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re: Tell me about the Tuscaloosa Marine Shale deposit in Louisiana.
Posted on 3/1/14 at 8:51 am to Champagne
Posted on 3/1/14 at 8:51 am to Champagne
It's been a bust so far and there are no indications that will change. There are too many technical challenges to overcome that result in outrageously high drilling and completion costs. Production rates are in the 300 bbls/day range and they need to be over 1000 bbls/day to be profitable.
The Bakken, Niobrara, and Eagle Ford are much better plays. All the companies except one have pulled out the Tuscaloosa play and the one remaining is expected to go belly up there.
They may be profitable 30 years from now but a lot would need to change for that to happen.
The Bakken, Niobrara, and Eagle Ford are much better plays. All the companies except one have pulled out the Tuscaloosa play and the one remaining is expected to go belly up there.
They may be profitable 30 years from now but a lot would need to change for that to happen.
This post was edited on 3/1/14 at 10:01 am
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