re: Tell me about the Tuscaloosa Marine Shale deposit in Louisiana.

With the TMS, you are dealing with high pressure and high temperature formation. Very few companies have the equipment that can handle these type of issues. plus your talking about 12,000 foot vertical with a 5,000 foot horizontal section. Not many land rigs are able to handle the weight of these types of drill strings are located in the Louisiana area. Plus your looking at $100,000 per day just in operating costs. like someone said earlier in the board, the IP has to be pretty substantial to make a good payout time on this.

The TMS is not economical

Goodrich has put most of their eggs in this basket, and it seems like they are "riding for the Brand" at this point. They are in a make it work or die situation.

these wells seem to come on strong, but they decline too fast. goodrich says they have a new frack design to help the clay minerals from swelling, sluffing, and plugging the well back up, but we will have to sit back and watch.

It is a late cretaceous marine deposit. It is a calcareous shale which means th hase some lime in the mostly clay depoits, which is typical for most shales. Calling it a marine shale is fairly redundant, although ther are some shales that form in deltas, most shales are marine depositions.

It is similar to the EGFD (agleford in South Texas, but the TMS is deeper, has higher temperatures, (which is hard on directional drilling and logging tools) and harder rock to drill. The pressure gradient is also higher whick requires higher pressures to frac, which breaks equipment, so it costs more.

As far as polluting drinking water, frac jobs do not do that. Three are some things that pollute surface waters in the oil and gas industry, but frac jobs do not. More than likely when something gets polluted it is a leak in a pipeline or an 18 wheeler wrecking and spilling salt. wate or oil.

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The TMS is a single formation that stretches from Texas to Mississippi.

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Wrong.

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The TMS is not economical

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Im betting you're wrong here

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hese wells seem to come on strong, but they decline too fast. goodrich says they have a new frack design to help the clay minerals from swelling, sluffing, and plugging the well back up,

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They think the gassier wells that IP @ 75% oil will not decline as fast as the other and will surpass them. Goodrich and Halcon have stated that the clay issues they were expecting havent materialized yet so thats a positive sign.

It does appear GDP and HK have both invested big into the TMS. recently the 50 well number was passed so this thing is still an infant. As long as price of oil stays above 80 a barrel they will continue to drill the TMS imo

Disclaimer- I dont know shite about the industry, stocks, geology, or anything else related to teh development of TMS and im just repeating what ive read / been told

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The TMS is not economical

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That depends on commodity price. Marsh mud is economical to produce if the price of methane is high enough.

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The TMS would be a great placed to work.

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Ther are talks of 200 wells this time next year. I know they are short on frac crews because some of the wells sit for a few weeks after being drilled before they are fracced.

The Blackstone site well (Halcon operated)on Hwy 24 between woodvile and centerville was drilled in 29 days I think. Its been running smooth and should have similar numbers to the HH well that IPed aroung 1300. While the SLC of Goodrich took around 50 something days ( This rig has been retired from the TMS.

100k a day drilling and 29 day to TD vs 50 something is huge. With gravel and sand pits being bought, service companies getting involved, etc its easy to see how cost can get down from the 15mm dollar wells to below 13.

I really hope the man camps and workers stay housed in Mississippi though. I was recently in Kansas where they are drilling the Mississippi lime and met a guy from Deridder. He said he had to come back to LA soon because he had a court case pending and they were offering him a 25 year plead deal. All I could think of was how these are the folks we'll get. The ones running from mistakes and hiding in oil fields. I know they arent all like that but just a few could turn some of these small towns to shite.

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but I need to get on in o&g work, whether it's TMS or offshore or whatever.

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I have no experience

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Not sure how someone with no experience gets a start but im certain it will offshore. The internet is your friend. research companies and submit more applications than you care to. Good luck

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Really now? That is from the website itself.

Edit: The TMS formation itself becomes a different name in eastern Texas but it is the same formation that continues into Louisiana and into Mississippi. I'm not saying that all of it contains valuable resources. The highest resistivity readings are north of Baton Rouge at the border and in Mississippi with some within Central LA.

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So, hopefully you now realize why that was wrong what you said.

It's not only in Louisiana/MS, sure the name is germane to the state, but the play extends all along the gulf coast and int the central part of Texas.

Also, it's not a formation, but a unit in a member. Actually, it's classified awkwardly, which makes it hard to talk about accurately across disciplines.

It's basically a member in a formation in a group. If we want to get down to semantics.


I do my work in what's called the Greenhorn Formation, which is the same thing as the Eagle Ford, which is the same thing as the Tuscaloosa Marine Shale.

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All my work is based in central LA in the Wilcox

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Here's a website I use to find all the formations that are named differently across the country.

LINK

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Here's a website I use to find all the formations that are named differently across the country.

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I was looking for this... I couldn't find it while I was wasting time between work.