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Permalink Reply by Dry Hole on February 25, 2012 at 19:45

 Thanks for posting this dbob,

  Madison Co is getting quite a few of these headline makers these days ------- after last years herd liquidation due to drought most ranches are choosing to restock with these wells instead of livestock LOL

  The county line between Leon and Madison Co is getting holed with H wells on a regular basis and the play keeps marching East one well at a time.

   Think these wells are holding their own with South Texas EFS  ---- reportedly  60 rigs on their way to drill H Woodbine ?

  BTW ---- 4 to 6 of these per - section is the BEST stocking rate if you chose to go this route instead of livestock LoL

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Permalink Reply by Dry Hole on February 26, 2012 at 17:32

dbob,

  My knowledge of Gravity is very light ------ is 39.0 API Gravity a "good" number ?

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Permalink Reply by dbob on February 26, 2012 at 17:39

Its similar to West Texas Intermediate (WTI), and is a light crude - heavier crude is harder to refine, and may sell at a discount relative to WTI.  Much lighter, and you head into condensate territory.

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Permalink Reply by Dry Hole on February 26, 2012 at 17:44

Does Condensate bring a premium?

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Permalink Reply by Dry Hole on February 27, 2012 at 4:44

All,

 Reports coming out of Madison Co. this morning are that several of the newer "BIG WELLS" have 12 to 15 storage tanks on site. This feature tends to tell the "truth" on the "tight holes" that do not have a completion report listed yet.

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Permalink Reply by jffree1 on February 27, 2012 at 13:26

Looking at the production reports, 27,500 bbls might have been a bit understated.  Nov. was 13,564 bbls and Dec. was 24,179 bbls for a total of 37,743 bbls or 803 bbls a day over 47 days (completed Nov. 15).  It will be interesting to see what January looks like.

Attachments:

• 313-30896 Gibbs Bros. PR.docx, 25 KB

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Permalink Reply by dbob on February 27, 2012 at 14:28

Its getting better with age :)

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Permalink Reply by Dry Hole on February 27, 2012 at 15:37

  jffree,

  Why the huge change in gas production from first month to second ------ Wonder if Boscoe would say this had a good GOR lol  

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Permalink Reply by Dion Warr, CPL on February 28, 2012 at 11:32

Dry Hole:

Looks like production was for approximately 1/2 of November and all of December. 

Nov. 2011 - 15 days  13164 bbl.  (Avg. 878 bopd)

Dec. 2011 - 31 days  24179 bbl.  (Avg. 780 bopd)

 

Slight decline; not out of line with expectation.

 

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Permalink Reply by Dry Hole on February 28, 2012 at 12:56

Thanks Dion

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Permalink Reply by Texas54 on February 29, 2012 at 5:43

Amen :)

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