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Drilling and oilfield businesses in Natchez, MS
Posted on 3/24/15 at 1:17 pm
Posted on 3/24/15 at 1:17 pm
Why so many in such a small town? It's like a mini New Iberia/Lafayette with so many of these firms.
7
Posted on 3/24/15 at 1:20 pm to Paul Allen
I'm no oilfield expert, but isn't there a fault line that runs thru around there?
Posted on 3/24/15 at 1:21 pm to Paul Allen
quote:
It's like a mini New Iberia/Lafayette with so many of these firms.
What does a Natchez haircut look like?
Posted on 3/24/15 at 1:22 pm to Boudreaux35
quote:
I'm no oilfield expert, but isn't there a fault line that runs thru around there?
a.k.a. the Mississippi River
Posted on 3/24/15 at 1:22 pm to Paul Allen
That ares use to and still does have a decent amount of oil activity, there are a good bit of small oilfield companies there and across the river. There are a handful of fields in Concordia and south of Natchez. Plus Natchez is the biggest town in that area.
This post was edited on 3/24/15 at 1:24 pm
Posted on 3/24/15 at 1:23 pm to Jim Rockford
Posted on 3/24/15 at 1:53 pm to Boudreaux35
Fault line in Natchez?
Posted on 3/24/15 at 1:58 pm to Paul Allen
I follow callon petroleum pretty closely. They're headquartered in Natchez, Miss., but most of their acreage is in Texas.
Posted on 3/24/15 at 2:12 pm to Paul Allen
quote:
Fault line in Natchez?
Sorry, I used a wrong term there. Not a fault, but the tuscaloosa marine shale trend pretty much goes right thru that area.
Yeh, I know a trend and a fault are two different things....I just remember there being a big interest in drilling around that region years ago.
Posted on 3/24/15 at 2:16 pm to Paul Allen
oil, international paper, and johns manville were booming businesses in the area after the war. sadly, ip and jm closed, and the oil industry has declined.
natchez has relied on tourism and gambling since.
natchez has relied on tourism and gambling since.
Posted on 3/24/15 at 2:24 pm to Boudreaux35
Yea it's right there, but not many people are shooting for the Tuscaloosa currently. Costs a lot of money to produce the O&G from that formation, and that's a lot of money companies currently don't have.
Posted on 3/24/15 at 2:24 pm to Kashmir
There is some old oil fields in the area. Both on the Mississippi side and Louisiana side. The MS river has nothing to do with fault lines.
The Wilcox and Tuscaloosa Sands are the most popular formations around there.
The Wilcox and Tuscaloosa Sands are the most popular formations around there.
Posted on 3/24/15 at 2:59 pm to Paul Allen
quote:
Why so many in such a small town? It's like a mini New Iberia/Lafayette with so many of these firms.
This post was edited on 6/25/18 at 8:43 am
Posted on 3/24/15 at 3:04 pm to undrafted
quote:
The Wilcox and Tuscaloosa Sands are the most popular formations around there.
There were some huge Wilcox fields there back in the 60's and 70's. At one time all the major players had yards and fields in Natchez. The majors all pulled out in the 80's but there are quite a few small firms left.
Posted on 3/24/15 at 3:28 pm to Jp1LSU
CPE?
Posted on 3/24/15 at 3:39 pm to Paul Allen
Yes, symbol CPE. The Ceo is Fred Callon who lives in Natchez. I've bought/sold this one multiple times. Sold at $7.56 in Feb, but got back in at $6.4 last week.
The company has great real estate in Texas.
The company has great real estate in Texas.
Posted on 3/24/15 at 6:50 pm to Jp1LSU
Cool
Posted on 3/24/15 at 6:53 pm to Paul Allen
Callon and D&D are the best
This post was edited on 3/24/15 at 6:53 pm
Posted on 3/24/15 at 6:56 pm to Dodd
Word
Posted on 3/24/15 at 7:29 pm to Dodd
quote:
D&D are the best
I worked on one of their rigs when I was in oil services a few years ago. It was pretty old school, up near Yazoo city.
It is kind of surprising that natchez would be a little oil town..you might not hear about a lot of oilfield activity there, but Mississippi and Alabama (and nearby Louisiana for that matter) have tons and tons of old oil wells that are owned by small outfits and probably need routine maintenance. I guess it's easier to order shite from natchez than from Lafayette.
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