From Tudor Pickering this morning:
"Updated GDP corporate presentation shows new high-rate TMS well (ECA completion). Weyerhaeuser 60 H1 tested 1100boe/d with 7500ft lateral and ~2x proppant intensity vs. prior completions. Geographically, well is located near the Anderson completions which also tested 1000+ boe/d and is southeast of the recent Crosby well (1300 boe/d IP). Initial rates continue to improve, but decline rates and costs are critical to commerciality with both GDP and ECA looking to partially monetize interest."
That 1100 BOEPD better be pretty oily and better hold up with the costs they incurred here. The TMS is looking more marginal as we get more well results in.
This post was edited on 3/18 at 8:53 am