Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on November 15, 2014 at 3:47

Nabors Drilling Rig X17 reported Spud 11/6, 10 days Drilling Ahead @ 7151', 11/14.

Permalink Reply by Skip Peel - Mineral Consultant on November 22, 2014 at 3:16

Nabors Drilling Rig X17 reported Spud 11/6, 17 days Drilling Ahead @ 11,350', 11/21.

Permalink Reply by Skip Peel - Mineral Consultant on November 30, 2014 at 3:48

Nabors Drilling Rig X17 reported Spud 11/6, 24 days Drilling Ahead @ 11,853', 11/28.

Permalink Reply by Skip Peel - Mineral Consultant on December 7, 2014 at 4:34

Nabors Drilling Rig X17 reported Spud 11/6, 31 days Drilling Ahead @ 18,668', 12/5.

Permalink Reply by Skip Peel - Mineral Consultant on January 12, 2015 at 9:03

What makes you think that, John?  The last I heard the well was completed and flaring gas.

Permalink Reply by Skip Peel - Mineral Consultant on January 12, 2015 at 11:33

It's not a Dry Hole, that's a Dry Hole Cap.  It seals the well head until the next operation.  WOCR is Waiting On Completion Rig.  This well has been completed and is flowing just no IP data is available yet.

Permalink Reply by Wineshine on January 14, 2015 at 3:00

Tankers have been hauling off product(water or crude) for two weeks now.

Permalink Reply by Skip Peel - Mineral Consultant on January 14, 2015 at 3:10

If it's a good well there should be a mention in the corporate presentation scheduled for next Wednesday.

Permalink Reply by Wineshine on January 14, 2015 at 3:56

A reliable source said it came in marginal,he would not elaborate  ,who knows what they call marginal....

Permalink Reply by Skip Peel - Mineral Consultant on January 14, 2015 at 4:04

If correct that would add to a string of recently announced "marginal" wells.

Permalink Reply by Bubba Perrilloux on January 15, 2015 at 2:43

That's Goodrich's MO.  If it ain't good news they don't say it.  Don't see them surviving 2015.  Just like Williams, they're hiding results on this one for as long as possible.  

Permalink Reply by Skip Peel - Mineral Consultant on January 15, 2015 at 3:26

All the operators emphasize the good news and down play the not so good.  GDP has gone to greater than normal lengths, in my opinion, to promote the TMS but then again they have bet their future on it.  I don't think GDP is in danger of going under in 2015 because of their hedge position.  Their $96.11/bbl guaranteed price for 3500 bbl/d should help them limp through this year while maintaining some modest level of drilling in the TMS.  The problem for GDP is the specter of long term depressed crude prices and a much lower hedge position for 2016 production.

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