Replies to This Discussion

Permalink Reply by Brad on August 2, 2012 at 8:10

$10 million dollar well with a decline curve on production = not a good well for operator.  Do I wish it was on my property and I was getting the check?  Yes! Livonia buddy most likely didnt have a well drilled 18,000+ feet

Permalink Reply by John Matherne on August 8, 2012 at 5:41

32,603 barrels x $100 x 80% = $2,608,240. Not bad for a so call screwed up well. Keep pumping and keep exploring this area.

Permalink Reply by Skip Peel - Mineral Consultant on August 8, 2012 at 5:48

How much did the well cost?

Permalink Reply by Joe Aldridge on August 8, 2012 at 12:33

Skip, 

My best guess is 10 million plus or minus. There is a great disparity between 2.6 million production and the cost of drilling the well. And with the rate of depletion we are seeing it will never pay out.

Permalink Reply by John Matherne on August 10, 2012 at 8:57

The O B Lacour well next door produced 86,722 oil barrels and 27,831 MCF gas over its life time. So this area has shown to produce and it may be considered marginal and risky but someday some one may hit it just right. Just saying.

Permalink Reply by Joe Aldridge on August 6, 2012 at 11:41

Chip, 

If I'm reading this correctly the "Disposition" is for the month not per day. So the well produced 1100 bbls per month not a day in May.

Also, there is a premium on the oil produced from these well and would probably  bringing $100 to $125 per bbl on the real market.

Permalink Reply by William C. Morrison on August 25, 2012 at 7:32

I had to poked around in SONRIS Lite to find LaCour #43, it was not listed under "Wells by Parish" where I susually go to find out anything new about the well.  Finally, by using the well serial number, I found the following information dated 8/23/2012 - a "repair"

"Bullhead 150 BBLS 12 PPG Brine down to TBG to displace oil out of well bore into formation; PERF TBG at 14875'; circulate full annualr volume (655 BBLS) of 12 PPG Brine to keep well dead; set BPV & NU BOP & Test; pull TBG seals & trip out of hole with TBG"

Not sure what all that means but sounds like a down hole blockage or rework of the BOP.  Need someone to tell us what all that means.

Permalink Reply by Joe Aldridge on August 25, 2012 at 9:03

I replied to your email before I read this. They are basically killing the well with CaCl weighted to 12 lbs per gallon. Then they NU (Nippled Up) the Blow out Preventer (BOP) and tested it. In other words they installed it on the well head without a tree and made sure it was working. At that point they pulled (disconnected) the tubing seal at the bottom of the tubing and tripped out with the tubing. The well is now under the control of the heavy fluid (Brine) and if things go badly then the BOP. It will be interesting to see what repair they are doing in the well. I would hope they are doing an Acidazition with a Gravel/sand pack. Time will tell. Good scouting and info. Thanks for posting.

Permalink Reply by William C. Morrison on August 25, 2012 at 10:48

I just did not know some of the lingo.  PPG thru me, now I know that means "pounds per gallon."  I was sure it had BOP, another person said not.    I noted in the literature that 12 pounds per galllon Brine could be CaCl or CaBr.  But that the Brine not only kills the well but it also can act to clean out debris.  So if they tore up the seal, means circulation will clean out the seal debris too.  It also means that they will set another seal and restore the BOP.  But they could be doing other things to the well as you say, like a gravel pack.  All of their work so far has been at the elbow or the zone where they went horizontal (for sake of simplisty I call it bottom hole).  I am guessing that is probably the max pressure point, ergo that's where the BOP is located.  Took me a while to figure out TBG - it is a type of a seal.  Probably tore it up when removing the BOP and so gotta replace it.  I am sure the BOP would be in the way of doing any further down hole work.

Sooner or later I am gonna learn all this jargon/shorthand.

I was a little miffed at SONRIS Lite, could not find LaCour #43 in the "Wells by Parish."  For some reason it was not listed.  So I did a search by serial number and found it and the above status.  I can not gripe as SONRIS Lite is free but it is an irritation.

Maybe things are looking up.

Permalink Reply by Joe Aldridge on August 25, 2012 at 12:30

Chip,

The BOP is surface mounted. It goes on in place of the production tree. They will work the "work String" through that. It the well starts kicking then they will use the BOP to shut it in until they can get enough weight in the fluid to kill it again. The Heavy fluid (brine) is primarily used to kill the well. It may help clear any debris or mud that they lost in the hole but that is not the purpose of the brine. They obviously have gotten the message that you can't use mud in a chalk well and not damage the Austin Chalk formation.

I think we may see progress in their drilling and completion techniques yet.

Permalink Reply by Joe Aldridge on August 25, 2012 at 12:44

To go further. It sounds like they are doing a gravel/sand pack. That would be the only reason to "kill" the well with heavy brine and pull the production tubing and packer. You need a heavier "work string" to do a mini-frack as compared to a lighter wt. production string. Keep an eye on what's going on on the surface. They should have pumpers and tanks coming in in the next couple of days.

Good Scouting Chip

Permalink Reply by John Matherne on August 30, 2012 at 11:09

RPT DATE	LUW CODE	STORAGE FAC	DOC USE	WELL CNT	OPENING STK	OIL PROD(BBL)	GAS PROD(MCF)	DISPOSITION	CLOSING STK	PARISH
06/01/2012	050956			1	191	951	307	909	233	POINTE COUPEE

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