Last few points before I finally leave Grady alone. Have hinted at the Hoxbar in the past, and regard it important in taking MAGP to the next level. Extracts on the general area are -
"A third highlighted well -- Green Acres 1-36H, drilled in Grady County, OK, in the SCOOP's oil window -- averaged 980 boe/d during the first quarter, with 78% weighted toward oil".
A commentator has said -
"I think the operators will go after the Woodford for the most part. The Hoxbar is 4000 feet thick north of Ardmore in the Anadarko Basin. It is made up of various members of shale, sandstone and limestone. It is not like the Woodford where you have a fairly thick, 150-400 feet of shale to follow with the bit. With the varied makeup of the Hoxbar you are going to find pay up and down the thickness of it but where you find it and what it is and how thick it is will vary up through Grady and Caddo Counties.
"While the Woodford is beginning to be known or derisked, the Hoxbar, being much thicker in places, is going to take some hunting to find zones that will produce. It will not be a blanket layer of hydrocarbon production like the Woodford is across Grady and Stephens. The Hoxbar, or portions of it, have been productive in vertical wells. No doubt it will receive the attention of some horizontal wells just like the Hunton and Viola will.
"I'm looking for someone to go into the depleted Springer sands in 7N-7W on the east side of Chickasha and try to squeeze some more hydrocarbons out of that formation.
"In an oil and gas rich and proved productive area like the Anadarko basin you can look for activity with horizontal wells for years to come."
Apologies if this has been posted before but it does give some credibility for the land grab and makes me think that the acreage being acquired (posted by Bakoven) in Payne Noble and Logan looks to be a good fit with the needs of Devon energy and Sinopec with their ambitions in the Woodford and Mississippi.
PERRY — Devon Energy Corp. is trying to drill its way to its next big oil play.
The Oklahoma City-based oil producer is exploring about 650,000 net acres it has leased in northern Oklahoma with access to two potentially productive rock formations: the Mississippian limestone and Woodford Shale.
Devon was running 14 rigs in the play as 2013 wound down, with most of that activity focused on the area covered by its joint venture with Sinopec.
The Chinese firm committed $1.6 billion to fund Devon's drilling operations in several emerging oil plays as part of the deal struck in 2012.
The Mississippian-Woodford acreage covered by that deal is centred in Logan, Payne and Noble counties.
Devon planned to drill about 350 wells in the area last year.
Thanks OilM, it will work itself out eventually even if includes me putting my boot in some unsavoury places aha.
Neat, I have been here a long time I have always said I will buy on the way up and on the way down and no doubt on the way back up. I have a nice figure in mind and when I reach it I will stop adding. However if people dont know the strategy they are not going to invest. We want an II on board to help push the final price up for takeover. Tht simply wont happen until the BOD nail down what they are going to do. Yes this company will grow (it hasnt stopped) but its going to be a very long time before the company is back in vogue at this rate which means the company can be bought out cheaply.
I feel my concerns are valid however that doesnt mean I am not behind the current BOD.
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