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Message
re: Haynesville Shale
Posted on 5/15/08 at 1:17 pm to Herb
Posted on 5/15/08 at 1:17 pm to Herb
quote:
There was also big news last week about the Tuscalousa Shale, the only oil producing shale in the United States. Encore Acquisitions announced that one of the three wells it has just west of the MS river hit. Shale production is the result of new technology which features horozonal drilling and fracking processes.
I've known about the Tuscaloosa for some time. It is going to be an extremely challenging play for anyone to crack, much less an outfit like Encore. The wells supposedly cost them near 10 million to drill and complete, and with an intitial IP of 150-200 barrels a day these wells will have to get much cheaper before this comes close to being an economical play.
1
Posted on 5/15/08 at 1:18 pm to TigerDog83
And Herb, you might want to check out the Niobrara, Bakken, and Barnett Oil Shales (Barnett Oil leg is EOG's discovery). The TMS is definitely not the only producing oil shale out there.
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