|Marathon Crowell #2 (Source: SONRIS)|
The rumored rates are consistent with the closest well, the Mcright #11. In 1997, this well had an initial rate of 1536 bo and 4600 mcf. Rumored rates are about 50% above this. The Mcright #11 produced 179 mbo and 0.78 bcf. Let's hope that the frac impacts a significant amount of matrix porosity. We'll know a lot more in 90 days about rates, pressure, decline, and water.
Good luck to Marathon!
I also heard at NAPE that Navidad Resources has had a positive initial test in southern Brookland Field in Tyler County, Texas. I've not seen an official release for that one.
Let's hope for some significant improvement in commodity prices!