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I am tottaly amused at how they ignore the first two wells! They were not the first to drill, not even close.
I guess they don't want to publicise the first two dramtic faliures.
>> I guess they don't want to publicise the first two dramtic faliures.
Which ones were those?
I think the first well was the EOG Endsley well in 2009 or 2010 near Gin City in Lafayette Co., AR, but my understanding is that this was a vertical well, which showed some gas, but lots of H2S.
The second well was the Brammer Fullenweider et al. well in 2010 north of Taylor in Columbia Co., AR. This was a horizontal well which tested at around 49 BOPD and also had quite a bit of H2S.
W/re to the first two wells…was there no product oil/gas because there was none there? Or were they not really looking for product and just performing “science”?
Basically asking…in the Haynesville play…if the shale is there, minerals are there but in the BD this is not the case?
" So, we basically need to double the second well in order to make this thing work. "
So we need 600+ bbls/day to make it work. interesting.
The initial rate of production is important but Mr. Muellar points out that they need 250,000 to 280,000 cumulative barrels of production for the wells to payout. The production decline curve is unknown at this time but it is highly doubtful that the IP rate can be maintained very long. Mr. Muellar does not say, but I would expect SWN would like to see the cumulative payout production (250,000 – 280,000 barrels) achieved within two years.
Thank you for the info.
Is it just me, or does all this yammering on and on about the dumb details (i.e., about the fairly common drilling shtick) seem a bit obfuscating?
I mean, c'mon. Filling up time, just to be expanding on the inconsequential nitty gritty, per blabbering such to UBS ears, y'know, seems kinda dumb to me. In other words, it's as though someone is talking down to the naive outsiders who don't know dip about O & G drilling methods. Yeah, it's kinda like bogging down in the minutia for bogging down's sake . . . so as to try to prove this play with talk/talk.
Right, uh-huh.
Of course, I have a sneaky suspicion that those Swiss guys really know a good bit more about fine chocolate than they do about liquid goo. So, I mean, it seems like UBS needs to hire a few savvy O & G insiders as consultants if they really wanna nail down the legit scoop on the LSBD, if ya ask me.
Ditto! No, it's not just you. And, what well are they talking about drilling North of, the Garrett? If so, would it be in LA, or AR? They don't like to be very specific, do they?
See Ed's thread in this discussion: "New SWN Permit JOHNSON 21". The new well is apparently in Section 21 T22N R1W, which is northeast of SWN's 3rd well, the BML Properties 31H well in Ora field (S31 T22N R1W).
Actually, Meullar seems to come across pretty forth right and honest in this conference call. Nothing like the hype I've seen in other similar situations from other exploration CEOs. The UBS guys aren't drilling superintendents or production engineers but they know the business and they tend to have pretty good B.S. indicators. He's telling them what they need to know and based on their questions they are at least accepting the explanations and its making sense to them.
Remember, If SWN were a private company we wouldn't be hearing any of this.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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