re: oil stocks...which one would you buy for the long term and why

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Tight cap rock for sure, but I wouldn't say no porosity. Everyone is gearing up to stick the chalk in central LA. Pump 500k of 100 mesh down there to prop those natural fractures open, end it with a linear gel sweep and you'll see all the porosity you need.

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Boudini, you engineer for one of service co. out here in TX. Pretty specific for MT if you don't.

But na your right about that chalk. Tight cap rock and everybody is turning lateral around 100 ft under it, tight cap rock keeps the water out. Just have to watch those larger faults. Before I was out here as an engineer, I was monitoring a well being drilled as a geo consultant. The companies fault map was off (it was in time, not depth) and on stage 39 of 40 they fracked into a fault and flooded the well. Never produced a drop of oil.

My company was fixing to have a crew go to Alexandria on a crawfish pond to frack a chalk well. Something happen to the contract and we aren't going anymore, but talk about a logistical/environmental nightmare. Think it was an FR/100 mesh job. I don't think I would have even recommended biocide.

I would like to see someone experiment with a small (1-mile) horizontal, with decent cluster spacing, linear/x-link job, with high pressure/rate to try and get long length fractures connecting the natural fracs and prop that shite open with some 40/70 maybe 30/50.

Anybody own PEO? I've watched it a long time. Discount is 15.93% as of Friday.