Replies to This Discussion

Permalink Reply by tc on July 19, 2014 at 12:00

Did a rig show up?  Are they still drilling?

Permalink Reply by jffree1 on July 21, 2014 at 3:17

They spud on June 19, a day after the permit was approved. The Friday report says they were at 11,211' so they should be nearing the turn soon unless something goes haywire. TVD on Sarge was 15,828' & 15,797' on ACLCO #1H. Sending good wishes...

Permalink Reply by Lance Oliver on August 17, 2014 at 4:46

Good news!

Permalink Reply by tc on August 17, 2014 at 11:49

On their earning call they said that the well won't be completed until the 4th qtr.  With how much NG these wells can produce right at the start, I would wait until Nov. 1 and try to get the 1st 5 months of production during hopefully the higher winter NG prices.

Also on Goodrich's latest presentation they have the EOG Sarge well producing 7Bcfe in 22 months.

Permalink Reply by jffree1 on January 4, 2015 at 6:45

tc,

Sarge was completed mid-March of 2012 and at the end of October 2014 it had produced 7,679,891 mcf which would put it in line with that statement. It has produced 664,703 mcf in 2014 so it made just over 7 bcf by the end of 2013. It is the biggest producer in East Tx. but may be eclipsed by the Banana Slugs 1H (SAC) in a few months.

GDP needs some good news so maybe they'll find it with this new well.

Permalink Reply by jffree1 on January 5, 2015 at 4:44

Hey, Mike R.

Happy New Year to you, as well. I try not to prognosticate about what energy producers are apt to do at any given moment. The timing is just about the only question for me, now. The gas isn't going anywhere so we just have to look forward to the conditions becoming right (enough) to induce new activity.