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Watching EOG's actions is interesting but I am not sure about following their path. We have to remember that it is still possible that they are drilling where they are drilling in the TMS because they didn't get in early enough to lease large acreage positions in the best areas, theoretically. I would not hang my hat on EOG's actions, even if they did pick some of the sweet spots in the Eagle Ford. Oil has to be where you drill, it's not all technique. Goodrich and Encana may be the ones to watch in the TMS.
DR,
I read Kirk's Blog. I think you are seeing the total depth including the lateral section to 15,192 10,000+/- vertical and 5,000 +/- lateral. So I think it is a Chalk well with a lateral. It looks like Kirk thinks the well site is too far North of the shelf. While I agree that it is far from what I would consider the best location for Chalk production he may or may not be correct. My understanding is: There is an anticline in that area and that is what they are looking at. If that feature has created an uplift with faulting and natural fractures then it could be a very good location. Only time and drilling will tell.
DR,
To explain a little more. There are several things that can make Chalk very productive. The first is a drop off over the shelf that we see running across the State. The second is a syncline. That is a feature where the formations fall into a very faulted area that creates natural fractures and allows the accumulation of oil and gas. The third is an anticline. Its a geologic feature that causes the formation to rise and as it is pushed up the formations naturally fracture. This I think is what they are looking at. Hope this helps. Again only time will tell whether that feature will produce.
Any updates on this well from those watching? I know they paused then went horizontal, so that seemed hopeful.
I heard from someone over there that they were completing this well last week - any other news?
Anything new on this Jay? I haven't heard of different complications with the first 2 wells, but you have seemed to know the status better.
is this area dead now ? I have a 2 year extension coming on my lease and wonder if they will pay it;
scary how fast it goes from boom to bust !
MS Onshore drilled 2 dry holes and allowed 2 other well permits to expire. As far as what is available in the database it appears to be a bust.
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