generous tax benefits can flow to landowners from directly participating in the drilling of a well. Some landowners find the large up front deductions for intangible drilling costs (IDC) and tax credits for the development of certain types of tight sands and shale formations to be more attractive. The IRS allows deductions for the cost of equipment and/or services used during the drilling, testing, fracking, and/or completion of the well. </div><div style="margin-bottom: 0in;"><br />
</div><div style="margin-bottom: 0in;">Direct participation through Farmout, Joint Venture or other Working Interest in a well offers the following tax benefits.</div><div style="margin-bottom: 0in;"><b><br />
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<b>Intangible Drilling Costs (IDC):</b> The cost of drilling a well can usually be deducted immediately. The cost of labor, drilling rig time, drilling fluids, fracking services, etc. are intangible expenses deducted against the tax bill. Intangible drilling cost represent 60 to 80% of the total cost of the well. intangible Drilling costs is generally taken as a deduction in the tax year in which the intangible costs occurred.</div><div style="margin-bottom: 0in;"><br />
</div><div style="margin-bottom: 0in;"><b>Intangible Completion Costs:</b> As with IDCs these costs are generally related to non salvageable completion costs, such as labor, completion materials, completion rig time, fluids etc. The deduction for intangible completion costs are usually about 15% of the cost and generally taken in the year they occur.</div><div style="margin-bottom: 0in;"><br />
</div><div style="margin-bottom: 0in;"><b>Depreciation:</b> That part of the cost of the well associated with equipment, such as the well casing, Christmas tree, storage tanks, pumps, etc. are usually depreciated over a seven year period.</div><div style="margin-bottom: 0in;"><br />
</div><div style="margin-bottom: 0in;"><b>Depletion Allowance:</b> Some say depletion allowance is the mother of all tax breaks. Once a well begins production, the IRS allows owners of the well to shelter some of the gross income derived from the sale of the oil and/or gas. Two types of depletion are available, cost and statutory (also referred to as percentage depletion). Cost depletion is calculated based upon the relationship between current production as a percentage of total recoverable reserves. Statutory or percentage depletion is subject to several qualifications and limitations. This deduction generally shelter's 15 per cent of the well’s annual production from income tax.</div><div style="margin-bottom: 0in;"><br />
</div><div style="margin-bottom: 0in;"><b>Tax Credits:</b> The US Congress passed laws granting several tax credits to crude oil or natural gas production. Enhanced Oil Recovery legislation grants tax credits when applied to certain project costs incurred to enhance production from a oil or gas well. The credit can be 15% of the costs directly incurred to enhance production. Another generous credit is the Non Conventional Source Fuel Credit which provides for a $3 per barrel of oil equivalent credit for production from the so called qualified fuels. Qualified fuels include oil shale like the Eagle Ford, other tight formation gas, and fuels made from coal.</div><ol start="5"><div style="margin-bottom: 0in;"></div></ol><div style="margin-bottom: 0in;"><b>Lease Operating Expense: </b>Day to day operational costs involved with the operation of a crude oil or natural gas well also offer tax deductions. The expense deduction also covers the costs of re-entry or re-work of an existing producing well. Lease operating expenses are generally deductible in the year incurred, without any AMT consequences.</div><div style="margin-bottom: 0in;"><br />
</div><div style="margin-bottom: 0in;"><b>Overview</b><br />
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</div><div style="margin-bottom: 0in;">It should be entirely obvious by now that the tax benefits of participating in a oil or gas well on your property generates substantial tax benefits. In a nutshell, oil and gas risk capital has the effect of being subsidized by the government resulting in greatly reduced federal income tax. Some people say that oil and gas exploration and production uniquely offers a bonanza of tax benefits not seen in any other business enterprise. Intangible drilling cost is very significant and by taking this deduction it mitigates greatly against the loss of any lease bonus money from a oil and gas lease agreement. I am not an accountant and I encourage everyone to consult with their own tax adviser in regards to the information provided herein.</div><div style="margin-bottom: 0in;"><br />
</div>Eagle Ford Lease Informationhttp://www.blogger.com/profile/05438336543668512221noreply@blogger.com1