All,
I recently elected to participate in a series of BP-operated Haynesville wells in Nacogdoches County, Texas. The amount appears to be understated. Has anyone recently participated in one of their 10,000' wells and can share the AFE amount or a rough estimate? This question applies to anyone who may have heard how much they are drilling the wells for as well...please let me know your thoughts on this.
Thanks in advance.
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Hard to make a profit at $3 gas and $18M well cost.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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