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Started By
Message
re: Tuscaloosa Marine Shale
Posted on 5/20/12 at 8:25 pm to Athanatos
Posted on 5/20/12 at 8:25 pm to Athanatos
All the gas is currently being flared and I'm not sure what the ratio is, but since 18H also began production they are about to pipe the gas from 18H to 17H and compress the gas from both wells at that location.
The total cost was around $12 million for 17H.
The total cost was around $12 million for 17H.
2
Posted on 5/20/12 at 9:11 pm to Beerinthepocket
$12 MM?! Jesus
Posted on 5/20/12 at 9:36 pm to Athanatos
$12MM is too high....marginally economic even at $100/bbl.
Posted on 5/20/12 at 9:53 pm to gonads&strife
too bad strip is $90 How many stages was the frac? Proppant mix?
Posted on 5/20/12 at 9:54 pm to gonads&strife
Huh??? If they produce an average of 250 bopd @ $80/bbl that's $7.3 MM a year. It's paid off in less than 2 years.. I'll take that
Posted on 5/20/12 at 10:31 pm to gonads&strife
The oil out of these wells will get a ~$20 premium over the WTI price, so that should help out the well with making economic sense.
Posted on 5/20/12 at 10:57 pm to b-rab2
Let's take LOE into account big cat.
Posted on 5/21/12 at 6:01 am to Beerinthepocket
Are the rigs from these wells going to move to the Ash wells site?
Posted on 5/21/12 at 8:02 am to Nodust
The drilling rigs aren't onsite any longer, but I've only kept up with info regarding the Anderson wells so I don't know where they would have gone.
Posted on 5/21/12 at 9:13 am to Beerinthepocket
Why?
Posted on 5/23/12 at 1:33 am to Beerinthepocket
Actually I heard the well costs were closer to $20MM on Anderson 17H. That sounds absurd to me but I was told by someone who would know, and I've seen that figure quoted as the upper end of the AFE range in a few articles.
Posted on 5/23/12 at 6:17 am to ShreveportTiger07
Posted on 5/23/12 at 8:46 am to ShreveportTiger07
Links to articles? That's insane.
Posted on 5/23/12 at 11:19 am to ShreveportTiger07
quote:
Actually I heard the well costs were closer to $20MM on Anderson 17H. That sounds absurd to me but I was told by someone who would know, and I've seen that figure quoted as the upper end of the AFE range in a few articles.
That's incorrect, just looked at the report and as of May 17th the cost to date was $12,068,177.
Posted on 5/27/12 at 8:04 pm to Beerinthepocket
This is interesting - about lease negotiations with oil companies. A group of Kansas farmers bands together and turns the table on Big Oil. May be idealistic, but seems they managed to pull it off. What's the major impediment to the same thing happening in the TMS?
Farmer power forces Big Oil bidding war.
Farmer power forces Big Oil bidding war.
This post was edited on 5/27/12 at 8:06 pm
Posted on 5/29/12 at 3:26 pm to tigerpawl
Thats a good idea. Everybody wins. Already got a lease but may keep in mind for the future.
Posted on 5/30/12 at 12:11 pm to Nodust
quote:
Already got a lease
What Parish?
Posted on 5/30/12 at 4:21 pm to Clyde Tipton
quote:County in Mississippi
What Parish?
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