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Started By
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re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 6/2/14 at 9:48 am to PetreauxCat
Posted on 6/2/14 at 9:48 am to PetreauxCat
quote:Damn it. Got me all excited until I saw the date of the post
HK up 14% today
1
Posted on 12/27/14 at 7:35 pm to ForeverLSU02
How's things going in the TMS these days?
Posted on 12/27/14 at 7:53 pm to redstick13
Here's a look at the stock performance of the main publicly-traded TMS players over the last six months, sorted by approximate net acreage in the TMS:
Halcon (HK): Down 73% to 1.88
Goodrich (GDP): Down 82% to 4.88
Encana (ECA): Down 43% to 13.70
Sanchez (SN): Down 75% to 9.40
Comstock (CRK): Down 76% to 6.82
Halcon (HK): Down 73% to 1.88
Goodrich (GDP): Down 82% to 4.88
Encana (ECA): Down 43% to 13.70
Sanchez (SN): Down 75% to 9.40
Comstock (CRK): Down 76% to 6.82
Posted on 12/27/14 at 8:21 pm to Bayou Tiger
Looks like a buying opportunity
Posted on 12/27/14 at 8:27 pm to white perch
quote:If the breakeven oil price in the TMS is north of $80/bbl, that's being generous.
Looks like a buying opportunity
More like a gambling opportunity
Posted on 4/17/15 at 9:55 am to Bayou Tiger
Reports of a new king of the TMS out there. I believe its an EnCana well southeast of Liberty MS
Longleaf 29-h2
Longleaf 29-h2
This post was edited on 4/17/15 at 10:07 am
Posted on 4/17/15 at 2:04 pm to FelicianaTigerfan
We own land just east of Centreville, Maybe we're about to get paid
Posted on 4/17/15 at 4:50 pm to FelicianaTigerfan
Posted on 4/17/15 at 8:03 pm to FelicianaTigerfan
Good I got a bunch of HK
Posted on 4/17/15 at 9:33 pm to eng08
probably best to stay away from TMS players. Stick to the Permian and EGFD players.
Posted on 4/18/15 at 8:20 pm to TigerV
Well I bought it a year ago so I'm kind of just sitting on it..
Posted on 4/20/15 at 7:50 am to eng08
quote:
Good I got a bunch of HK
Prayers sent.
Posted on 4/20/15 at 9:29 am to cwill
Yeah I know...
Posted on 4/22/15 at 10:44 pm to FelicianaTigerfan
quote:
The EnCana Lawson 25-13H-1 began producing on March 18, 2015. The well has the longest later in the TMS at 9,800 foot. It was fracked with 29 stages.
This well was drilled north from the same pad as the south drilled Lawson 25H-1 in downtown Gillsburg.
The Mississippi Oil and Gas Board performed a 24 hour flow back test on April 1, 2015 (no fooling), the 15th day of flow back.
Using a 15/64 choke the production was 1,294 barrels of oil for this test day.
The production had not peaked at this point and rumors are that the 30 day production was likely in excess of 35,000 barrels.
Peak production was around 1,400 barrels of oil based on a Goodrich Petroleum presentation on April 20 that rated this well as having the 2nd highest 24 hour production of any well in the TMS. Specifically, the presentation listed this well as having 1,600 boe. Boe is barrels of oil equivalent, meaning gas production is included. I estimate the barrels of oil would have been in excess of 1,400
Posted on 4/22/15 at 10:54 pm to RGV AG
quote:
The well has the longest lateral in the TMS at 9,800 foot. It was fracked with 29 stages.
Good lord. I would hope they could get over 1k bopd with a completion interval that long w those many stages. How much did that well cost?
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.
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.
Posted on 4/23/15 at 12:51 pm to TigerDog83
Tiger Dog:
Thanks for the info, I have oft wondered about the numbers myself, as I know very little about it I have been curious as to where the operators get those numbers.
A few of the wells are still holding above 1500 barrels per month, but to get some of the EUR's that are being thrown around they would have to average 3600 or so barrels a month for 15 years. I have always wondered what the life expectancy of these wells is? Any info would be appreciated.
Thanks for the info, I have oft wondered about the numbers myself, as I know very little about it I have been curious as to where the operators get those numbers.
A few of the wells are still holding above 1500 barrels per month, but to get some of the EUR's that are being thrown around they would have to average 3600 or so barrels a month for 15 years. I have always wondered what the life expectancy of these wells is? Any info would be appreciated.
Posted on 4/23/15 at 1:01 pm to RGV AG
MS OGB TMS Data
Try this out and peruse it for a while. It's never been a secret that the TMS is a tricky zone to drill in that area anyhow but these numbers really make somebody wonder how it will ever work.
Try this out and peruse it for a while. It's never been a secret that the TMS is a tricky zone to drill in that area anyhow but these numbers really make somebody wonder how it will ever work.
Posted on 4/23/15 at 3:24 pm to TigerDog83
TigerDog:
Yes sir, I look at that every month. We have acreage in several wells permitted, and two that are now being fracked. That is the gist of my curiosity.
When I look at the MSOGB data I also take a pause in the sense that unless these wells last between 15-20 years I do not believe they will reach the EUR projections either. Now, what GDP/ECA/HK and others have listed as their EUR's also includes gas, but the TMS is mostly oil with not all that much gas.
Many of the wells, especially Halcon's, are very poor. I know very, very little about the O&G business, but when I run some brief numbers I figure that in order for the TMS to reasonably viable oil has to be about $80 or above and the well costs have to come down to around no more than $9mm per well.
The TMS has a very low land cost and lower royalty burdens compared to some of the other areas. So there is that slight positive. But unless the wells are repeatably good, better than the most of the last 10-12 I don't see there being long term viability in the TMS given the oil prices.
Yes sir, I look at that every month. We have acreage in several wells permitted, and two that are now being fracked. That is the gist of my curiosity.
When I look at the MSOGB data I also take a pause in the sense that unless these wells last between 15-20 years I do not believe they will reach the EUR projections either. Now, what GDP/ECA/HK and others have listed as their EUR's also includes gas, but the TMS is mostly oil with not all that much gas.
Many of the wells, especially Halcon's, are very poor. I know very, very little about the O&G business, but when I run some brief numbers I figure that in order for the TMS to reasonably viable oil has to be about $80 or above and the well costs have to come down to around no more than $9mm per well.
The TMS has a very low land cost and lower royalty burdens compared to some of the other areas. So there is that slight positive. But unless the wells are repeatably good, better than the most of the last 10-12 I don't see there being long term viability in the TMS given the oil prices.
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