Replies to This Discussion

Permalink Reply by Bob Nies on November 14, 2010 at 6:31

Skip,

Was there a Friday drilling progress report?

Bob

Permalink Reply by Skip Peel - Mineral Consultant on November 14, 2010 at 12:12

The Burkley-Phillips #1 reported 112 days drilling ahead @ 18,779' on 11/12/10.

Permalink Reply by Mudbugs20 on November 15, 2010 at 2:37

Very typical to drill 1-4 ft/hour at these depths.

Permalink Reply by Skip Peel - Mineral Consultant on November 19, 2010 at 15:03

The Burkley-Philips #1 reported 119 days drilling ahead @ 18,150' on 11/19/10. Yeah, yeah I know but that's how the report reads. Draw your own conclusions.

Permalink Reply by Bruce on November 19, 2010 at 17:52

has to be a typo, must be 19,150'

Permalink Reply by rusell shleby on November 20, 2010 at 1:48

Yes, clearly a typo.. They changed the bit around 18,800.

Permalink Reply by rusell shleby on November 22, 2010 at 6:48

19,201 this morning.. Stock has jumped 15%, highes jump since the well was spudded? Hmmmmm....

Permalink Reply by Bob Nies on November 22, 2010 at 16:00

Ray,

The well is already drilling at the bottom of the Cotton Vally about to enter the Haynesville at about 19,400"... Chevron's original goal was the Smackover which they never reached..... estimated at about 22,200' in this well... if the Smackover is productive, I'm hoping they will take this down to the Norphlet... a lot will depend on BHP and if the casing program can handle it, however.
I'm confident in the productivity of the upper Cotton Valley and maybe the lower Bossier Sands based on the decision to case this well further up the hole than the originally planned 19,400'. Hopefully, that was to protect potential productive formation from damage.
Today's stock action was very positive technically, but the next 30-45 days drilling will define the thickness of the Haynesville Shale (and later the frack program to see if commercial production is possible). Smackover potential is a big unknown considering the 22,000+ BHP and extreme temperature recorded at the Chevron Long well.... this is all very exciting to be sure.

Permalink Reply by Bob Nies on November 24, 2010 at 10:38

Fun day today up 37.5% to .55

Permalink Reply by Bob Nies on November 28, 2010 at 12:59

Skip,

Was there a drilling progress report this holiday week?

Bob

Permalink Reply by Skip Peel - Mineral Consultant on November 28, 2010 at 13:24

Report date 11/24/2010, 126 days drilling ahead @ 19,495'.

Permalink Reply by Bob Nies on November 28, 2010 at 15:12

Wondering if they will extend the casing string before entering the higher pressure zones ahead? Have a feeling we will see a press release soon if that is the case....

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