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Comment by Craig Wascom on August 16, 2011 at 16:16

I saw your earlier comment from the meeting with the geologist. Pretty encouraging when you are in the target area, I was just wondering how much of their enthusiasm was based on hard evidence.

Comment by Joe Aldridge on August 16, 2011 at 16:03

Craig, Anadarko's geologist stated that the AC is every where. It just depends on whether you find fractures. Pryme thinks 3D seismic is important. I don't.

Comment by Joe Aldridge on August 16, 2011 at 16:01

Hey guys, This is almost like IMing.

Comment by Craig Wascom on August 16, 2011 at 15:56

Makes sense. Can I safely assume that they have 3D survey of the area?

Comment by Joe Aldridge on August 16, 2011 at 15:55

littleasy, I think the number is somewhere between your figure and my figure. Nelson/Pryme drilled this last well in 90 days or so. It will probably take more than 5 rigs but less than 20.

Comment by littleasy on August 16, 2011 at 15:49

I didn't mean to suggest that bulldog's comment was not appropriate.  I thought it was just his good sense of humor.  They [APC] seem to be leasing to try and establish the boundary of some geological feature that they may have identified.  Just a guess on my part?

Comment by Joe Aldridge on August 16, 2011 at 15:46

I think as soon as they get rigs available they are moving them in. Right now I understand there is a rig shortage. To drill the 150,000 acres it will only take 100 wells at 1500 acres per unit. That can be done with 5 rigs or less.

Comment by littleasy on August 16, 2011 at 15:42

Yes bulldog, it would take 20 rigs drilling 24/7 for 3 yrs to drill 150,000 ac into 640 ac units.  5 yr leases would make the project more manageable.  I'm sure the economics will drive the production.

Comment by Craig Wascom on August 16, 2011 at 15:31

In defense of bulldog I think it is a good question maybe just not worded very well. Anadarko does seem to be slow the spud their AC wells. The question that comes to my mind are they slow because they are bringing in a new type of rig that there may be a shortage of i.e. Devons 35 well site? I have seen the access roads at Lacour and the seem much larger than normal.

Comment by bulldog on August 16, 2011 at 15:13

Just seems like they are slow playing their acreage when each well is taking 60-90 days to drill and complete. Even with 1500 ac units it will take a lot of wells to hold their enormous leasehold by production. They have to have several rigs headed towards the AC.

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