Flashback (2017): Tellurian Acquires Haynesville Acreage, Production, And Midstream Assets -- May 29, 2022

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

This is a particularly long note: there will be content and typographical errors. If this is important to you, go to the source.

Everybody already knows this. I'm posting this for my benefit. 

This was back in November, 2017, four and a half  years ago.

Link here. 

• buyer: a wholly-owned subsidiary of Tellurian
• seller: Rockcliff Energy Operating LLC
• northern Louisiana
• $85 million
• four million cubic feet per day
• = 21x flowing cubic feet per day
• 1.3 Tcf of gas resource
• 138 drilling locations
• estimated cost to deliver: $2.25 / mmBtus
• 100% held by production
• 92% operated
• allows Tellurian to control pace of development

I posted that so I had something compare with XOM's sale of Barnett assets in north Texas, May 20, 2022. Link here.

• buyer: BKV Corp
• Denver-based; majority owned by Thai energy firmm Banpu PCL
• BKV, formed in 2015 by Thailand’s Banpu Kalnin Ventures, recently reported gross natural gas production of 550,000 Mcf/d from the Barnett. In Pennsylvania, BKV holds 50,000 gross acres across the Marcellus Shale, with around 150,000 Mcf/d gross production.
• largest natural gas producer in the Barnett shale
• seller: XOM; non-operated gas assets; (XTO?)
• north Texas
• $750 million
• details
• 160,000 net acres: Tarrant (Ft Worth), Johnson, and Parker counties
• $5,000 / acre
• working interest, 93% in over 2,100 wells
• 750 miles of gathering pipelines, and other infrastructure
• other details
• BKV has been scooping up Lower 48 natural gas assets in recent years, primarily in the Barnett. Devon Energy Corp. sold its Barnett properties to BKV in 2020. Devon had made its Lower 48 unconventional name in the Barnett after taking over Mitchell Energy & Development Corp.
• XOM's Barnett, details:
• 954 million cfd (plus oil and condensate) at peak
• the Barnett Shale (ExxonMobil Corporation) TX unconventional gas field recovered 33.91% of its total recoverable reserves, with peak production expected in 2030. The peak production will approximately 0.31 thousand bpd of crude oil and condensate, 954 Mmcfd of natural gas and 0.13 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050. 
• the field is expected to recover 892.28 Mmboe, comprised of 2.64 Mmbbl of crude oil & condensate, 5,331.27 bcf of natural gas reserves and 1.09 Mmbbl of natural gas liquid reserves. Barnett Shale (ExxonMobil Corporation) TX unconventional gas field reserves accounts 0.76% of total remaining reserves of producing unconventional gas fields globally.