Nabors Drilling #X17 reported Spud Date 8/25, 5 days Drilling Ahead @ 797', 8/29.

Link to SONRIS Well File:  http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

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Skip sorry I have bothered you.

No bother and no apology necessary Judy.

Skip, is there a website I can go to that will tell me more about the fracking on this well and production results when it happens.  Many thanks, Judy 
Smith

No.  Goodrich (GDP) does not report to the state until after they have made an announcement in a corporate presentation or news release.  When they are ready they will make the status or results known.

Latest word is This well will be finished Fracturing in the next day or two.....And then on to the Williams site next....

 

Thank you Skip and Kevin.  If either one of you get word on how this well is producing, please let me know.  Many thanks, Judy Smith

If it comes in at 1200 to 1500 BOE  We will hear that News form a lot of places ..I m anxious to find out too....Hoping it is a Big one....

 

The TMS wells are likely not economic in that range IP.  That equates to a 600,000 to 800,000 barrel EUR.  They need to be closer to 1,000,000 BO.  And at current crude prices that might be marginal.

Of course predicting oil prices for the life of the well, next 10-20 years, is not easy, it would be like predicting the weather or stock market for the next 10-20 years.

The question for Goodrich in the TMS is how much current pain can they stand for future gain, if you believe that oil prices won't stay below $80 for more than a year or two.

TMS exploration wells aren't economic at $90/barrel.  Before the price of crude over the next 10-20 years comes into play GDP has to get through the next 12 months.  Other TMS operators have options, GDP doesn't.

ok just one question.  Does this mean the landowners for this site, will not get royalites?

Just one?  Mineral lessors in the unit will receive royalty payments on production whether or not the well operator every makes a nickel in profit.  You do however want the operator to make a profit sufficient to induce them to drill more wells.  TMS units are set up for multiple horizontal wells.  If the economics are not good enough to drill additional wells the operator, or a successor, can hold the leases in force as long as the original unit well produces without drilling more wells.

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