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Workover rig on location probably explains the empty flatbed truck - some new downhole equipment was brought into location for this operation IMO.

Rig could be doing several things - cleaning out wellbore, setting plugs / or everything in between.

Keep watching and reporting!

okay, so I am guessing  that the well is assumed to be productive or they would not have gone to the expense of hiring a workover rig.  are my assumptions correct?  (a question from someone who knows absolutely nothing about workover rigs)  

Bringing in workover rig is not a guarantee of "production". Operator is either trying to amend / correct / fix an issue down hole OR they could be setting down hole plugs to abandon all or part of the lateral.

There is only so much work that can be done with wireline equipment. For most work (especially at these depths and in a horizontal wellbore situation), having a rig (workover) with mast and pulling capabilities is needed to "get the job done"

Skip, thanks for the update.  After following the Tuscaloosa Trend since the mid- to late-70’s, I understand that there is very little information sharing between companies, much less with landowners, with or without the appropriate lease language.  I could be wrong, but I believe the success of the current Central LA AC play will have more to do with overall economy and less to do with the particulars of any single well.  Time will tell and 3 to 5 years will pass before we know if those lottery checks will be in the mail.  Geaux Tigers

Best post yet from you littleasy. There is a lot of truth in that. Everyone needs to relax and let things develop.

Yes guys, agree on the relax and let things unfold as they will.  I would have to say that I don't think we will be waiting as long as 3 to 5 years.  Exploration drilling by all the LA AC players should begin in the second half of 2018.  Likely at least one COP well in each of their newly formed units to begin.  I expect that MRO will be along with unit applications and well permits before the end of the year.  Once there are dedicated rigs running, each company will drill multiple wells across their leasehold.  I think the first thing we are looking for are successful completion recipes.  Can companies get the EUR they are looking for considering their well costs?  If the completion designs yield the required EUR, then it's a matter of systematically drilling across each leasehold to ascertain where rock quality meets EUR requirements.  Keep in mind, these AC units are large in acreage and one well can hold the development rights to 1920 acres worth of leases.  If we are at 600,000 acres leased and, by conservative figure, half is economic, then it would take about 156 wells to hold those leases.  If just the big three were to run 3 rig drilling programs, they might drill a hundred wells in 12 to 18 months.  All just conjecture on my part of course but I think much will come into focus before Christmas.  Hopefully it will be a Christmas to remember.  Good luck to all you LA AC members.

Great summary!

Yes, I agree completely.  My longer timeframe includes allowances for geopolitical considerations, world economies, and learning curves for drilling these AC wells in LA.  To quote CSN, “It's been a long time comin’,” let’s just hope it won’t be
“goin' to be a long time gone.”  Peace ✌️ 

As of last Friday EOG had 19 rigs running in south Texas, 5 counties.  MRO had 5 rigs in 2 counties.  And COP can afford more rigs than both put together.  If they find what they are after there could very well be two dozen rigs drilling the LA AC come 2019.

So, how do like it when President Butthead cuts a deal with Sau di Arabia to up oil production to offset reduced volumes from Venezuela and Iran? We had that covered. He's terrified the cost of gasoline will skyrocket for the tourist season. Nothing like a little old fashioned self-dealing. 

http://money.cnn.com/2018/06/30/news/trump-saudi-oil/index.html

Yes, but sort of wishful thinking.  We have been leasing since before WW-II, but more frequently now days.  At one time we had six or so acres in Tuscaloosa Treed (deep gas) production.  That played out, I think from a poorly drilled well which allegedly "sanded over.".  Since early 1980s we have been leased four times always with truncated leases for oil down to 16,000 and below that for dry gas.  But no drilling yet.  We are currently leased to EOG and are into the second year now of a three year lease.  When oil gets to $80 a barrel things start to really heat up but until then, not much activity. 

There is little, if any, relationship between what came before and now from a technical exploration and production stand point.  I understand how past experience tend to influence present day decisions in the management of mineral assets but far too often those decisions lack context.  Those were wells drilled in conventional reservoirs, the majority of which were vertical completions.  Most new wells by major and mid-major operating companies are horizontals in unconventional or very low perm reservoirs.  One of my aims for GHS is to help mineral owners and managers understand the difference and utilize that knowledge to make more informed decisions.

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