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re: Tuscaloosa Marine Shale
Posted on 5/20/12 at 10:31 pm to gonads&strife
Posted on 5/20/12 at 10:31 pm to gonads&strife
The oil out of these wells will get a ~$20 premium over the WTI price, so that should help out the well with making economic sense.
Posted on 6/23/12 at 10:59 pm to Beerinthepocket
quote:
The oil out of these wells will get a ~$20 premium over the WTI price, so that should help out the well with making economic sense.
This is off a bit. I'd have to look at prompt LLS at the time of posting, but today it's $15-16 over WTI with a "tropical" premium thrown in there as of Friday. Probably looking at +$8.00 at best after transportation and margins thrown in there.
June LLS spread was ~$14, so not sure where the $20 is coming from. At the lease that translates to much lower.
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