Chance of success 40%?
Sounds like it is on life support.
A few more details after listening to the replay of the webcast, which is now available at the SWN site:
Mueller says SWN will have 8 wells drilled by the end of the year and their BD map seems to show that the 7th and 8th wells will be the Bayou de Loutre well and the more northerly unit in the Dowdy Branch field. He also says they are still looking for an initial 30-day average rate of 500 BOPD or above, if their projected decline rates are accurate. I don't think he gave any numbers about these projected decline rates, though.
Will shutting the BML in cause any problems with the rate of the BOPD ? I understand they are waiting for the pipeline to be built. How long does this take?
Brenda, I'm not an expert on this, but I don't think shutting the BML in for a time will have a significant effect on the BOPD flow rate when they open it back up. I haven't heard any news about the status of the pipeline construction, but I wouldn't think the wait will be much longer.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
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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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