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re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 3/25/14 at 6:33 pm to PetreauxCat
Posted on 3/25/14 at 6:33 pm to PetreauxCat
How does that well compare to the rest though?
The TMS doesn't have to be as good as the Bakken. Just good enough to profitable.
Eta: sure wish I had that Bakken well on my property
The TMS doesn't have to be as good as the Bakken. Just good enough to profitable.
Eta: sure wish I had that Bakken well on my property
This post was edited on 3/25/14 at 6:34 pm
2
Posted on 3/25/14 at 7:14 pm to FelicianaTigerfan
quote:
How does that well compare to the rest though?
It's in the upper upper tier
The average Bakken well is probably 500M EUR if I had to guess, but the average cost is $8-$10MM.
Posted on 3/26/14 at 5:56 am to FelicianaTigerfan
quote:
The TMS doesn't have to be as good as the Bakken. Just good enough to profitable.
But they aren't profitable. The other thing with the Bakken is it's a no miss proposition. You are going to hit on every well, it's just a matter of how much.
TMS has a higher failure rate than success at the moment.
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