I've heard that someone is working Tangi but I don't know who.
Thanks, Joe. As an owner of property in NE Tangi, I have recieved several inquires and have had several lease offer discussions over the last 10 months. Just wondering why I have seen the list of parishes/ counties skip over Tangi on occasion, jumping eastward over to Washington Parish, which makes very little sense to me from a geological or business standpoint.
And again, thanks for sharing your in depth experience and knowledge on this site.
The Devon Lane well is a true test well. Its only purpose is to get information about the formation and the best way to frack it in this area. I have one good source that says that the vertical well maybe plugged and abandoned when they start the Horz. well from that pad. Once they drill the Beech Grove well then they will move the rig back to the Lane location and drill the lateral from a new well bore. That is on "good" authority.
Yes, you are correct that these wells will say a lot about the area and possible production. I think the industry is watching these wells as closely as we are. I just think you guys are getting ahead of the curve in some of the information you are guessing about.
I think that is what the Lane well is all about. My information says it is a "true test" well. From that I mean that they are trying to figure out what works best in this formation and this area as far as fracturing is concerned. Its not the same trying to produce oil through a shale formation as opposed to gas from shale - like in the HA. I think they have a lot of information available from the oil wells in the Eagle Ford and hopefully some of that Knowledge will help in this area. With as many wells being permitted and beginning to drill I think we'll have a pretty good idea what the production characteristics are by early next year.
No, You are not correct in stating that the TMS is like putty. Where did you get that idea? I have cuttings from a well in the area and the TMS is a very solid shale formation that should be very frackable.
The only "fracing problem" that the TMS has ever had is the lack of proper stimulation performed by previous operators. The largest frac to date is ~800k #'s of proppant performed in 4 frac stages by Encore. In todays environment, this is considered a busch league attempt at completing a modern horizontal wellbore.
Shale plays are all about induced permeability via hydraulic fracturing. The more proppant, the more permeability, the more hydrocarbon is produced; it's that simple. The past 5 years of shale playing has perfected the technique of placing very large amounts of proppant (400K #'s/stage) in multiple frac stages (15-20) along the workable lateral. This results in wells that are stimulated with 5-10 million #'s of sand; a far cry from 800K #'s.
With that being said, not all shales are created equal. More carbonate rich shales (more brittle) require much less induced permeability while clay rich shales (more ductile) require more induced perm to be profitable. Shale plays like all oil and gas plays come down to profitability and the more frac sand pumped requires increased capital.
Although the jury is still out on the profitability of the TMS, it doesn't have a fracing problem it has a lack of fracing problem which is on the way to being resolved by Encana and Devon. These guys are some of the industry's best and will spend the amount of capital necessary to make this a world class play.