Replies to This Discussion

Permalink Reply by DCM on March 12, 2019 at 8:23

Thanks, Skip.  Interesting presentation.  Good to see at least one operator projecting additional decreases in costs and higher efficiencies.  Hope Australis has great success.

Permalink Reply by Skip Peel - Mineral Consultant on March 12, 2019 at 8:27

You're welcome, DCM.  The jury is still out.  I suspect that by the end of this year, if Australis drills all six wells they have scheduled, we will know much more about the economics of the TMS.  Good luck to 'em.

Permalink Reply by Spring Branch,mineral owner on March 13, 2019 at 14:20

With 2 of the 4 wells drilled by Australis so far having mechanical issues, the Quinn and Saxby wells need to be drilled without issues or it won't be looking good to me!

Permalink Reply by Hale Yayuh on March 28, 2019 at 8:41

They had drilling/completion trouble with  2 and 4 out of the first four. Anyone heard anything on Nos. 3 and 4 as far as production? No. 4 will be less than hoped for due to shorter lateral than hoped for.

I sure hope they have good luck completing 3 and 4 and drilling/completing 5 and 6!