re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540

Don't have the AFEs in front of me but one was not extravagant and came in under budget. I was told it will be pure profit in a matter of months.

The second was a real mess. Casing failures, multiple sidetracks, etc etc. They eventually T&A and came back and set a whipstock in the 9 5/8. We were very near the technical limits on being able to drill the well. I was actually the lead out on the rig for the final sidetrack. We pulled it off without a hitch and the production was much, much higher than they expected. So even with all the over budget issues they were telling me the well will pay itself off in under a year.

I'm now planning an HTHP project for this same client and it is massively complex. So many things that can go wrong on these things.

They seem to be doing a good job getting cost down from what I'm hearing.

Not unconventional I'm sure...Can't really compare that to a 1,000 bbl/day unconventional well..they're too entirely different ballgames. It might require drilling 20x more wells but the oil companies are still profiting from unconventional. Except in the tuscaloosa, of course

Sent question

Parachute, CO in its natural state.




You can probably imagine the heavy truck traffic that is now running these roadways not even remotely designed for this type traffic. I own a rcck crawling Jeep with a 6 inch lift, heavy custom modifications and 35 inch tires and it takes an absolute beating. Basically if you own anything other than a Ford, Toyota, or to a lesser extent Dodge and Nissan, you're going to likely be in the market for a new vehicle once the frack and water trucks maul your roads. Hopefully your local legislation is taking preemptive measures to address these potential problems.

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Basically if you own anything other than a Ford, Toyota, or to a lesser extent Dodge and Nissan, you're going to likely be in the market for a new vehicle once the frack and water trucks maul your roads

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They just spent a week hauling in a rig down my small, narrow, substandard paved road. Can't imagine how bad it will be if they do more wells down here

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HOUSTON, April 14, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation (GDP) today announced the completion of its Blades 33H-1 (66.7% WI) well in Tangipahoa Parish, Louisiana. The well has achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent ("BOE") per day, comprised of 1,250 barrels of oil and 115 Mcf of gas on a 14/64 inch choke from an approximate 5,000 foot lateral. The well landed in the Company's lower target, was drilled and completed under budget and was fracked with 20 stages using composite plugs that were drilled out prior to flow back. The Company's completion methodology was slightly modified from previously completed wells. The well was drilled on a portion of the 185,000 net acres acquired in August 2013 and is approximately 48 miles southeast from the Company operated Crosby 12H-1 well in Wilkinson County, Mississippi and five miles east of a horizontal well previously drilled on the acquired acreage.

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GDP touting a favorable result from their point of view for this well. Rumor has it that the drilling on the Lewis and Nunnery wells in Amite county is going well. I am glad to see this result.

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Keep it in perspective. Colorado is 104,100 square miles big (8th largest state). Tires are 12 inches wide ±. Relatively speaking, about the same impact as a human hair on a football field. Pull back the lens.

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Horrible logic

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"Goodrich Petroleum Corporation (NYSE: GDP) today announced the completion of its C.H. Lewis 30-19H-1 (81.4% WI) well in Amite County, Mississippi. The well has achieved a peak 24-hour average production rate to date of 1,450 barrels of oil equivalent ("BOE") per day, comprised of 1,387 barrels of oil and 377 Mcf of gas on a 16/64 inch choke from an approximate 6,600 foot lateral. The well landed in the Company's lower target and was completed with 26 frac stages.

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LINK
A little more good news from GDP. Their stock looks to open higher yet again. They are presenting about 8 times in the next 6 weeks or so at different conferences and stuff, you would think they have a good message to spread. Maybe things will keep improving.