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Petroguard

WTI price is edging up to $70 a barrel for crude oil.  Things will really get moving when it hits $80 a barrel.  All that leased up land may sprout drilling rigs.

Ready for some big time action!!

Chip, The price of Louisiana Light Sweet which the AC produces is $72.25 today. This is not WTI. LLS runs 2 to 5 dollars above WTI.

Yes, I know there are other prices for crude oil.  But the US benchmark is WTI.  The European benchmark is Brent.  And so on.  Would you think that if WTI was at $50 that Louisiana Light Sweet would still be %72.25?  Get real.  WTI is driving the market not Louisiana Light Sweet crude, thus you need to be aware of what the price is out in west Texas.

You need to get the correct price that applies to our oil. We are not in West Texas.

Jay,

Where did you hear about EOG selling Avoyelles and St Landry position?

RM, EOG screwed up the completion of the Eagles Ranch well with that esoteric frack job. You can't pump 9.5 million gal of water into the chalk and expect it to produce. There is no way to clear that amount of water from the formation because of water surface tension in the natural fractures. So it does not surprise me that they are bailing out of the play. I said earlier that it looked like they had called off the 3D seismic and according to a couple of landmen they were planning to drill 3-4 additional well. That has been abandoned.  They come in here  as "hot shot" Texans that knew it all. Somebody on here asked what I had against EOG. I have a problem with stupidity. This is the same as Anadarko and Pryme. They killed the last round. EOG almost killed this one.

Re: AC Hz Frac Results / Texas Trend

To all readers - please see the PDF I have attached at end of this posting. This is a summary of completions in the AC Hz Frac play from Texas. EOG is the primary operator among others. Note the well IP results. This list includes many of the initial big completions that EOG and others have done in the AC frac play.

Note the Yellow highlighted columns with fluid volumes and note the high volumes of water being used in these fracs. This is straight from Frac Focus. Water not hurting these wells one bit.

EOG has used this approach in Louisiana - if it is not working, there is most probably something else that is negatively impacting the completions.

Based on this data, it sure doesn't seem that water is a negative in Texas. But there are areas where the AC Hz frac play does not work in Texas too.

Have to figure it is something else - like reservoir P&P, clay / ash content, reservoir conditions (pressure), low GOR's, etc. 

Note I attached this file as a PDF instead of its original EXCEL file. You can zoom into this file and see all the data.

AC%20Hz%20Frac%20Completion%20Matrix%20May%202018.pdf

All I can tell you is the Lorman well by Amoco blew out, killed 2 guys and it took a week or 10 days to get under control. That was less than a mile from one of my properties. The man that was sent in to try to rescue the well after they got it under control told me that the well drilling super. was washing up formation and balled his bit. he started out of the hole and swabed the well in behind him. The shear ram did not shear the drill pipe so the well was blowing out of the drill stem. That's when the driller and the tool pusher got killed. I don't know what this 1000 GOR is that Jay is talking about. The oil is here and I scouted the wells in the area. I know which wells were taking so much mud while drilling to TUSC that they had to have convoys of pre-mix trucking up from Port Allen.

We'll see what the GOR is when they start drilling below the shelf on the East side of the River. 

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