Saw that last night. Our scout report from the field has confirmed significant flow rates for the past 2 weeks. This is in line with expectations with the offset wells. But the offset wells ran out of flowrate once the "natural" fractures were depleted. Theory being, the modern frac will create new fractures and unlock oil and gas that could not reach the wellbore on their own. Time will tell, but so far so good for this part of the LA AC. It is my opinion that you need this type of GOR to create the EUR's necessary for economic wells.
Jay, you are spot on with your last email.
Thanks Diamond Jim & Jay! Sounds like some good news. Sounds as if the new technology is working better than old in the mid-90's. Also some of the wells that are more to west & north west, across HWY 165 had good or better numbers before & seem to produce longer. Now some of them were reworked it looks like. Now to see how 252119 does in the same area and how 251932 does in Sugartown/Vernon area, seeing how they are sharing the same rig. Also where they permit next. Question, is it normal for them to drill on what seems to be the very edge of the Masters Creek & West Cheneyville Fields? Either way great news for the area & Marathon.
Jim, Is this presentation on there website, I could not pull up the link? Not sure why.
Yes, on Marathon's website under the Investor section - 4Q Earnings presentation