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re: Mississippi, Louisiana border verging on an oil boom
Posted on 4/21/14 at 4:59 pm to TigersOfGeauxld
Posted on 4/21/14 at 4:59 pm to TigersOfGeauxld
This is old news. Nobody wants to take the big plunge and dump a bunch of money into the area yet. I believe that maybe 1 well is doing OKAY out of all of them. The rest are subpar. I read up about it a year or two ago. Nothing like Haynesville
2
Posted on 4/21/14 at 5:04 pm to Hammertime
quote:
Nothing like Haynesville
You're right in a lot of ways. Mainly that Haynesville is a gas play an these wells in the TMS are 93%+/- LLS oil.
Posted on 4/21/14 at 8:06 pm to Hammertime
I hear a second just started producing at around 1200 a day, but cost of wells are high around 15 million so this is going to make it slow expanding. I don't know a lot about this so it's just what I was told. I have 300 acres in west felicina parish so hope it comes in
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