Replies to This Discussion

Permalink Reply by Joe Aldridge on March 6, 2012 at 5:07

Thanks littleeasy,

If I remember correctly though the first criticism came because they moved into the Louisiana Austin Chalk and were not hitting good wells. I think that started the "let's take a look at what they are doing" scenario. 

Permalink Reply by William C. Morrison on February 28, 2012 at 3:12

Like the man said, they are getting a down hole pump for LaCour #43, and it probably gives them time to spruce up the infrastructure to handle the oil.  Don't worry, LaCour #43 is a successful well but may not be just the right method to crack the egg open.

Permalink Reply by Charles A. Benton on February 28, 2012 at 13:19

The info concerning the down hole pump came from one of the property owners. 

Information about the well(s) staked out in Coon, LA is very limited. Word on the street is that 4 wells are to be drilled,  roughly .75 mi. apart, in an Easterly direction beginning at the Bruckerhoff  location mentioned previously.  Financing is said to be from Chinese sources.  No one seems to know or will not

divulge the companies involved.  Leases in area have gone from $175/A to $400/A.

No permits yet on SONRIS.

Permalink Reply by Joe Aldridge on February 28, 2012 at 18:44

Chip, 

Putting a down-hole pump in is never a good sign. That means that they don't have flow to the well bore and are going to have to salvage the well with a pump and suck the oil out. I would not be surprised to see the well on pump to be making less than 200 bbls of oil a day when it should be making 2000 bbls. if it had been completed correctly.

Permalink Reply by Craig Wascom on March 1, 2012 at 6:36

Early production numbers look good so an EP of 0 is fishy.

LEASE\UNIT\WELL PRODUCTION

RPT DATE	LUW CODE	STORAGE FAC	DOC USE	WELL CNT	OPENING STK	OIL PROD(BBL)	GAS PROD(MCF)	DISPOSITION	CLOSING STK	PARISH
12/01/2011	050840			1	642	5744	1904	5874	512	POINTE COUPEE
11/01/2011	050840			1	0	16552	4084	15910	642	POINTE COUPEE

Permalink Reply by Joe Aldridge on March 1, 2012 at 11:11

Craig,

It looks to me like the well is falling off rapidly. That's the reason for the down hole pump and the EP of 0. They don't have good communication between the well bore and the fractures in the formation. I can't understand why they are not using the same completion techniques that they have used in Texas. This bunch that's drilling over here don't seem to know what they are doing.  

Permalink Reply by William C. Morrison on March 6, 2012 at 2:49

I am afraid Joe is right.  There are dozens of wells in Pointe Coupee that could have been successful except for such bad drilling technique.  We all tend to think wells go straignt down, but the corkscrew and wander all over the place for many reasons.  Mudding up formations is another common practice and prevents sometimes the return to access other depths for production because the mud has closed off the formation near the bore.  Back in the 1980's that is exactly what was going on, "drill baby drill." 

This also the reason this time around we used a lawyer to draw up the lease to prevent land use abuses like odd size production areas.  As the lawyer said a lot of upper Pointe Coupee folks got screwed on their leases.  The production companies are in it to make money, the more money they can make the worse off the landowner is gonna be for it is landowner's resources they are tapping into.

You have got to ask yourself why some wells are still producing, why some have been reworked as many three times, etc.  We certainly now know that all wells are not alike from a drilling prespective.  It is more than the geology.

Permalink Reply by Joe Aldridge on March 6, 2012 at 3:28

Thanks Chip,

For your information there is a new post on Pryme's site. Its an interview with Justin Pettett in what they call "Board Room Radio".  He says that the Rabalais was mudded up because of the mud weighting by Anadarko. Also, he admits that they used the wrong completion techniques in both Deshotels wells. They plan to go to a sloted liner or open hole completion in the future. That's exactly what I've been saying the first step should be in the completion of a well.

Take a look at it its interesting I don't or haven't seen anything that indicates Anadarko tried doing an acidization or a gravel/sand pack to try and break the mud up in the Rabalais well. They are letting it set and build up pressure for a month. That's the worst thing they can do. They need to try to break the mud up as soon as possible. Still don't have any idea what they are doing in the wells in this area.

Permalink Reply by Craig Wascom on March 6, 2012 at 3:40

WOW!!! Thanks for the lead Joe. That was very informative.

Permalink Reply by Steve on March 6, 2012 at 3:46

Why would Anadarko do such dumb stuff? You would think they would be using their best and most experienced brains when spending millions of shareholder's/investor's dollars. They are starting to look like another BP - cut a corner to save a buck . I see this happening frequently now in a lot of industries,banking and investing for one - lots of decisions made by inexperienced younger "educated" managers who have too much self confidence in their own abilities. Maybe I am just cynical but there seems to be a troubling pattern of screw-ups.

Permalink Reply by Joe Aldridge on March 6, 2012 at 4:28

Thanks Steve,

Very GOOD point. 

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