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re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 4/23/15 at 9:49 am to lsugradman
Posted on 4/23/15 at 9:49 am to lsugradman
I don't know the cost but I would guess they'll never make their money back in this price environment.
1
Posted on 4/23/15 at 10:04 am to cwill
Looked at some cumulative production numbers on all the Mississippi TMS wells the other day and I believe that none of them will come close to some of the EUR's being thrown around by the operators. The best wells have made in the range of 185-190K bbls in close to two years time and are down to 1,000 barrels a month give or take. I'm not sure that would work at $100 oil.
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