Marathon Suspends LA AC Activity Immediately - GoHaynesvilleShale.com2024-03-28T13:53:18Zhttps://gohaynesvilleshale.com/forum/topics/marathon-suspends-la-ac-activity-immediately?commentId=2117179%3AComment%3A3893665&feed=yes&xn_auth=noPersonally, I don't see any p…tag:gohaynesvilleshale.com,2020-03-15:2117179:Comment:38940882020-03-15T02:16:20.588ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Personally, I don't see any part of the aerial surveying as a help to support re-entering the play. But it and possible 3D will be beneficial to operators if the decision is made to resurrect the play IF commodity prices drastically change.</p>
<p>The 3D and other surveys are tools to help drill the best laterals - not a tool to support changing economic risk factors based on low prices.</p>
<p>Personally, I don't see any part of the aerial surveying as a help to support re-entering the play. But it and possible 3D will be beneficial to operators if the decision is made to resurrect the play IF commodity prices drastically change.</p>
<p>The 3D and other surveys are tools to help drill the best laterals - not a tool to support changing economic risk factors based on low prices.</p> Maybe this will give them som…tag:gohaynesvilleshale.com,2020-03-15:2117179:Comment:38940052020-03-15T02:12:50.916ZDavid Crocketthttps://gohaynesvilleshale.com/profile/LindaBodie
<p>Maybe this will give them some information to re-enter this play at some point in the future. </p>
<p>Maybe this will give them some information to re-enter this play at some point in the future. </p> Good to hear that aerial effo…tag:gohaynesvilleshale.com,2020-03-15:2117179:Comment:38939332020-03-15T01:44:59.144ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Good to hear that aerial effort may still be ongoing. It may be worth the effort for contractor to at least complete 100% of this aerial effort - it is by way the least costly part of any data acquisition effort.</p>
<p>Good to hear that aerial effort may still be ongoing. It may be worth the effort for contractor to at least complete 100% of this aerial effort - it is by way the least costly part of any data acquisition effort.</p> Helicopter crews still workin…tag:gohaynesvilleshale.com,2020-03-15:2117179:Comment:38940832020-03-15T01:23:18.366ZCenturyManhttps://gohaynesvilleshale.com/profile/CenturyMan
<p>Helicopter crews still working today. Far Northeast Evangeline Parish (Lonepine community area).</p>
<p>Helicopter crews still working today. Far Northeast Evangeline Parish (Lonepine community area).</p> As I see today the SAExplorat…tag:gohaynesvilleshale.com,2020-03-14:2117179:Comment:38940752020-03-14T22:28:17.372ZLisa Melder-Johnsonhttps://gohaynesvilleshale.com/profile/LisaPoche
<p>As I see today the SAExploration office in Oakdale, LA is completely shutdown and they were the ones who held the permit for 3D MRO survey wit state of Louisiana. Don't look good.</p>
<p>As I see today the SAExploration office in Oakdale, LA is completely shutdown and they were the ones who held the permit for 3D MRO survey wit state of Louisiana. Don't look good.</p> Good job Skip.
Bottom line is…tag:gohaynesvilleshale.com,2020-03-13:2117179:Comment:38936222020-03-13T03:25:52.939ZRock Manhttps://gohaynesvilleshale.com/profile/MarkP
<p>Good job Skip.</p>
<p>Bottom line is that this wellbore has been safely and properly abandoned with plugs set at variable positions in the wellbore. It is temporarily abandoned and can be re-entered and have the plugs drilled out.</p>
<p>Note the comment "N/D BOP and Leave WH in place" - a permanently P&A'd well would not leave a wellhead but would instead weld a plate on top of the conductor. This can always be done later if decision is made to permanently abandon the wellbore.</p>
<p>Good job Skip.</p>
<p>Bottom line is that this wellbore has been safely and properly abandoned with plugs set at variable positions in the wellbore. It is temporarily abandoned and can be re-entered and have the plugs drilled out.</p>
<p>Note the comment "N/D BOP and Leave WH in place" - a permanently P&A'd well would not leave a wellhead but would instead weld a plate on top of the conductor. This can always be done later if decision is made to permanently abandon the wellbore.</p> I'll give it a shot. I'm sur…tag:gohaynesvilleshale.com,2020-03-13:2117179:Comment:38936172020-03-13T02:56:14.955ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>I'll give it a shot. I'm sure some of our experts will correct me where I am wrong. TA = temporary abandon. EZSV, had to look it up, see link below. SQZ = squeeze (The careful application of pump pressure to force a treatment fluid or <a href="https://www.glossary.oilfield.slb.com/Terms/s/slurry.aspx">slurry</a> into a planned treatment zone. In most cases, a squeeze treatment will be performed at downhole…</p>
<p>I'll give it a shot. I'm sure some of our experts will correct me where I am wrong. TA = temporary abandon. EZSV, had to look it up, see link below. SQZ = squeeze (The careful application of pump pressure to force a treatment fluid or <a href="https://www.glossary.oilfield.slb.com/Terms/s/slurry.aspx">slurry</a> into a planned treatment zone. In most cases, a squeeze treatment will be performed at downhole <a href="https://www.glossary.oilfield.slb.com/Terms/i/injection_pressure.aspx">injection pressure</a> below that of the <a href="https://www.glossary.oilfield.slb.com/Terms/f/formation.aspx">formation</a> fracture pressure. In high-pressure squeeze operations, performed above the formation fracture pressure, the response of the formation and the injection of treatment fluid may be difficult to predict.) BLW = below. BBLS = barrels. BP = Bridge plug. CMT = cement. N/D = nipple down. BOP - Blow out preventer. WH = well head.</p>
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<p><a href="https://www.halliburton.com/en-US/ps/service-tools/drillable-tools/packers/ez-drill-svb-squeeze-packer.html" target="_blank">https://www.halliburton.com/en-US/ps/service-tools/drillable-tools/packers/ez-drill-svb-squeeze-packer.html</a></p>
<p></p> NEW POSTING ON SONRIS at bott…tag:gohaynesvilleshale.com,2020-03-13:2117179:Comment:38937072020-03-13T02:46:59.214ZLisa Melder-Johnsonhttps://gohaynesvilleshale.com/profile/LisaPoche
<p>NEW POSTING ON SONRIS at bottom on 252119. Anyone who can read between the line?…</p>
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<p>NEW POSTING ON SONRIS at bottom on 252119. Anyone who can read between the line?</p>
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<p><span style="display: inline !important; float: none; background-color: #eff5f8; color: #000000; font-family: 'Trebuchet MS',Arial,Helvetica,sans-serif; font-size: 13px; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">TA WELL. SET EZSV @ 14,242'. SQZ 86.4 BBLS BLW EZSV & LEAVE 3.6 BBLS ON TOP. SET BP @ 5300' & LEAVE 200' CMT ON TOP. SET BP @ 500' & SET 100' CMT ON TOP. N/D BOP & LEAVE WH IN PLACE.</span></p> Exclusive: Marathon Petroleum…tag:gohaynesvilleshale.com,2020-03-12:2117179:Comment:38935682020-03-12T14:10:27.374ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p><strong>Exclusive: Marathon Petroleum explores $15 billion MPLX asset sale - sources</strong></p>
<p><a href="https://www.reuters.com/journalists/david-french">David French</a> reuters.com</p>
<p>HOUSTON (Reuters) - Marathon Petroleum Co, the largest U.S. independent refiner, is exploring the sale of assets of its pipeline subsidiary MPLX LP worth as much as $15 billion, people familiar with the matter said on Wednesday.</p>
<p><strong>Exclusive: Marathon Petroleum explores $15 billion MPLX asset sale - sources</strong></p>
<p><a href="https://www.reuters.com/journalists/david-french">David French</a> reuters.com</p>
<p>HOUSTON (Reuters) - Marathon Petroleum Co, the largest U.S. independent refiner, is exploring the sale of assets of its pipeline subsidiary MPLX LP worth as much as $15 billion, people familiar with the matter said on Wednesday.</p> Excerpt, Houston Chronicle.
E…tag:gohaynesvilleshale.com,2020-03-12:2117179:Comment:38934112020-03-12T02:52:20.573ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Excerpt, Houston Chronicle.</p>
<p>Energy companies swiftly slashed spending and dividends after oil prices on Monday suffered their biggest one-day decline in 30 years.</p>
<p>Two Houston firms, Occidental Petroleum and <b>Marathon Oil</b>, each cut nearly a third of their planned capital spending, cutting about $1.7 billion and $500 million respectively from the Houston companies’ budgets used to fund oil exploration and production. West Texas producers Diamondback Energy and Parsley…</p>
<p>Excerpt, Houston Chronicle.</p>
<p>Energy companies swiftly slashed spending and dividends after oil prices on Monday suffered their biggest one-day decline in 30 years.</p>
<p>Two Houston firms, Occidental Petroleum and <b>Marathon Oil</b>, each cut nearly a third of their planned capital spending, cutting about $1.7 billion and $500 million respectively from the Houston companies’ budgets used to fund oil exploration and production. West Texas producers Diamondback Energy and Parsley Energy also plan to <a href="https://www.houstonchronicle.com/business/energy/article/Oil-War-Some-Permian-Basin-operators-already-15118810.php">idle oil rigs and lay off fracking crews</a>.</p>
<p>“We're taking swift and decisive action to defend our cash flow generation, protect our balance sheet and fund our dividend,” Marathon Oil CEO Lee Tillman said in a statement.</p>
<p>The cuts capped Monday’s historic oil crash, which saw the price of the U.S. benchmark plunge 25 percent, or more than $10 a barrel, to settle at $31.13 per barrel. It was the biggest one-day decline since the first Gulf War in January 1991. Monday’s price collapse came as Russia and Saudi Arabia said they would flood the market with cheap crude despite weakening demand caused by fears of the novel coronavirus.</p>
<p>Oil rallied Tuesday, rebounding more than 10 percent to settle at $34.36. However, it wasn’t enough to quell fears of sweeping spending cuts and mass layoffs that seem all but certain. Many shale companies can turn a profit at $50 a barrel oil, but they cannot survive $30 a barrel oil without drastic cuts to production and staff, analysts said.</p>
<p><b>Marathon on Tuesday said it will immediately reduce its capital spending plan to $1.9 billion from $2.4 billion.</b></p>
<p><b>The oil and gas producer also said it plans to suspend all drilling operations in Oklahoma and reduce drilling activity in the Northern Delaware basin in New Mexico. The company has three oil rigs and one fracking crew in Oklahoma, and four oil rigs and one fracking crew in the Northern Delaware Basin.</b></p>