Forget about oil price declines the real threat to EF is NG liquids prices. Many of these great wells that people taut actually have a very high liquid production percentage. U.S. producers have…Continue
Goodrich just reported a well in the TMS "aka LA Eagle Ford", with an IP of 975 Bopd, 425 Mcf/d. If I am calculating it correctly the GOR is 436 for this well. From what I have read on this forum…Continue
Started this discussion. Last reply by Mark May 23, 2012.
I was looking at today's US drought monitor and it looks like much of the Eagle Ford area in the last year has move from the Exceptional drought catagory to the Moderate drought/abnormally dry…Continue
Started this discussion. Last reply by Mark May 17, 2012.
"In the TMS Goodrich seemed to indicate that the quartz was the "good" rock to land the lateral, is it the same in the EF? Which rock is easier to frac and which hold more oil. Also does different rock % help quantify the sweet…"
"Also some people my find the TMS type curves on pages 16-21 interesting because they show actual production over a relative short time period. It shows how new wells can have shut-in periods, some of the wells lot like a heart rhythm with…"
"As I see it the company is doing the landowner a favor. If the landowner doesn't want to pay for transportation they should just get the wellhead price which would be $20/bbl less. The operator is under no obligation to ship the oil…"
"Get an O&G attorney!!!!
In another post you state you have 100 acres in La Salle and assuming it is in the oil window you are now a multimillionaire!!!! On a sister site GoHaynesvilleshale.com you will fnd many post about how…"
"They could use some of the cash to buy the below assest.
Scotia Waterous (USA) Inc. has been retained as the exclusive advisor by Devon to advise and assist in the sale of Devon’s Tuscaloosa Marine Shale (“TMS”) assets in…"
"We will not be exporting oil for decades and even then it is all dependant on the US making cuts to our oil consumption, with the federal government controlling energy use. Read the below paragraphs from the story.
Also, he noted, the…"
"I am not sure how much actually cost savings are left in absolute price,but I think it will be like TVs & PCs where the price floor is $400, but each year that price buys a bigger/faster TV/PC. So the $7-$7.5m well cost that Mark…"
"But remember you lease is a commodity and can be bought and sold without any input from you. The group you lease to may not be the operator of your well when it is drilled 3 years from now. Marathon has sold 100,000 acres in the EF,…"
"On page 17 Goodrich has an internally generated 5 year decline curve. A word of caution they only have 2 years worth of production data, so the later years declines are just estimates. Also on the last earning call management suggest…"
"Even fairly rich oil in the Eagleford will have at least 10% NG in the production mix and that gas can be high H2S. To get the oil you need to do something with the NG and long term flaring is not an option."
"The below story talks about how useless your lease can be. Landowners had no cost clauses in their leases and Chesapeake decided they didn't apply and many judges across the country have agreed with Chesapeake. The integrity of your…"
"I don't know about the legal stuff, but Goodrich tried to drill the top of the buda and frac up into the Eagle Ford and it didn't work very well. From what Goodrich has said the Buda is just too variable to give it a priority over…"
"With fracking equaling 60-75% of the total well cost, I don't think you will see much refracking, but narrower well spacing. With most companies having decades of drilling locations there is no rush to refrac. But as Gary said…"
"ConoccoPhillips (COP) doesn't have financial issues. It spun off its refining and marketing arm into a seperate company call Phillips 66. If anything this spin off leave COP more focus on developing oil & gas assets and alot of…"
"Two factors may be the key issues on determining well spacing - brittleness (related to total clay content) and the presence of natural fractures.
The more brittle the rock, the farther the fracs may propogate out away from the…"