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re: Tuscaloosa Marine Shale - last rites or potential?
Posted on 12/28/16 at 2:12 pm to stevengtiger
Posted on 12/28/16 at 2:12 pm to stevengtiger
I would bet there have been no new technologies brought to the area over the past couple years, whereas in other basins they're drilling the same economics at oil ~50% of what it was. At some point in the next decade I could see someone trying to reinvigorate the area with new, more efficient drilling techniques (similar to what's happening in NE TX/NW LA right now) to bring that $100-$150 bogie down significantly. Won't happen any time soon though. Pure speculation/wishful thinking.
1
Posted on 12/28/16 at 3:33 pm to raw dog
I see what your saying but there is so much oil that is available and not being drilled due to pricing. If there is no need for that technology to arise, I don't foresee anyone spending time/money on it. The TMS is a DEEP play, much deeper than anything in NE TX/NW LA.
I agree that it would be a really big hit for the economy throughout those areas shaded if they could figure out a cheap way to get there, but I wouldn't count on it anytime soon.
I agree that it would be a really big hit for the economy throughout those areas shaded if they could figure out a cheap way to get there, but I wouldn't count on it anytime soon.
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