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Re: Large amount of drilling on our leases in Live Oak County

By: lkorrow in ROUND | Recommend this post (0)
Wed, 22 Jun 11 12:01 AM | 46 view(s)
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Msg. 33564 of 45510
(This msg. is a reply to 33561 by pdowd)

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Paul, that's fantastic, may they pump and pump. Fascinating how they can do that. I guess it is hard to buy land over that formation, now...




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The above is a reply to the following message:
Re: Large amount of drilling on our leases in Live Oak County
By: pdowd
in ROUND
Tue, 21 Jun 11 7:50 PM
Msg. 33561 of 45510

Yes lkorrow! The oil company is going in and re-fracking old wells dating back to the 60's-early 2000's and refreshing their flow rates, bringing them back to life so to speak. Our wells were always produced with Fracking techniques and when things would slow down they would just go back in an re-frack them. I am sure we will reach the point that some wells will be sucked dry, but luckily they are still producing and there are new little brother and sister wells planned and on the way! The new drilling technology is simply amazing! The only thing messing me up right now is the low cost of NG. We are right on the southern fringe of the Eagle Ford Shale formation and when that drilling frenzy completely catches up with us things will really get interesting! For now most of the drilling is being done right in the middle of the formation. Hope all is well with you! PD


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