Replies to This Discussion

Permalink Reply by William C. Morrison on April 27, 2012 at 3:30

 

Sounds good to me.  But SONRIS Lite does not show any active permits for Pointe Coupee.  But you never know, might be an old one reopened and not updated on SONRIS Lite.  They are going to have to drill to figure out how to tap the resource properly.  BTW, our lease includes Tuscaloosa Trend (TT) at a different and higher royality rate.  So both Austin Chalk and TT are possible target zones.  I rather doubt TT though as it is almost pure gas and it ain't worth it to drill for it now days.  Like I said out of Harry Potter, "Now we wait."

Permalink Reply by WHuguet on April 27, 2012 at 7:22

Glad to see this play has a pulse!  I've heard more rumblings in the last week than I've heard since late winter.  Heard that the tubing problem was known and advised of at time of drilling.

Joe, one thing to look at is that some of the vertical AC wells in Moncrief field have been producing for a long time - so those BOPD add up - maybe it doesn't have to be impressive IPs - see Serial #s 219728, 219028, 220852, and 221516 for St. Landry chalk wells. 

Permalink Reply by Joe Aldridge on April 27, 2012 at 8:30

I agree with your premise but the problem at this point in time is these companies are income driven. If a well does not payout in 6-8 months its not worth drilling - in their words "Its not economically feasible". They are not in this for the long haul. Again, as I see it it is an attitude, in the industry, that if Anadarko can't do it no one else will be able to. They do have all of the experience that they bought from UPR. And as someone said a year ago when I stated my objections and concerns about the direction they were going; "Do you think they (Anadarko) fell off the turnip cart yesterday"? I personally don't see this coming back any time soon. I hope I am wrong.

Permalink Reply by Joe Aldridge on April 27, 2012 at 8:51

One other point: Pryme has lost their capital. The group that had invested 4 million in them in the form of a convertible has pulled it. So Pryme has no capital to continue drilling. That is unless they find a "White Knight" to come to their aid. So again These companies have screwed the play up and at this point its DEAD!!!!

Permalink Reply by Old Scout on April 27, 2012 at 14:14

Call the Forum keeper. Tell him to turn out the lights and kill this thread. Good night Mrs. Calabash.... wherever you are.

Joe.... c'mon man....

Permalink Reply by silver240 on June 14, 2012 at 14:53

Hi, can someone advise what is going on with Anadarko AUS Dominique Well.

 

Thanks

 

Permalink Reply by Madman on June 14, 2012 at 15:18

I spoke with a representative from APC several weeks ago.  They are frustrated with the well as it is producing not more than 50 or so barrels per day.  They were entertaining several options at that time in order to increase production.  I will follow up again in the next month.  They haven't given up on it yet.

• ‹ Previous
• 1
• …
• 22
• 23
• 24
• Next ›
• Page