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Started By
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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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Posted on 3/1/14 at 8:55 am to Paige
quote:
Richer than the haynesville I hope
Haynesville is natural gas, TMS is oil.
Posted on 3/1/14 at 8:56 am to Rouge
quote:
I'm probably friends with half the landmen in Lafayette.
my sympathies.
My family in Lafayette is in the business. I know lots of them too. Business is good now.
My wife owns a small % interest in some TMS acreage in Wilkinson County. Drill baby, drill.
This post was edited on 3/1/14 at 8:58 am
Posted on 3/1/14 at 8:59 am to WylieTiger
quote:
Royalties???
The wells have to produce to make royalties and so far that hasn't happened.
Posted on 3/1/14 at 9:02 am to Kim Jong Ir
My issue is the position of contracts and negotiations without, in most cases, any formal legal training
Posted on 3/1/14 at 9:04 am to redstick13
We need something like this in Calcasieu parish, that's where all my land is at. Always shite out of luck.
Posted on 3/1/14 at 9:06 am to TigerDog83
quote:
Lots of formations are named where they outcrop on the surface.
Or where they are first found while drilling like the Haynesville, Cotton Valley or Smackover.
Posted on 3/1/14 at 9:06 am to BOSCEAUX
There is a much more informative thread on the Money Board regarding this.
Posted on 3/1/14 at 9:07 am to Champagne
i proposed to do my thesis on the Tuscaloosa and was told that i couldn't. frick all the politics.
Posted on 3/1/14 at 9:08 am to AutoYes_Clown
quote:
Tuscaloosa is the name of a Native American Chief from the De Soto days. Tuscaloosa translates to English as "Black Warrior".
Which translates to Nick Sabans football team.
Posted on 3/1/14 at 9:09 am to TigerHam85
quote:
i proposed to do my thesis on the Tuscaloosa and was told that i couldn't. frick all the politics
That sucks, what is the Plan B?
Posted on 3/1/14 at 9:17 am to LSUFanNTX
haven't gotten that far yet. i have a few months to figure it out. I was looking forward to working on the tuscaloosa because i grew up in CenLa, so i know a lot of the area i would have been working with.
Posted on 3/1/14 at 9:25 am to BOSCEAUX
quote:
We need something like this in Calcasieu parish, that's where all my land is at. Always shite out of luck.
Mine as well. You could start buying cheap property in Wyoming.
quote:
The Green River Formation contains the largest oil shale deposits in the world. It has been estimated that the oil shale reserves could be equal up to 3 trillion barrels (480 billion cubic metres) of shale oil, up to half of which may be recoverable by shale oil extraction technologies ("cooking" kerogen)
Posted on 3/1/14 at 10:11 am to LSUFanNTX
That's correct also. I was trying to keep it simple. Plus some formations are different in different states like hosston in louisiana and Travis peak in texas. Haynesville is a little different in that the formation near Haynesville is sand. The shale play itself is probably lower Bossier but mclendon wanted a new name to distinguish it as a Chesapeake discovery.
This post was edited on 3/1/14 at 10:14 am
Posted on 3/1/14 at 10:28 am to Rouge
quote:
My issue is the position of contracts and negotiations without, in most cases, any formal legal training
So what's your solution?
Posted on 3/1/14 at 10:46 am to shinerfan
quote:
More than you know. Big ole' checks can make it all worthwhile but quality of life in those little towns is gonna take a big hit. Equipment running all night, roads full of big trucks and more than a few brand new truck drivers, out of town workers with pockets full of money and dope, and that doesn't even touch on the whether the fracking really contaminates ground water and fisheries. I've spent most of my life as one of those travelling workers and I understand perfectly why the locals didn't care for me and my merry band of fools. Jobs and prosperity can come at a heavy price. Even without a lease you can get rich though. Truckstops and liquor stores and bail bondsmen will make a killing.
interesting perspective...few people consider the negatives when they think of this kind of thing...
Posted on 3/1/14 at 12:14 pm to Spankum
quote:
interesting perspective...few people consider the negatives when they think of this kind of thing...
I'm in the business and can tell you I wouldn't want it on my doorstep.
Posted on 3/1/14 at 1:33 pm to Champagne
Here ya go, good study on it
Tuscaloosa Shale LSU study
Tuscaloosa Shale LSU study
Posted on 3/1/14 at 2:16 pm to yellowfin
quote:
Didn't Devon just sell everything they had in the area?
They may have. A friend works for them and was telling me about it a while back so you could be right.
Posted on 3/2/14 at 9:17 am to Bojangles
Thanks for all of the info.
I find this stuff fascinating, but, then, I'm one of the few people who find Geology interesting.
I find this stuff fascinating, but, then, I'm one of the few people who find Geology interesting.
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