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Message
re: Tuscaloosa Marine Shale
Posted on 1/19/12 at 2:56 pm to TigerDog83
Posted on 1/19/12 at 2:56 pm to TigerDog83
Sorry for hi-jacking this tread but it sounds like some of you in the industry might know..
Hilcorp's buy out of BP's producing Tuscaloosa Trend wells.. Is this good news for royalty owners ?
Hilcorp's buy out of BP's producing Tuscaloosa Trend wells.. Is this good news for royalty owners ?
2
Posted on 1/20/12 at 9:27 am to Kajungee
I'm not in the business of drilling, but I've read good things about Hilscorp. They bought BP's interest in Pointe Coupee & West Feliciana. I also read where they sold $3.5 billion of assets in Eagle Ford to Marathon.
Posted on 1/20/12 at 9:45 am to Kajungee
quote:
Hilcorp's buy out of BP's producing Tuscaloosa Trend wells.. Is this good news for royalty owners ?
The deep Tuscaloosa trend sold by BP is heavily drilled and save for a few possible infill wells I doubt there is too much life left in the play. Also, see the recent Henry Hub prices. I doubt many people are going to be pouring money into deep gas wells for sub $2.50 gas. Hilcorp might add some additional infill wells down the road, but I doubt it happens in this price environment especially since the acreage is hbp.
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