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re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540
Posted on 4/12/14 at 10:39 am to redstick13
Posted on 4/12/14 at 10:39 am to redstick13
Not unconventional I'm sure...Can't really compare that to a 1,000 bbl/day unconventional well..they're too entirely different ballgames. It might require drilling 20x more wells but the oil companies are still profiting from unconventional. Except in the tuscaloosa, of course
1
Posted on 4/13/14 at 2:10 am to TheIndulger
quote:
Not unconventional I'm sure...Can't really compare that to a 1,000 bbl/day unconventional well..they're too entirely different ballgames. It might require drilling 20x more wells but the oil companies are still profiting from unconventional. Except in the tuscaloosa, of course
100% correct. I've stated this in posts on here before. Unconventional plays are more like developing a subdivision. You have to lay out a ton of pads and wells to make it profitable. It's also a big reason places like CA and CO want to shut down drilling. I am 100% for shutting down drilling in parts of CO and if you ever pull up a Google Map you'll see why. The state is one of the most beautiful places on the planet and it's awful what the unconventional programs are doing to it.
This post was edited on 4/13/14 at 2:48 am
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