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Started By
Message
Tell me about the Tuscaloosa Marine Shale deposit in Louisiana.
Posted on 2/28/14 at 9:10 pm
Posted on 2/28/14 at 9:10 pm
Are there really 7 billion barrels of hydrocarbons in there?
How rich with this make our home state of Louisiana?
How rich with this make our home state of Louisiana?
18
Posted on 2/28/14 at 9:12 pm to Champagne
I'm hoping my grandparents hit oil. They're supposed to start drilling sometime this year on their land. 
Posted on 2/28/14 at 9:12 pm to Champagne
quote:
Tell me about the Tuscaloosa Marine Shale deposit in Louisiana.
No
Posted on 2/28/14 at 9:13 pm to Champagne
If you don't own a boat. Get one. Park that bastard in the water and put it to work.
Posted on 2/28/14 at 9:17 pm to Champagne
Richer than the haynesville I hope
Posted on 2/28/14 at 9:23 pm to Champagne
it is a hell of a big formation running basically from texas to mississippi...
strange thing is, I am not sure I have ever seen an economically viable well drilled there...but I know there must be a hell of a lot of oil down there, as the production companies have spent a literal fortune leasing up land across CenLa...
fwiw, they are giving nowhere near arse much money as the haynesville shale gas play landowners got per acre, though....
strange thing is, I am not sure I have ever seen an economically viable well drilled there...but I know there must be a hell of a lot of oil down there, as the production companies have spent a literal fortune leasing up land across CenLa...
fwiw, they are giving nowhere near arse much money as the haynesville shale gas play landowners got per acre, though....
Posted on 2/28/14 at 9:24 pm to Champagne
$300/acre from an article I read today.
Royalties???
Royalties???
This post was edited on 2/28/14 at 9:25 pm
Posted on 2/28/14 at 9:32 pm to WylieTiger
Only $300 per, wow! Wasn't Haynesville getting like 20,000 per or something crazy like that
Posted on 2/28/14 at 9:33 pm to Fast_Eddie
quote:
Only $300 per, wow! Wasn't Haynesville getting like 20,000 per or something crazy like that
correct on both figures...
Posted on 2/28/14 at 9:36 pm to Champagne
It is so rich in oil, they decided to name it after the town rich in football tradition and champions... 
Posted on 2/28/14 at 9:38 pm to Fast_Eddie
i saw 30k. but they aren't getting shite from royalties
it's not being drilled due to gas prices
it's not being drilled due to gas prices
Posted on 2/28/14 at 9:45 pm to Champagne
Check the $ board, its years away if ever.
Posted on 2/28/14 at 9:47 pm to Champagne
maybe... a few dry holes and it will be worth nothing
Posted on 2/28/14 at 9:55 pm to zztop1234
Its got gas
Posted on 2/28/14 at 9:56 pm to Marco Esquandolas
quote:
Posted by Marco Esquandolas
It is so rich in oil, they decided to name it after the town rich in football tradition and champions...
That does it. I'm buying a Tesla now!!!!!!
Posted on 2/28/14 at 9:57 pm to zztop1234
quote:
a few dry holes
ISWYDT
Posted on 2/28/14 at 9:58 pm to Champagne
It's hard to drill and very deep (11-14000 and long laterals) but worth it if they figure out hot to get it. The oil is LLS and wells are 94% oil.
Wells are expensive to drill especially when they run into problems. Goodrich has plans, that if they work, will get cost of wells down to around 10 million. Only about 30 wells drilled so far in the past few years with plans of drilling that many if not more this year. 2014 will be the year to find out if it works out.
We have a few acres in the area that I would t mind seeing some money from it.
Wells are expensive to drill especially when they run into problems. Goodrich has plans, that if they work, will get cost of wells down to around 10 million. Only about 30 wells drilled so far in the past few years with plans of drilling that many if not more this year. 2014 will be the year to find out if it works out.
We have a few acres in the area that I would t mind seeing some money from it.
Posted on 2/28/14 at 9:59 pm to Fast_Eddie
quote:
That does it. I'm buying a Tesla now!!!!!!
Posted on 2/28/14 at 10:08 pm to Champagne
Dolla dolla bills y'all!
Posted on 2/28/14 at 10:21 pm to Champagne
I worked on the first Tuscaloosa well in 2011, which was a re-entry of the Goodrich BOE 1H by Encana in Amite County.
Tuscaloosa was supposed to "bust wide open".
This well was originally drilled and left by Goodrich around 1998 IIRC.
After a painstaking completions process by Encana (ungodly amount of frac stages, multiple coil trips, etc), Encana was the first to taste the medecine.
If they could drill without multiple hangups and find a way to frac that was worth the time, it could eventually get profitable.
It holds a mirror image to SWN and the LSBD over the past 2 years.
Tuscaloosa was supposed to "bust wide open".
This well was originally drilled and left by Goodrich around 1998 IIRC.
After a painstaking completions process by Encana (ungodly amount of frac stages, multiple coil trips, etc), Encana was the first to taste the medecine.
If they could drill without multiple hangups and find a way to frac that was worth the time, it could eventually get profitable.
It holds a mirror image to SWN and the LSBD over the past 2 years.
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