A conventional core from West Feliciana Parish reveals a very cyclic sequence of chalk and chalky-marl facies. One reason for that could be higher water saturations in the chalk reservoir. One channel regulates the speed of the primary blades and the other channel regulates the tail blades rate (so the helicopter can turn left and also right). In fact, many may have been completed insuch a manner that their maximum potential rate cannot be achieved. The state allows a lot of leeway with regards to how an operator determines the initial potential. After the well has been drilled, logged, and completed, the report may include information such as total depth, log tops, and initial production. So, the future production of all the wells will be less than the initial production. · No boost in OPEC production. It is my belief that the production at Masters Creek Field is derived from a deeper source rock in the Lower Cretaceous or Jurassic. The basic definition of an Independent Oil and Gas Company is a non-integrated company which receives nearly all of its revenues from production at the wellhead.

Go to the Mississippi Oil and Gas Boards site. The table below provides a comparison and contrast of the geographic regions of the Austin Chalk in Louisiana and Mississippi. An abundance of old vertical wells penetrating the Austin Chalk presents the opportunity to perform detailed log analysis with an understanding of spatial variability. These two wells will be watched closely for the LA-WEST and downdip portion of the play. Select the Crosby well and it will produce the data and a map which will show you exactly where the well is located. Access their user-friendly online data base to pull up Goodrich Petroleum’s wells. Both wells will likely be in the 4000 range. Pressure, temperature, costs, and economics will be the limiting criteria at some point. Disposing of water is expensive and impacts the overall economics. I believe that the most important risk in the downdip region is the risk of fracking into the faults and natural fracture clusters connecting to large water sources.

At the Austin Chalk level, most faults are strike trending and parallel the shelf edge with splinter faults oriented in oblique directions. Large faults served as migration paths into the Austin Chalk. In my November 5, 2018 post, I presented detailed maps illustrating geographic regions across the Austin Chalk Trend. The Austin Chalk was confirmed to be a source rock. At some point updip, the Austin Chalk of Louisiana/Mississippi will be immature. On a regional basis, the LA-West region generally contains a higher percent of chalk facies. In the downdip region of LA-WEST, Masters Creek, Burr Ferry South, and Cheneyville produced on average 6.29 barrels of water per barrel of oil. The gas/oil ratios in Masters Creek Field greatly contrast those in southern Avoyelles Parish. The average porosity compares very well to the current results in southwestern Giddings Field. Gas will greatly assist producing from the low porosity and permeability, but at the current market prices, oil is a better strategic and economic target. Today I will focus on the geological aspects of the play.

And most importantly, the highest IRR’s provide play longevity. The higher TOCs occur in the chalky-marl facies. Pressure “is your friend” when producing low perm reservoirs, but it’s not easy to drill through. Many different styles of drill bits have now been introduced over the years to the drilling industry and it is possible the find keychain replicas of drill bits such as DTH hammer bits, PDC, and retrac bits. Drilling and staying “in zone” will be much easier in this region. Other owners include Delek Drilling and Avner Oil Exploration, subsidiaries of Israel’s Delek Group, and Israel’s Ratio Oil. For this reason these engineers are highly trained and extremely well paid by oil companies. Oil and gas companies, for example, incur substantial amounts of expenditures that are regarded as sunk costs. Some oil pipelines have leaked and fouled water supplies, like the December 2016 leak near the Standing Rock Reservation. During recent times, objections have been raised fearing that fracturing causes contamination of ground water.