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re: Tuscaloosa Marine Shale
Posted on 2/8/12 at 4:51 am to gonads&strife
Posted on 2/8/12 at 4:51 am to gonads&strife
quote:I think when you can count the number of wells on one hand, that's a very encouraging sign. Sort of like finding a small nugget of gold... do you stop there?
800bopd is not a good ip when you take well costs, leasing costs and the likely decline curve into account.
1
Posted on 2/8/12 at 8:15 am to tigerpawl
quote:
I think when you can count the number of wells on one hand, that's a very encouraging sign. Sort of like finding a small nugget of gold... do you stop there?
These wells are expensive and will require a lot of oil to be produced to reach payout. Without knowing exact costs from operators you're looking at potentially 140,000 barrels or more to reach payout, and that's assuming oil prices don't fall a bit. We're going to have to see some big numbers posted for production on some of these wells to see if they can become profitable.
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