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re: Goodrich Petroleum Announces Tuscaloosa Marine Shale Well Result
Posted on 10/14/14 at 9:21 am to Shepherd88
Posted on 10/14/14 at 9:21 am to Shepherd88
Not sure how I feel about these "smaller" companies like Goodrich and Halcon trying to pioneer the Tuscaloosa. I know getting in early to the Bakken is how Harold Hamm and Continental made it big, but I think this situation is different. Devon didn't even want to mess with it anymore.
1
Posted on 10/15/14 at 10:57 am to TheIndulger
quote:
Halcon trying to pioneer the Tuscaloosa
The guy running that show was the pioneer for the EF in Texas and the TMS is similar to the EF so it was a good match.
I fully expected it to be a commercial play that just takes longer to get rolling than others but now that oil prices have plummeted it just isnt economical to keep pushing forward in development.
Now I think you'll see more leases allowed to expire and drilling scaled way back to only the core area
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