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CKX Lands Inc. Message Board

  • drillingsolutions Apr 10, 2013 2:05 PM Flag

    Where will CKX growth come from?

    Halcon (HK) thinks that the Wilcox Sands of SW Louisiana can be developed as a resource play, much like the Eagleford, Cline Shale, etc... This idea has been tested & proven to make 600 BOPD wells out of vertical wells with 2-stage frac completions... Just imagine what will be possible from a horizontal well-bore that can accommodate a 15-20 stage frac completion... wells should IP at well over 1,000 BOPD.

    CKX, will get between 18.75% & 25% of production (royalties - free from cost or capital investment) as this play sweeps across their area of operation. In addition, they will get a lease bonus paid to them up-front for $500/acre early in the play to as hight #$%$000/acre (or even more) as leasing competition peaks.

    Halcon is not the company developing the Wilcox as a resource play. El Paso is also active as well as some smaller, regional operators...

    This new play will drive CKX's near-term grown...

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