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re: Just bought 40 acres
Posted on 11/1/13 at 2:03 pm to LSUGUMBO
Posted on 11/1/13 at 2:03 pm to LSUGUMBO
quote:
OK- I just looked at the sections surrounding section 17, and there is only one well producing, and it's in Section 20 (to the south). It's producing in the Wilcox formation, and it's an oil well. Looks like it's doing OK- drilled in 2010 to a little past 15000', and it's producing somewhere in the neighborhood of 2000 barrels/month. I don't know much about the Wilcox play, so I don't know if it's in the beginning stages, but it looks like these are probably fairly expensive wells to drill, but 2K barrels/month is a pretty good return, I think. There are a few permits that have expired since this well was drilled, and a few dry holes drilled, but not much activity other than that. CMLSU- 31-6S-4E has no drilling activity in that section or in any surrounding sections.
Thanks for the courtesy check Gumbo...I believe Strand Energy will be drilling "in that area" this month or next.
Posted on 11/1/13 at 2:15 pm to cmlsu
Strand has 2 wells currently permitted- 1 in 33-7S-4E and 2-7S-3E- this one is a couple miles southwest of you.
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