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Message
re: Gulf Coast Ultra Deep Royalty Trust......Buy?
Posted on 2/12/14 at 3:42 pm to cwill
Posted on 2/12/14 at 3:42 pm to cwill
quote:
Show me an ultra-deep well that has worked or one that hasn't had outrageous costs.
A huge chunk of GoM production now comes from UDW drilling. Granted a lot of it is the super majors.
2
Posted on 2/12/14 at 4:02 pm to barry
UDW does not equal Ultra Deep Gas. The Ultra Deep Gas plays are much different than the pre-salt/tertiary plays in Ultra Deepwater.
I'd honestly avoid Ultra Deep Gas. I personally think those plays are too tight to flow anything economically.
I'd honestly avoid Ultra Deep Gas. I personally think those plays are too tight to flow anything economically.
Posted on 2/12/14 at 5:43 pm to barry
As provided below - two different things. Ultra Deep in my view was about to sink MMR so Jim Bob orchestrated the purchase of it with Freeport which he runs and also put some change in his buddy Flores' pocket while he was at it.
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