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Quicksilver Resources Inc. Message Board

richardclovis 146 posts  |  Last Activity: 7 hours ago Member since: Mar 9, 2013
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  • Reply to

    Wells in TX

    by glenw00doo1 Aug 27, 2014 12:59 PM
    richardclovis richardclovis 7 hours ago Flag

    The June article was for reference only....that the wells were NOT yet producing..
    Per the latest TRRC reports (thru June)....the wells still have no reported production....
    That could change with the soon to be released July report..

    Rich

  • Reply to

    Wells in TX

    by glenw00doo1 Aug 27, 2014 12:59 PM
    richardclovis richardclovis 21 hours ago Flag

    DENVER, COLORADO–June 9, 2014-EARTHSTONE ENERGY, INC. (NYSE MKT:ESTE)reported that the Company re-commenced completion operations last week on the WCNU #126.
    The #126 well, which was previously unproductive in the lower Mirando Sand, was acid stimulated a week ago to enhance fluid production. Testing will commence this week to determine if the stimulation improved the well’s productive capacity from this lower zone.
    While the WCNU #126 is being tested, the other two wells, the WCNU #124 and WCNU#125 remain partially completed and shut-in; awaiting the results of the #126.The Company previously reported that it drilled three new wells in late March and early April of this year in the West Cole North Unit (the North Unit), located in Webb County, Texas.
    The North Unit currently generates approximately 10% of the Company’s oil production and revenue. Earthstone is the Operator and has a 96% working interest in the North Unit.

    “We have received numerous phone calls concerning some erroneous information on our operations in south Texas,” commented Ray Singleton, President of Earthstone. “These three new wells have not, and are not,producing. It seems that someone is circulating exaggerated production claims and/or is challenged to understand the production reported on the Texas RRC website.
    Shareholders and potential investors are encouraged to read previous press releases on our south
    Texas efforts. Once again, these three new wells have not, and are not, producing.”

    A number of wells make up the West Cole Field Unit...RRC Identifier #07769...where the TRRC shows production back as far as 1993..the query limit..with present monthly production consistently exceeding 350 whole barrels..
    Also a number of wells make up the West Cole North Unit...RRC Identifier #09568....where the TRRC shows production back as far as 1993..the query limit..with present monthly production consistently exceeding 1800 whole barrels..

    The 3 new wells...WEST COLE NORTH UNIT #124, #125, & #126...have yet to show production...

  • richardclovis by richardclovis Aug 26, 2014 1:01 PM Flag

    Least we forget that Uranium One had a recent sale of the Mill that fell through due to lack of buyer financing...but is still very active in attempting to sell the Mill.....

    Shootaring Canyon Uranium Mill

    Update April 24, 2014

    On April 15, 2014 the Director of the Utah Division of Radiation Control (DRC) provided a letter to Uranium One Americas, Inc. granting a 6 month extension of the current radioactive material license. The Director granted the extension in accordance with R313-22-36(6).

    Update March 31, 2014

    On March 31, 2014 the Director of the Utah Division of Radiation Control (DRC) received a letter from Uranium One Americas, Inc. requesting a 6 month extension of the current radioactive material license. The submission is currently under review by the Division.

    If certain conditions are met by Uranium One, USE will be entitled to receive additional consideration from the sale as follows:

    $20,000,000 cash when commercial production occurs at the Shootaring Canyon Mill (when the Shootaring Canyon Mill has been operating at 60% or more of its design capacity of 750 short tons per day for 60 consecutive days).
    $7,500,000 cash on the first delivery (after commercial production has occurred) of mineralized material from any of the claim properties sold to Uranium One on April 30, 2007 (excluding existing ore stockpiles on the properties).
    From and after commercial production (see above) occurs at the Shootaring Canyon Mill, a production payment royalty (up to but not more than $12,500,000) equal to five percent of (i) the gross value of uranium and vanadium products produced at and sold from the mill; or (ii) mill fees received by Uranium One from third parties for custom milling or tolling arrangements, as applicable. If production is sold to a Uranium One affiliate, partner, or joint venturer, gross value shall be determined by reference to mining industry publications or data.

  • Reply to

    keeps testing its upper resistance -

    by booleansearcher Aug 25, 2014 7:46 PM
    richardclovis richardclovis Aug 26, 2014 12:34 PM Flag

    I would think that once the The Mine Plan of Operations now under NEPA review since April 2013 is approved...which could take another 18 months...the uncertainty would cease with a JV partner imminent, as USEG has indicated I believe they have no interest in solely operating the mine...just an opinion..

    RIVERTON, Wyo., April 23, 2013 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq:USEG) ("U.S. Energy" or the "Company") announced today that the Company has received a letter from the U.S. Forest Service ("USFS") notifying the Company that the USFS has completed a review of the Mine Plan of Operations ("MPO" or "Plan") for the Mount Emmons Molybdenum Project in Colorado (the "Project") and that it has determined that the MPO "does contain sufficient information and clarity to form the basis for a proposed action to initiate scoping and analysis under the National Environmental Policy Act ("NEPA")." The letter also states, "U.S. Energy has met the requirements of the Reality Check provision granting conditional water rights for the Mt. Emmons Molybdenum Project by filing the Plan for the Mt. Emmons Mine with the Forest Service. No other special use permits or rights-of-way for the water facilities are required because they are addressed in the Plan." The MPO provides an in-depth description of the proposed construction, mining, processing, and reclamation operations for the Project.

    The Mount Emmons deposit is believed to be one of the highest grade primary molybdenum deposits in the world. It contains an estimated 800 million pounds of molybdenum. The molybdenum has an overall concentration per ton greater than .2%. As a point of comparison, the Mt. Hope Molybdenum Mine under construction by General Moly (NYSEMKT:GMO) has an overall concentration of molybdenum of less than .1% per ton. This means the Mt. Emmons mine is much more profitable per ton of rocks processed by the mine, because on average each ton contains more than double the amount of molybdenum.
    The market/income method for Mt. Emmons would be similar to the feasibility study for Mt. Hope. This would value Mt. Emmons at $738 million whenever production commenced. If the mine is not exchanged it is estimated it could enter production in 2018.

  • richardclovis by richardclovis Aug 26, 2014 9:00 AM Flag

    Lucas Energy Announces Joint Venture To Develop Its Karnes County Acreage In The Eagle Ford Shale
    Download PDF

    HOUSTON, Aug. 26, 2014 /PRNewswire/ -- Lucas Energy, Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that it has signed a binding participation agreement with Oak Valley Resources, LLC ("OVR"), to jointly develop the Company's Karnes County, Texas acreage in the Eagle Ford shale formation.

    At closing Lucas will receive $444,000 for a 50% working interest on approximately 400 acres. OVR will manage the drilling of the wells and each company will bear 50% of the drilling and completion costs. Once the wells are on production and initial oil sales begin, all revenues and operating costs will also be split between the parties on a 50%/50% basis. The first well is expected to be spudded no later than December 2014. The joint venture expects to drill a minimum of four wells on the property.

    "We are pleased to finalize this joint venture agreement with a respected and experienced independent operator to begin to develop our Eagle Ford reserves in south Texas. Our objective is to continue to focus on drilling our most valuable asset, our Eagle Ford shale acreage, in order to maximize production and grow cash flow," said Anthony C. Schnur, Chief Executive Officer of Lucas, who continued, "Further we will continue to seek appropriate opportunities to work with OVR on future drilling projects."

    About Lucas Energy, Inc.

    Lucas Energy (NYSE MKT: LEI) is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk, Eagle Ford and Buda / Glen Rose. Based in Houston, Lucas Energy's management team is committed to building a platform for growth and the development of its five million barrels of proved Eagle Ford and other oil reserves while continuing its focus on operating efficiencies and cost control.

    For more information, please visit the updated Lucas Energy web site at www.lucasenergy.com.

    About Oak Valley Resources, LLC

    Oak Valley Resources was capitalized on December 21, 2012 and is an independent oil and gas company engaged in the development and acquisition of oil and gas reserves through an active and diversified program that includes the acquisition, drilling and development of undeveloped leases, purchases of reserves and exploration activities, with the majority of its human and capital resources currently deployed towards its drilling program in Gonzales and Fayette Counties, Texas. The company has previously announced a strategic combination with Earthstone Energy, Inc. (NYSE MKT: ESTE). Further information regarding Oak Valley Resources and the business combination can be found on Oak Valley's website

  • Reply to

    Oak Valley Operating

    by richardclovis Aug 24, 2014 10:25 AM
    richardclovis richardclovis Aug 25, 2014 6:46 PM Flag

    Optermistic thinkin'
    You said that...not me !!

  • richardclovis by richardclovis Aug 24, 2014 10:25 AM Flag

    Has 10 new Eagleford permits pending....2 additional permits approved.... and has spud recently as many as 12 wells in Fayette County..

    Rich

  • Reply to

    MEDA-All you can eat in this buffet...

    by beatricemixulj Aug 22, 2014 7:20 AM
    richardclovis richardclovis Aug 22, 2014 9:38 AM Flag

    SPAM

  • Reply to

    Nice Presentation

    by margin321 Aug 20, 2014 6:19 PM
    richardclovis richardclovis Aug 20, 2014 11:37 PM Flag

    10K
    Mt. Emmons and Water Treatment Plant Operations. We recorded $603,000 in costs and expenses for the water treatment plant and $410,000 for holding costs for the Mt. Emmons molybdenum property during the three months ended December 31, 2013. During the three months ended December 31, 2012, we recorded $424,000 in operating costs related to the water treatment plant and $204,000 in holding costs.

    10Q
    Mt. Emmons and Water Treatment Plant Operations. We recorded $452,000 in costs and expenses for the water treatment plant and $205,000 for holding costs for the Mt. Emmons molybdenum property during the three months ended June 30, 2014. During the three months ended June 30, 2013, we recorded $403,000 in operating costs related to the water treatment plant and $297,000 in holding costs.

  • richardclovis by richardclovis Aug 20, 2014 1:25 PM Flag

    The Pioneer 66 is now rigging up to drill the Mary Samsonite 1-16-21H in Billings County after completing the Mary Samsonite 3-16-21H in approx 21 days..

    PIONEER 66 EMERALD OIL, INC MARY SAMSONITE 3-16-21H NENW 16-141N-99W BIL 28123
    33007018350000 7/29/2014 Undetermined

    PIONEER 66 EMERALD OIL, INC MARY SAMSONITE 1-16-21H NENW 16-141N-99W BIL 28121
    33007018330000 * MIRU Harry Dunn

  • richardclovis by richardclovis Aug 19, 2014 10:19 AM Flag

    The Precision 289 Rig is now drilling the Slugger 6-16-21H after completing the Talon 6-9-4H in approx 26 days...

    PRECISION 289 EMERALD OIL, INC TALON 6-9-4H NENE 16-149N-102W MCK 27363
    33053055740000 7/21/2014 Undetermined

    PRECISION 289 EMERALD OIL, INC SLUGGER 6-16-21H NENE 16-149N-102W MCK 27362
    33053055730000 8/18/2014 Undetermined

  • Reply to

    Q3...

    by realinvestmentstrategies Aug 16, 2014 9:10 PM
    richardclovis richardclovis Aug 18, 2014 12:20 PM Flag

    To get an idea where the Bruce Weaver #2H is in location to the Beeler #19 H...refer to IV Msg #3548..

  • Reply to

    Q3...

    by realinvestmentstrategies Aug 16, 2014 9:10 PM
    richardclovis richardclovis Aug 18, 2014 9:58 AM Flag

    Also no production included from the Bruce Weaver #2H in the quarter...which looks better than some..

    The Bruce Weaver #2H well was spud June 6, 2014. The well was drilled to a total depth of 13,290 feet, which included an approximate 6,765 foot lateral. The well was completed naturally without fracture stimulation and had an initial production rate of 894 BOE on a 22/64th choke. During the first 10 days of production the well averaged approximately 760 gross BOE/D. During the early flow back, the operator has flared the associated gas from the well, which is not included in the 10-day initial production rate. The well is currently being tied in to a sales line to capture the gas sales, which have been approximately 1,000 MCF/D, or approximately 167 gross additional barrels of oil equivalent based on the first 10 days of production.

  • richardclovis by richardclovis Aug 16, 2014 9:45 AM Flag

    2nd Quarter Wells Started

    Date Started...Well
    3/31/2014..Ron Burgundy 3-23-14H
    4/22/2014..BR Valintine 2-8-5H
    4/23/2014..Talon 5-9-4H
    5/6/2014....Lloyd Christmas 2-4-9H
    5/15/2014..D Annunzio 5-7-6H
    5/27/2014..Lloyd Christmas 1-4-9H
    6/4/2014....Slugger 3-16-21H
    6/14/2014..D Annunzio 4-7-6H
    6/23/2014..Talon 3-9-4H
    6/27/2014..Lloyd Christmas 4-4-9H

    2nd Quarter Completions

    Ty Webb-3-1-12H.......Producing April
    Excalibur-2-25-36H....Producing April
    Excalibur-1-25-36H....Producing April
    Pirate-4-2-11H............Producing April
    D Wormer-1-33-28H.....Producing April
    Pirate-2-2-11H............Producing May
    Pirate-3-2-11H............Producing May
    Caper-2-15-22H.........Producing May (Three Forks)
    D Wormer-2-33-28H.....Producing May
    R Burgundy-3-23-14H...Producing June

    3rd Quarter Wells Started

    Date Started...Well
    7/13/2014..D Annunzio 3-7-6H
    7/21/2014..Talon 6-9-4H
    7/29/2014..M Samsonite 3-16-21H
    8/5/2014....J Goodsen 7-32-29H

    3rd Quarter Completions to Date
    None Reported

    Expected 3rd Quarter Completions....

    B R Valentine-3-8-5H..Drilling Complete Mar 30 2014
    B R Valentine-1-8-5H..Drilling Complete Apr 21 2014
    Slugger-5-16-21..........Drilling Complete Apr 22 2014
    B R Valintine 2-8-5H....Drilling Complete May 14 2014
    L Christmas 2-4-9H....Drilling Complete May 26 2014
    Talon 5-9-4H.................Drilling Complete June 3 2014
    D Annunzio 5-7-6H......Drilling Complete June 13 2014
    Slugger 3-16-21H........Drilling Complete June 22 2014
    L Christmas 1-4-9H....Drilling Complete June 26 2014
    D Annunzio 4-7-6H......Drilling Complete July 12 2014
    Talon 3-9-4H.................Drilling Complete July 20 2014
    L Christmas 4-4-9H....Drilling Complete July 28 2014
    D Annunzio 3-7-6H......Drilling Complete Aug 4 2014
    Talon 6-9-4H.................Drilling Started July 21 2014
    M Samsonite 3-16-21H..Drilling Started July 29 2014
    J Goodsen 7-32-29H......Drilling Started Aug 5 2014

  • richardclovis by richardclovis Aug 15, 2014 9:02 AM Flag

    Too many hurdles to overcome…

    U.S. Energy has withdrawn its application with the state to enter into a Voluntary Cleanup Plan (VCUP) at the old Keystone mine.

    Full text...Investor Village Board..

  • richardclovis by richardclovis Aug 13, 2014 4:33 PM Flag

    2 new Beeler Buda permits requested..both wells are right on top of the Incredible Jessica by CML Exploration..

    Beeler Unit J Well #24H..Dimmit..Crimson
    API #
    RRC #794099
    Location..5 miles NE of Brundage
    Permit pending August 13 2014

    Beeler Unit I Well #22H..Dimmit..Crimson
    API #
    RRC #794095
    Location..5.1 miles NE of Brundage
    Permit pending August 13 2014

  • richardclovis by richardclovis Aug 12, 2014 10:39 PM Flag

    Wood Unit B Well #1H..Dimmit..Crimson
    API #35884
    RRC #772264
    Location..5.2 miles NW of Big Wells
    Spud December 2 2013
    RRC Prod..Oil/Brls...Gas/MCF
    Jan......2,879 Oil..38,592 Gas(Partial Month)
    Feb......2,753 Oil..50,574 Gas
    Mar.......1,910 Oil..43,133 Gas
    Apr........1,312 Oil..26,645 Gas
    May..........978 Oil..24,665 Gas
    June....... 855 Oil..21,658 Gas

    Beeler Unit A Well #9H..Dimmit..Crimson
    API #36211
    RRC #780731
    Location..8.1 miles NW of Big Wells
    Spud March 26 2014
    24-hour flow back rate..883 BOE/D
    30 day average rate..326 BOE/D (~53% oil).
    RRC Prod..Oil/Brls...Gas/MCF
    Apr......1,873 Oil..2,642 Gas (Partial Month)
    May......3,515 Oil.....190 Gas
    June..... 641 Oil..6,399 Gas

    Beeler Unit D Well #16H..Zavala..Crimson
    API #33128
    RRC #782545
    Location..4.7 miles NW of Brundage
    Spud April 18 2014
    Dual Lateral Permit approved June 5 2014
    24-hour flow back rate..1,083 BOE/D (~89% oil)
    30 day average rate..723 BOE/D (~78% oil).
    RRC Prod..Oil/Brls...Gas/MCF
    June...12,689 Oil..10,341 Gas

    Beeler Unit E Well #17H..Zavala..Crimson
    API #33131
    RRC #782700
    Location..5.2 miles NE of Brundage
    Permit approved April 29 2014
    Spud May 13 2014
    24-hour flow back rate..1,326 BOE/D (~88% oil)
    30 day average rate..1,109 BOE/D (~87% oil)
    RRC Prod..Oil/Brls...Gas/MCF
    June...21,007 Oil..11,183 Gas

  • richardclovis by richardclovis Aug 11, 2014 4:18 PM Flag

    #2H..early 24 hour initial production rate of 859 BOE/D, 30 Day Average Gross Production Rate of 797 BOE/D which consisted of 761 barrels of oil, 56 barrels of natural gas liquids and 253 thousand cubic feet of natural gas, on a 25/64th choke.

    #3H...peak 24-hour initial rate of 1,260 BOE/D (92% oil), and had a thirty-day average production rate of 859 BOE/D.

    #4H...peak 24-hour initial rate of 1,430 BOE/D (84% oil), and a thirty-day average production rate of 1,190 BOE/D.

    #5H ST..peak early 24-hour flow back rate of 241 BOE/D and a 30 day average production rate of 122 BOE/D (~52% oil).

    Wil #1H..nitial flow rates have been very positive, and we will continue to monitor the well and observe performance before releasing results.

    #6H..peak early 24-hour flow back rate of 1,185 gross BOE/D (~91% oil).

    #7H..peak early 24-hour flow back rate of 440 gross BOE/D (~90% oil) and a 30 day average production rate of 187 gross BOE/D (~78% oil).

    #8H..peak early 24-hour flow back rate of 886 gross BOE/D (~91% oil) and a 30 day average production rate of 347 gross BOE/D (~71% oil).

    Wil #2H..peak early 24-hour flow back rate of 634 gross BOE/D (~72% oil).

    #9H..peak early 24-hour flow back rate of 883 BOE/D and a 30 day average production rate of 326 BOE/D (~53% oil).

    #16H..peak early 24-hour flow back rate of 1,083 BOE/D (~89% oil) and a 30 day average production rate of 723 BOE/D (~78% oil).

    #17H.. peak early 24-hour flow back rate of 1,326 BOE/D (~88% oil) and a 30 day average production rate of 1,109 BOE/D (~87% oil).

    #19H..peak early 24-hour flow back rate of 1,458 BOE/D (~78% oil) and during the first 28 days of production the well had an average production rate of 1,204 BOE/D (~80% oil).

    #20H..early production data from the well is comparable to the early flow back results of the Beeler #17H well.

  • Reply to

    Buda Well Updates

    by richardclovis Aug 11, 2014 8:41 AM
    richardclovis richardclovis Aug 11, 2014 2:07 PM Flag

    An excellent analogy...especially the Eagleford potential going forward when the Buda laterals play themselves out...

  • Reply to

    Buda Well Updates

    by richardclovis Aug 11, 2014 8:41 AM
    richardclovis richardclovis Aug 11, 2014 10:07 AM Flag

    Forgot to include the #9H update...obviously the TRRC monthly production reports are not conclusive..

    Beeler Unit A Well #9H..Dimmit..Crimson
    API #36211
    RRC #780731
    Location..8.1 miles NW of Big Wells
    Spud March 26 2014
    24-hour flow back rate..883 BOE/D
    30 day average rate..326 BOE/D (~53% oil).
    RRC Prod..Oil/Brls...Gas/MCF
    Apr......1,873 Oil..2,642 Gas (Partial Month)
    May......3,515 Oil....190 Gas

    Beeler Unit D Well #16H..Zavala..Crimson
    API #33128
    RRC #782545
    Location..4.7 miles NW of Brundage
    Spud April 18 2014
    Dual Lateral Permit approved June 5 2014
    24-hour flow back rate..1,083 BOE/D (~89% oil)
    30 day average rate..723 BOE/D (~78% oil).

    Beeler Unit E Well #17H..Zavala..Crimson
    API #33131
    RRC #782700
    Location..5.2 miles NE of Brundage
    Permit approved April 29 2014
    Spud May 13 2014
    24-hour flow back rate..1,326 BOE/D (~88% oil)
    30 day average rate..1,109 BOE/D (~87% oil)

    Reinhard-Zientek #1H..Dimmit..Sage Energy
    API #36285
    RRC #783065
    Location..3.7 miles NW of Big Wells
    Permit approved April 17 2014
    Spud May 3 2014
    Dual Lateral Permit approved June 5 2014
    Drill depth..11,297 feet including an approximate 5,000 foot lateral
    Fracture stimulated during the first week of August 2014 with 17 stages

    Beeler Unit F Well #19H..Zavala..Crimson
    API # 33157
    RRC #787315
    Location..5.0 miles NE of Brundage
    Permit approved June 6 2014
    Spud June 10 2014
    24-hour flow back rate..1,458 BOE/D (~78% oil)
    30 day rate..1,204 BOE/D (~80% oil).

    Beeler Unit C Well #20H..Dimmit..Crimson
    API #36301
    RRC #783523
    Location..4.7 miles NW of Brundage
    Permit approved May 13 2014
    Spud July 3 2014
    Early production mirrors the #17H

    Bruce Weaver #2H Well..Zavala..WCS Oil & Gas
    API #33109
    RRC #778097
    Location..10.1 miles SE of Crystal City
    Stacked Triple Lateral Permit approved Feb 28 2014
    Spud June 6 2014
    Initial production rate of 894 BOE on a 22/64th choke
    10 day average 760 gross BOE/D..less Gas Production (Flared)

    Bruce Weaver #1RE Well..Zavala..WCS Oil & Gas
    API #32385
    RRC #787883

KWK
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