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Started By
Message
re: Goodrich grabs big stake in Tuscaloosa formation
Posted on 7/24/13 at 4:38 pm to BACONisMEATcandy
Posted on 7/24/13 at 4:38 pm to BACONisMEATcandy
quote:
This increases the company's total Tuscaloosa Marine acreage to 320,000 net acres. The shale, which covers part of Louisiana and Mississippi, produces about 750 barrels of oil per day.
If true, that is freaking pathetic.
2
Posted on 7/24/13 at 4:45 pm to lsugradman
The 750 is an daily average in March which is low...here's a little more insight:
quote:
Goodrich’s Crosby well, in Wilkinson County, Miss., produced an average of 1,137 barrels per day during its first 30 days of production. Goodrich’s recently completed Smith well, in Amite County, Miss., had initial daily production of 1,000 barrels of oil and 255,000 cubic feet of natural gas.
By contrast, Devon’s seven Tuscaloosa wells were producing the equivalent of 750 barrels of oil per day in March.
This post was edited on 7/24/13 at 4:56 pm
Posted on 7/24/13 at 9:50 pm to lsugradman
quote:
If true, that is freaking pathetic.
That's from Devon's poorly performing wells. Goodrich's and Encana's wells perform much better.
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