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Started By
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re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 3/1/14 at 6:12 am to Beerinthepocket
Posted on 3/1/14 at 6:12 am to Beerinthepocket
I don't think they've got them that low yet.
1
Posted on 3/1/14 at 8:02 am to CompanyMan
From what little I can tell, and I know next to nothing regarding the oil business, and can only go by what research I can do this play is very young and there are still lots of questions to be answered. The only way to answer those questions is to keep drilling. The cost for the oil companies to lease in the MS/LA areas has been very low as compared to some of the the other shale areas and that is an advantage that could pay off big time in the future for them.
One of the big unknowns at this time is the actual decline curves of the wells. The Crosby well has shown a very decent one as have some of the others, even though they had lateral and other mechanical problems. It appears that there were similar situations like these in the EFS and some other areas as well, so who knows maybe they can work the issues out.
What is apparently certain is that the oil is there and in big quantities. Hopefully with more companies drilling the "code" will get cracked.
One of the big unknowns at this time is the actual decline curves of the wells. The Crosby well has shown a very decent one as have some of the others, even though they had lateral and other mechanical problems. It appears that there were similar situations like these in the EFS and some other areas as well, so who knows maybe they can work the issues out.
What is apparently certain is that the oil is there and in big quantities. Hopefully with more companies drilling the "code" will get cracked.
Posted on 3/1/14 at 8:49 am to RGV AG
What about Catahoula and Concordia Parishs? I've seen most maps that have these on the northern end. Just curious as to their chances?
Posted on 3/1/14 at 9:16 am to RGV AG
quote:
What is apparently certain is that the oil is there and in big quantities. Hopefully with more companies drilling the "code" will get cracked.
The oil is in the green river formation also. That doesn't mean it is a viable play.
quote:
The Green River Formation contains the largest oil shale deposits in the world. It has been estimated that the oil shale reserves could be equal up to 3 trillion barrels (480 billion cubic metres) of shale oil, up to half of which may be recoverable by shale oil extraction technologies ("cooking" kerogen)
This post was edited on 3/1/14 at 9:23 am
Posted on 3/1/14 at 10:53 am to redstick13
Redstick:
I love Oronoco too, a wonderful rum. Have not had any in a long time sadly enough.
Again, and I hope I don't show my complete ignorance here, isn't the Green River shale much more solid than what is found in the TMS and EFS? It is not so much a drilling equation, but also heavy duty chemistry and science right?
For those of us that own property and minerals in the LA/MS TMS area we can only hope that it can become an economical play. In reading about the TMS, and I can't find it for some reason, I remember reading that 3 to 4 of the wells drilled thus far are considered profitable or should be profitable based on cost and the decline curve. Obviously the Crosby, but I think the Anderson Wells and the Horseshoe Hill well as well. Given that there has been some success I would think that with so many companies going in and spending big money on it that they think they can make it viable.
Bur there is a big difference between thinking and doing, I get that. Let's just hope for the best, the area needs it.
I love Oronoco too, a wonderful rum. Have not had any in a long time sadly enough.
Again, and I hope I don't show my complete ignorance here, isn't the Green River shale much more solid than what is found in the TMS and EFS? It is not so much a drilling equation, but also heavy duty chemistry and science right?
For those of us that own property and minerals in the LA/MS TMS area we can only hope that it can become an economical play. In reading about the TMS, and I can't find it for some reason, I remember reading that 3 to 4 of the wells drilled thus far are considered profitable or should be profitable based on cost and the decline curve. Obviously the Crosby, but I think the Anderson Wells and the Horseshoe Hill well as well. Given that there has been some success I would think that with so many companies going in and spending big money on it that they think they can make it viable.
Bur there is a big difference between thinking and doing, I get that. Let's just hope for the best, the area needs it.
Posted on 3/1/14 at 11:49 am to FelicianaTigerfan
quote:
Goodrich did good on the Crosby well but seems to have been doing a lot of experimenting on wells since then. I think they had a plan from the beginning but wanted to test a bunch of different strategies before settling on a method and going all in. Their recent stock fall and unhappy investors may be making them show their hand a little early but only time will tell.
Oil companies don't "test strategies". They go in with a drilling plan they expect to work and hopefully fine tune it. Goodrich is having very big problems and the wells simply haven't been successful. From the sound of things, the problems won't likely be resolved. Goodrich has committed themselves to the play and will likely sink along with it.
That area has always been problematic to drill and that will never change. The only way it can become economical is if oil prices go much higher.
Posted on 3/1/14 at 12:10 pm to RGV AG
quote:
Again, and I hope I don't show my complete ignorance here, isn't the Green River shale much more solid than what is found in the TMS and EFS? It is not so much a drilling equation, but also heavy duty chemistry and science right?
It's mostly a chemical issue. The deposits are actually kerogen which has to be heated to release the hydrocarbons. There are two ways to do this, ex-situ and in-situ.
Ex-situ requires mining the oil shale and treating it after removal. Exxon had a large operation in Parachute, Colorado in the 80's that was shut down when the industry went bust. The mines are still there for anyone wanting to check it out.
The preferred method is in-situ treatment but so far there have been no overwhelming success stories. Shell was leading the charge in this area but they have since shut down their operation near Craig, CO. They're process involved drilling a circle of wells and heating the ground with either electrodes or steam. It was a timely and energy demanding process.
The one thing that makes the green river oil shale attractive is that it is only about 1500 feet below the surface.
I don't know many people who drink Oronoco besides myself.
Posted on 3/1/14 at 2:44 pm to Martini
quote:
What about Catahoula and Concordia Parishs? I've seen most maps that have these on the northern end. Just curious as to their chances?
This is where I'm from . I'm not sure what the chances are but I know a few people who have leased their land to some drilling companies. Not sure which though. None of them have started any major drilling though.
Posted on 3/1/14 at 5:30 pm to redstick13
Redstick:
Yes, Oronoco is really interesting and good. I am rum drinker for the most part. I usually stick to and prefer Flor de Cana, as it is cheap, very good, and readily available here in Nicaragua.
Some Brazilian neighbors turned me on to Oronoco, I really enjoyed it several times and wiped out the one bottle they gave me pretty quick.
Thanks for the refresher on the Green River stuff, I remember reading about that a few times. Eventually they will figure something out. As a land and mineral owner with land leased and some set to be drilled soon in the TMS I do hope you are wrong, in a very polite way mind you, about the TMS. I hope with enough different companies looking at it that they will figure it out, and they might. But I believe that you are right in the sense that it is going to be awfully expensive. And at the end of the day this is about the oil companies making money.
Yes, Oronoco is really interesting and good. I am rum drinker for the most part. I usually stick to and prefer Flor de Cana, as it is cheap, very good, and readily available here in Nicaragua.
Some Brazilian neighbors turned me on to Oronoco, I really enjoyed it several times and wiped out the one bottle they gave me pretty quick.
Thanks for the refresher on the Green River stuff, I remember reading about that a few times. Eventually they will figure something out. As a land and mineral owner with land leased and some set to be drilled soon in the TMS I do hope you are wrong, in a very polite way mind you, about the TMS. I hope with enough different companies looking at it that they will figure it out, and they might. But I believe that you are right in the sense that it is going to be awfully expensive. And at the end of the day this is about the oil companies making money.
Posted on 3/4/14 at 12:30 pm to FelicianaTigerfan
just some strong rumblings from someone i trust. Been a positive few weeks. They believe with a few tweaks they can shatter old record...as in double
Posted on 3/4/14 at 2:40 pm to deNYEd
Love hearing that. Saw Halcon made a big move and something happened to make their stocks jump.
Posted on 3/4/14 at 4:54 pm to deNYEd
quote:
just some strong rumblings from someone i trust. Been a positive few weeks. They believe with a few tweaks they can shatter old record...as in double
What few tweaks can double production? Atrtificial lift change? Different Frac Job? This is dumb statement. If they are trying more stages, more sand, ceramic, etc... Then that means more money too. If they can "double" their production by a few tweaks then a lot of people need to be fired for screwing it up and wasting serious money. The only tweak I can think of that wouldn't have a major cost impact is drilling the lateral in the correct direction, but still someone needs to be fired for screwing up the open fracture directions. If they do double production I'm willing to bet its due to better rock.
This post was edited on 3/4/14 at 5:14 pm
Posted on 3/4/14 at 5:49 pm to PetreauxCat
Even Goodrich stock went up today. The concerning thing for me is that there just have not been many well results reported lately, and those that have been are not too good.
Posted on 3/4/14 at 6:02 pm to RGV AG
Where can you buy Oronoco rum in the states? Thanks.
This post was edited on 3/4/14 at 6:03 pm
Posted on 3/4/14 at 7:41 pm to RGV AG
Anyone know anything about the state of Hilcorp Energy and their work in the trend?
Posted on 3/4/14 at 9:42 pm to BigAppleTiger
Hear they may have plans to drill the southern fringe of the TMS
Posted on 3/4/14 at 9:57 pm to RGV AG
Got into goodrich last week, so far it has been good for me but after reading this thread I am about to get out while I'm up a little, Is it something worth holding on to long term..any chance of a buy out before a crash?
I got in because I work around the area some and it seems like they were making good progress (they missed last quarters earnings and caused a drop because of delays on wells which are now making progress)..any suggestions? it's not much $ but it all makes a difference
I got in because I work around the area some and it seems like they were making good progress (they missed last quarters earnings and caused a drop because of delays on wells which are now making progress)..any suggestions? it's not much $ but it all makes a difference
Posted on 3/5/14 at 12:10 pm to dewster
Posted on 3/5/14 at 2:41 pm to BigAppleTiger
quote:
Anyone know anything about the state of Hilcorp Energy and their work in the trend?
They just permitted a well in Livingston Parish
LINK
Posted on 3/5/14 at 4:05 pm to FelicianaTigerfan
Thanks. They lease some land from my family in Pointe Coupee. Royalties have been down to a few hundred a month for the last 5-10 years, wondering if they plan on ramping anything existing up. People who know the area and business have said to be patient(not that there is another alternative) for new developments.
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