Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 23, 2019 at 12:14

Rumors to that effect have been around now for three or four days.  Still waiting for some further detail as the initial scout report I got stated that the "updip" portion of the trend was being abandoned.  Haven't heard anything else other than the Soterra being plugged and abandoned.

Permalink Reply by Thomas LaSalle on July 24, 2019 at 2:13

Can you give brief description of where 'updip' portion of play is vs 'downdip' (if that is the correct term??) portion in regards to the AC in Louisiana?

thanks

Permalink Reply by Hydrocarbonite on July 24, 2019 at 2:46

Visit Tuscaloosablog site , excellent maps there thanks to Kirk! 

Tuscaloosatrend.blogspot

Permalink Reply by Rock Man on July 23, 2019 at 15:32

COP must have observed some very negative info in their well to plug the pilot hole / and after reading the SONRIS report, this is not a temporary abandonment - this is a "final" P&A.

What could they have seen? Very poor reservoir (little to no P&P) is my guess.

I bet Kirk will comment on this eventually.

Permalink Reply by Hydrocarbonite on July 23, 2019 at 22:44

Thanks guys

Permalink Reply by Craig Wascom on July 24, 2019 at 3:38

Rock I went back and look at activity and planned activity by both COP and EOG, would it be fair to say that they put a heavy emphasis on the updip? If it true that they are not finding what they hoped for in the updip what does that mean for the downdip? Do we need to wait to see what happens with Petroquest planned downdip activity?

Permalink Reply by Rock Man on July 24, 2019 at 4:56

Results updip do not tie to theoretical results downdip - bad news in one does not necessarily kill the other. But any info anyway is incorporated into the operator's evaluation matrix.

Downdip area is different depositonally as well as post deposition as to temperature and thermal maturity story. Presence of organics also an issue. And the biggie (in my opinion) is the impact of all this on the creation and preservation of reservoir P&P.

And as per my mantra, "Time will tell!"

Permalink Reply by Rock Man on November 1, 2019 at 9:17

Have to think that there is something positive here to support Equinor getting into this play as a partner.

Permalink Reply by Lisa Melder-Johnson on November 1, 2019 at 10:52

Hopefully so guys!   Time will tell.   I know there was also some recent changes in % interest assigned on some of the BLM leased land near me too.

Permalink Reply by Hydrocarbonite on November 1, 2019 at 10:56

thanks for posting Bob,  very interesting article. Just wondering if the 25% sale included all Southwind leases.  We are in Evangeline parish, is there any way your research came across all parties involved?  Haven't heard of Equinor before but if RM is positive about it I'm all in....  thx HC

Permalink Reply by Skip Peel - Mineral Consultant on November 1, 2019 at 12:25

Equinor is the new name for Statoil.  Norwegian oil major.

Permalink Reply by Hydrocarbonite on November 1, 2019 at 13:06

Thx skip, hope they bring expertise to the drilling of the AC as Marathon/Southwind has lots of acreage to look at in the next 18 months to secure leases.  We are patient waiting on 3D results and analysis mid 2020. 

• ‹ Previous
• 1
• …
• 56
• 57
• 58
• 59
• Next ›
• Page