Tuesday, June 9, 2015

The chart below presents all of the completed wells with respect to the true vertical depth (TVD) and lateral length.

Thursday, June 4, 2015

I just discovered this TMS presentation online. It's from January, 2013. The geology is still valid, but the well results are dated. Enjoy.


Monday, June 1, 2015

Initial Potential vs 6 Month Cumulative

Admittedly, the initial potential (IP) of a well does not provide the best indicator of future performance or estimated ultimate recovery (EUR).  With that said, it's the best information available to make a first determination of the potential of a well. The chart below compares the IP to the total of the first six months of oil/gas production.  There is a nice linear relationship, but there are several wells that deviate far from the "best fit" line.  For instance, the Pintard 28H-2 has performed much better than it's IP.  The CMR/FC 20-7 hasn't lived up to it's IP. The Blackstone 4H-2 had a very high IP, but didn't track to a great first six months of production.  With 71 producers, this guideline can be used for future IP's with the understanding that there can be great variability. Most importantly, the operator has a lot of "range" when submitting the IP details to the regulatory agencies.  

Friday, May 29, 2015

Production Metrics

With new wells results from Encana, I've updated some production metrics below.


Tuesday, May 26, 2015

TMS Well Count

The TMS play has reached the 84 well count with 71 producing, 12 drilling yet not completed (DUC), and 1 currently temporarily abandoned.

Wednesday, May 20, 2015

Cumulative BOE Through Time

I believe that the first "apples to apples" comparison on production can be made at the six month mark.  This provides time for each well to clean up and establish a decline curve.  The chart below presents the cumulative barrels of oil equivalent at 6,12, 18, and 24 month timeframes. One interesting observation is that several of the "Top 10" at 6 months haven't even reached a year yet. This is a great sign of improving frac jobs.  Note that the state regulatory agencies are 2-3 months behind.

Sunday, May 17, 2015

Cumulative Oil Production

To keep with the theme of oil production to date in the TMS, the chart below compares wells based on their monthly oil cumulatives. Only wells with an initial potential of 150 bbls/1000' are displayed.