Tuesday, June 27, 2006

Where is Lipan Country? Far NW Hood County, 50 minutes WSW of Fort Worth.

Approx. distances from City of Lipan:
Dennis 10 mi NE
Thrope Springs 14 mi E
Tolar 12 mi SSE
Bluff Dale 11 mi S
Morgan Mill 12 mi SW
Patillo 8 mi W
Santo 12 mi WNW

Thursday, June 22, 2006

Drilling Permits NW of Granbury, at Tolar and near to Thorp Springs, Bluff Dale and Morgan Mill

These horizontal gas well drilling permits are within a 10-15 mile radius of Lipan.

1.03 miles SE of Tolar:
Chief has Swaim Unit #1H approved 5/12/06.

7.3 miles NW of Granbury:
XTO has Wilhoit #4H and #3H approved 3/10/06 & 5/20/06 respectively.

3.0 miles N of Thorp Springs:
EOG has Black Ranch #8H approved 6/20/06.

5.7 miles NW of Bluff Dale:
EOG has Houston Ranch #15H approved 6/20/06.

3.0 miles SE of Morgan Mill:
EOG has Yancy Unit #1H approved 6/14/06.

Friday, June 09, 2006

2 Gas Wells Scheduled East of Lipan

Chief Oil & Gas (soon to be Devon Energy) has scheduled the drilling of 2 gas wells in late August and early September.

The "drilling permits" (W1) can be viewed on the Texas Railroad Commission "Interactive Data" online site - RRC disctrict: 7B; County: Hood; Operator: Chief; Lease name: Ator.

The lease is located 2+ miles east of Lipan on the west side of the Gas Plant Road. A Chief representative states that Union Drilling, Inc. is contracted for the wells.

Originally bought by Howell Petroleum of Houston, Chief subsequently acquired this lease. Most of Chief's Barnett Shale properties are now being transferred to Devon Energy.

Oil field activity around Lipan is more evident with the construction of the Enbridge pipeline connecting the Lipan compressor station with Weatherford. Seismic studies have been completed this spring around Lipan by Time Slice Technology, Inc. and Exploration Geophysics, Inc. which mapped the Barnett Shale geological properties for EOG, Chief and others.

A well east of Lipan on the Ward Lease was drilled in 2005 and reportedly encounted significant water problems. The new seismic studies may enable better results. The Barnett Shale in western Hood County is known as being in the "non-core", or thinner, portion of the formation. As a result, the risk associated with water encroachment is greater.