Thursday, December 11, 2014

New Wells Results - Calibration With Geologic Attributes

Two new well results were announced yesterday:
-Goodrich Verberne 5H-1: 1375 boepd
-Sanchez St. Davis #1: 1143 boepd

The chart below incorporates these two new results.  The two wells plot in the "best performers" range as expected based on their geologic attributes.

This display compares the initial potential (boepd) on a 1000' basis (y-axis) compared to the thickness of Passey DlogR>0.9 (x-axis).  The third variable, mean sonic, is presented as the size of the circle for each well.  The wells are filtered by additional variables including lateral length and proppant per stage.  At 54 completions, the "formula for success" is currently: 
-Lateral length > 4400'
-Passey pay > 100'
-Mean Sonic > 82.5 (higher sonic appears to align with the presence of natural fractures and possibly higher porosity)
-Proppant per stage: 400,000-650,000 lbs (Encana Sabine 12H wells recently used ~800,000 lbs; the production decline profile will be one to watch in the coming months)
-Landing zone: lower TMS (recent Sanchez St. Davis landed high; the production decline profile will be one to watch in the coming months)

Note that the last 10-12 wells that meet these criteria have had excellent results.  
Repeatability has been confirmed.

Thursday, November 20, 2014

TMS Consortium - GCAGS Paper

Our first research thesis from the Tuscaloosa Marine Shale Graduate Research Consortium (TMSGRC), has been released as a GCAGS paper (LSU: Hunter Berch).

Our second research thesis will be presented to the thesis committee tomorrow at the University of Louisiana Lafayette.

Wednesday, November 5, 2014

Tuesday, November 4, 2014

TMS Energy Summit

I've placed my presentation online from the LOUISIANA ENERGY SUMMIT that was held on LSU's campus two weeks ago. The analytics might be useful today for comparison with the announcement of two new well results.

Don't forget to tune into Goodrich's earnings call at 10 a.m. CDT today

Friday, October 10, 2014

Halcon Permits Well In Tangipahoa Parish, LA

Halcon has permitted their first well on their Tangipahoa acreage block. The TMS RA SUB;FRANKLIN PST PROP H-1 is permitted for a measured depth of 17978 and true vertical depth of 11667. This location is near Goodrich's Blades 33H-1 and two active rigs.  A Comstock rig will begin drilling soon just west of here.  On a per 1000' lateral basis, the Blades 33H-1 is one of the best wells in the play to date.