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re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 3/1/14 at 8:02 am to CompanyMan
Posted on 3/1/14 at 8:02 am to CompanyMan
From what little I can tell, and I know next to nothing regarding the oil business, and can only go by what research I can do this play is very young and there are still lots of questions to be answered. The only way to answer those questions is to keep drilling. The cost for the oil companies to lease in the MS/LA areas has been very low as compared to some of the the other shale areas and that is an advantage that could pay off big time in the future for them.
One of the big unknowns at this time is the actual decline curves of the wells. The Crosby well has shown a very decent one as have some of the others, even though they had lateral and other mechanical problems. It appears that there were similar situations like these in the EFS and some other areas as well, so who knows maybe they can work the issues out.
What is apparently certain is that the oil is there and in big quantities. Hopefully with more companies drilling the "code" will get cracked.
One of the big unknowns at this time is the actual decline curves of the wells. The Crosby well has shown a very decent one as have some of the others, even though they had lateral and other mechanical problems. It appears that there were similar situations like these in the EFS and some other areas as well, so who knows maybe they can work the issues out.
What is apparently certain is that the oil is there and in big quantities. Hopefully with more companies drilling the "code" will get cracked.
2
Posted on 3/1/14 at 8:49 am to RGV AG
What about Catahoula and Concordia Parishs? I've seen most maps that have these on the northern end. Just curious as to their chances?
Posted on 3/1/14 at 9:16 am to RGV AG
quote:
What is apparently certain is that the oil is there and in big quantities. Hopefully with more companies drilling the "code" will get cracked.
The oil is in the green river formation also. That doesn't mean it is a viable play.
quote:
The Green River Formation contains the largest oil shale deposits in the world. It has been estimated that the oil shale reserves could be equal up to 3 trillion barrels (480 billion cubic metres) of shale oil, up to half of which may be recoverable by shale oil extraction technologies ("cooking" kerogen)
This post was edited on 3/1/14 at 9:23 am
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