I heard yesterday seismic ongoing looking at 21k feet with very good oil prospect. Contrary to what has been thought of in past. Leases being reviewed for depth clauses before word gets out. Could be much bigger than Haynesville play and go farther north and west. Very hush hush.
tater, this is an old rumor and seems to be a favorite of the seismic crews. The likelihood of oil at those depths in the area of the Haynesville and Boosier Plays is next to zero. Too deep, too hot, too over presssured for oil but it obviously makes a really good rumor. LOL!
Tater, there have been several deep wells drilled in the area and one that comes to mind is the Hope estate well in Cotton Valley, spudded in 1973 and drilled to a depth greater than 20,000 feet, serial no. 142336, sec. 24, T21N, R10W. You might ask Jay to pull the log on it and give you his opinion, although it is an old one. Hope this helps.
I know of no production from below the salt in this area. There was a study by Dr. Goddard and Dr. Mancini that stated there may be hydrocarbons in the Eagle Mills red beds, but to my knowledge, nothing has been published to the public to substantiate more than that.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More