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re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 4/11/14 at 8:50 am to redstick13
Posted on 4/11/14 at 8:50 am to redstick13
Can't you let some of us poor folks have a glimmer of hope?
1
Posted on 4/11/14 at 1:05 pm to FelicianaTigerfan
quote:
Can't you let some of us poor folks have a glimmer of hope?
Sorry FT. I don't mean to be a Debbie Downer. I honestly hope it works out for you guys down there. I have extensive experience with some of the most complex and challenging projects in the world and I'm always skeptical.
IMO your biggest issue is production rates. It needs to go up (that or the price of oil). The technologies available are so numerous I couldn't begin to list them all. From what I know of the TMS it is likely they will require some of the premier services to improve drilling efficiency. You're talking big money for these services and AFEs on land projects are always on the low end.
I'm currently working on an HPHT offshore project proposal and the costs are almost 3x the costs of a conventional well. These type of projects are AFE killers.
This post was edited on 4/11/14 at 1:09 pm
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