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re: Tuscaloosa Marine Shale
Posted on 10/25/11 at 10:24 pm to tigerpawl
Posted on 10/25/11 at 10:24 pm to tigerpawl
Looks like Anadarko is halting leases in Avoyelles Parish. Is this happening elsewhere?
Rumor 1 is the wells weren't developing like they wanted.
Rumor 2 is they have blown through their budget and are waiting to close out the year before they lease again.
Thoughts?
edited: This is Austin Chalk not TMS
Rumor 1 is the wells weren't developing like they wanted.
Rumor 2 is they have blown through their budget and are waiting to close out the year before they lease again.
Thoughts?
edited: This is Austin Chalk not TMS
This post was edited on 10/25/11 at 10:25 pm
1
Posted on 11/15/11 at 1:17 pm to Pierre
Another nice well being reported by Anadarko in Point Coupee. Estimated Potential: 3,000 BOPD LINK The well is targeting the Austin Chalk formation which sits above the TMS.
I think you'll see a significant uptick in activity (drilling, leasing, and a rise in per acre lease rates) in early 2012 after Oil Company budgets are "refreshed".
I think you'll see a significant uptick in activity (drilling, leasing, and a rise in per acre lease rates) in early 2012 after Oil Company budgets are "refreshed".
This post was edited on 11/15/11 at 1:22 pm
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