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re: Tuscaloosa Marine Shale
Posted on 1/17/12 at 8:59 pm to tigerpawl
Posted on 1/17/12 at 8:59 pm to tigerpawl
The formation is certainly there. The challenges are rig availability and drill pipe availability. The steelmills are running at max capacity and still have a 6-9 month backlog. Most of the drill pipe and rigs are in North Dakota & Pennsylvania. Also the industry is in the "Great Crewchange"- 30-40% of the workforce, I can't see it taking off like the stuff in Shreveport, Dallas, ND, or Pennsylvania. Ohio's Utica is next in line.
1
Posted on 1/17/12 at 9:06 pm to TchoupitoulasTiger
We have a ton of clients that are effectively suppliers to the NOV's, Halliburton's, and Schlumberger's of the world. Probably worked on 5 or 6 of them in the last 2 months, every single one is blowing up and desperately trying to add capacity as quickly as possible (although many without levering).
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