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Message
re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 8/8/13 at 7:56 am to cwill
Posted on 8/8/13 at 7:56 am to cwill
quote:
Their main problem was just getting the well down.
Yeah, this is a tough formation to drill in, and a couple of these wells blew the AFE costs out of the water. I've heard through some sources that a couple of the Devon wells cost upwards of 20-25 million.
2
Posted on 8/8/13 at 10:26 am to TigerDog83
quote:
I've heard through some sources that a couple of the Devon wells cost upwards of 20-25 million.
Yikes. That's pretty brutal.
Posted on 9/3/13 at 9:34 am to TigerDog83
quote:
Yeah, this is a tough formation to drill in, and a couple of these wells blew the AFE costs out of the water. I've heard through some sources that a couple of the Devon wells cost upwards of 20-25 million.
That's what I'm hearing as well on the high costs per well. I'd heard it put as more than double a Haynesville well, but this is the first actual number I've heard.
At that cost per well you are looking at needing $75+/bbl oil to make the projects worth doing. Right now that's not an issue, but it could be in a year or two.
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