Replies to This Discussion

Permalink Reply by Craig Wascom on March 6, 2013 at 12:13

Same here. I will not lease to Anadarko again!!

Permalink Reply by Joe Aldridge on March 6, 2013 at 12:15

John,

Go to Pryme's site and email Ryan Messer. He may be interested in talking to you about your lease. He will email you back.

Permalink Reply by Watt Keller on March 6, 2013 at 17:39

Nelson Energy holds the leases with Pryme as their partner. Their land man is Joe McGinty with McGinty-Durham in Alexandria. We leased our northern mineral acreage to them. About a mile SSW of the Rosewood well in AUS RA SU EE, AUS RA SU FF, AUS RA SU RR, AUS RA SU QQ, AUS RA SU UU and AUS RA SU VV. Keeping our fingers crossed the Rosewood holds! I like the choke they have on this one.

Permalink Reply by david crocket on March 6, 2013 at 12:37

Great news on this well.  I've been looking for this all day.  Thanks for posting.

Permalink Reply by John Matherne on March 6, 2013 at 12:27

Worth a shot Joe!

Permalink Reply by Brad on March 7, 2013 at 3:12

what is the S/T/R for this well? Serial #? Thanks and congrats!

Permalink Reply by Joe Aldridge on March 7, 2013 at 3:15

Look it up on the Sonris Scout Report page. It will have all of that information

Permalink Reply by Craig Wascom on March 13, 2014 at 16:44

Exerpt from Pryme's annual report

Turner Bayou Chalk Project

The performance of the Turner Bayou Chalk Project over the past year in has been very challenging for Pryme and its shareholders. The selection of the Austin Chalk formation as an exploration target was based on the interpretation of 3D seismic survey results and supported by the results of well completions and production in proximity to the Turner Bayou area over the past 40 years. This information provided confidence that the Austin Chalk within Pryme’s Turner Bayou leases is highly prospective for oil. In addition, the results from wells drilled by Pryme in previous years supported the strong oil prospectivity of the area while highlighting the technical risks in drilling deep horizontal wells into this formation.

The Turner Bayou project continues to provide interesting exploration opportunities. In addition to the Austin Chalk formation, the project contains the Wilcox formation above the Chalk and the Tuscaloosa marine shale beneath it. Both of these formations have attracted considerable attention from oil and gas exploration companies in recent times and are worthy exploration targets. However, the disappointing commercial performance to date of the Turner Bayou project led to a strategic review of the company’s business plan with a view to determining the best value-building strategies for the company.

An investigation of the Rosewood Plantation 21H well, the third deep horizontal well to be drilled in the Turner Bayou Chalk project, by the operator Pryme Energy, LLC (Pryme Energy) revealed that drilling fluids, solids, cuttings and other debris had been forced into the Austin Chalk formation during drilling of the well. Pryme Energy believes this has damaged the formation around the well bore and caused the well to significantly underperform. As a result, during the year Pryme Energy initiated legal action against Signa Engineering Corporation, who provided project management and engineering tasks related the well, to recover losses in connection with the formation damage and certain cost overruns.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=117237

Permalink Reply by William C. Morrison on March 14, 2014 at 1:43

Interesting.  The hole got muddied up.  Could this be the problem with other Austin Chalk wells?   We see initial production off the scale, then it dribbles along ala LaCour #43,  Somebody has to come up with a viable method of drilling that does not ruin the formation.

Permalink Reply by Joe Aldridge on March 14, 2014 at 2:06

Hi Chip,

I tried telling Ryan that they needed to do a "slick water" frack. But they had an engineering firm that knew everything about chalk. It ended up that the engineers did not even do an acidazition of the well at completion much less a "slick water" frack. In that area you have to get some proppant into the formation to hold it open otherwise the chalk will collapse on its self. So I tried but it just went over their heads. 

Permalink Reply by John Matherne on March 14, 2014 at 2:07

Hasn't the only attempt been just to drill a horizontal hole with hopes of intersecting natural fractures. I don't recall any AC wells fracking.

 

Permalink Reply by Joe Aldridge on March 14, 2014 at 2:23

Oh John,

Yes the formation is naturally fracked. The point of the "slick water" frack is to get proppant into the formation. The Chalk is so fractured in this area that as you with draw the fluids the formation it will close. That's what we are seeing. Great IP in the beginning with the fractures then closing. In the case of the Rosewood they mudded it up and did not clear the mud. They shut the well in to let the pressure built up and at that point the mud will set up. They must clear the mud and any drilling debris as soon as the well is capable of flowing. That did not happen.

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