West Feliciana Oil and Gas

Start diggging, I'm sure you will find something!!

What is the background of the question? Any recent discoveries?

The sacarsm is in direct relation to the vague nature of your question. The only oil and gas discussion on this board is about a play in northwest louisiana, so my answer was an attempt to rattle you for more info. Have you heard of any plays in the area? If not what gives you the hunch that there is? Why does the question (location) have merit when it's as arbitrary as any other, unless you already know the answer

Encore has said in press releases that their first Tuscaloosa Marine Shale wells cost 10 million dollars to drill and complete. Their first LA well IP'd at 74 BOPD. Those economics aren't even close to working for anybody. It could take a long time to prove this play can work. Last I heard lease prices were $25-$50 per acre and until someone can make this play work they probably will not increase much.

TD83-

I am wondering what your take is on the difficulties of producing the TMS.How does the porosity,fracturing,composition differ from Bakken shale.Is there one particular difficulty that comes to mind?

Compared to Haynesville shale everything else is gonna look low and slow especially Tuscaloosa Marine Shale.The main proponent for the TMS is a landman named Dan Collins out of Baton Rouge.

He says that a speculative play like the TMS shoud get at least the price of a barrel of oil per acre and 20% royalty ( 25% if production rates start lookin up)at this point in time.

I signed last year for that amount on a three year lease and I'd be happy if they would just start drilling.The proposal got yanked off the Mississippi docket when the first well came in at 10 milion dollars (so I hear) and some of those would be partners started backing out(which did'nt make sense but so I hear)Compared to the Haynesville play the TMS is going like turtles running uphill through peanut butter(Crunchy)with a pack on their back.

I live and die by the tiny fragments of news coming out of this play and it really sucks.Just too exhausting,gonna get on with my life and quit thinkin about it. Still I must ask, who offered you the lease if you don't mind? I signed with Encore.

These are odd dynamics for a lay person. One day your grateful to see a 45.00 check come in for three months on an old well spudded back in 1985 then you find yourself having to make lease decisions for the next huge oil boom(yepper).I find it quite tiresome just to be pulled into the hype and circumstance but then feel compelled to follow it all through to fruition.

I've got an internet education on it and a realistic urge to forget about it.I'm tryin real hard to go with the latter.