- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 3/26/14 at 9:09 am to FelicianaTigerfan
Posted on 3/26/14 at 9:09 am to FelicianaTigerfan
quote:You are correct, that is what we are all seeing. Hopefully with more wells and a more money it can be figured out.
TMS has a higher failure rate than success at the moment.
quote:
But they aren't profitable.
As a cumulative group I believe you are dead on, but from what I have read and can extrapolate 3-4 of the wells are on their way to being profitable, I just wonder if they will get to be profitable quickly enough. That is roughly 15-20% of the wells drilled thus far, and obviously that will not cut it for an area or play. Thus far these are not Bakken type wells, as is pointed out.
There have been some fairly forward and positive statements released in conference calls and in earnings calls. None guaranteeing assured positive results. But lots of optimism nonetheless. And the previous has been done by not one or two, but now by about four decent, or at least decently perceived, companies.
While the tone to investors has been of guarded optimism, it has been an optimistic tone. That leads me to believe that those running these companies believe they have some decent odds , and maybe they are wrong, that they can make the TMS commercially viable.
I hope it does because it would be a very good thing for that area of LA/MS.
Posted on 3/26/14 at 9:17 am to RGV AG
From what I know in the Bakken it seems like the best acreage is held by the early movers like EOG, Continental, and Marathon. A business acquaintance held some interests in the Bakken and he told me he recently sold his interests because the wells are returning lower margins now that the play is maturing. Where the initial wells provided a nice return he indicated that the last wells which were under Conoco Phillips were too marginal for a private company to hold.
Popular
Back to top
Follow TigerDroppings for LSU Football News