I just heard from some relatives back there that they have found a large oil field under the shale about 3000 ft deeper than a horizontal well drills. Heard there is a big buzz about it, can anyone confirm said rumors?
Okay, for those of us from "the bait goes of the fish hook, not in your mouth" mindset... I take it the deeper the play, the more weight over it equates to more compression of the strata, thus resulting in higher pressure which in turn produces higher temperatures at the various depths? And due to the depth of the Haynesville, the oil(s) turn to gas due to the temperature? Naive, I know, but being from my neck of the woods, alot of this is just strange languages and voodoo magic. Please elaborate a little more if you would exactly what your discussion eludes to, if you would be so kind.
Electro,
As you stated the well is in California. I like to depend on good, solid info from LOCAL geologists and engineers.
If you are in the business, you like good solid facts.
I hope you guys are right, but I am not putting any of my money into a pipe dream.
By the way, have any production figures from this well? They would have to be pretty substantial to justify drilling at this depth.