Can someone shed some light on the estimated ultimate recovery (EUR), of the wells in the TMS, specifically Amite County, MS. Encana reports EUR's in the 500 - 750,000 boe range. I have read that it is estimated that the TMS will contain 750,000 - 1,000,000 boe per square mile, which is 640 acres. I do not know if this estimate is oil in place or recoverable oil. Maybe some can elaborate. Currently TMS units are around 1280 acres in size, 2 square miles. This would mean that one unit could produce 1.5 - 2,000,000 boe before drained. If operators end up drilling multiple wells per unit, i.e., 8 or more wells per unit, then each well cannot produce 500,000 or more boe because the unit will not contain that much oil. I assume this means that each well will have a smaller EUR with each additional well drilled in that unit, but that the unit will be drained much faster. Is this correct?
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