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.

SONRIS:
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=248552



Friday, October 3, 2014

Encana Raises The Bar

The MSOGB has an initial test reported for the Encana Lyons 35H-2.  On a per 1000' lateral basis, this is a record setter. The Encana Anderson 17H-2 had a similar test, but didn't have significant follow on production.  The 35H-2 only had a lateral length of 5200' and initially tested 1337 bo x 1075 mcfg (1516 boepd).  This almost surpasses the best IP of any length. The chart below depicts the initial tests on a 1000' lateral basis.  Note both the consistency from recent tests along with the cluster of recent activity.  The wells are presented chronologically based on spud date.

Source: SONRIS, MSOGB

Monday, September 29, 2014

Goodrich Announces Well Results

It's nice to have some new results to talk about!  Goodrich released this update this morning:

HOUSTON, Sept. 29, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced a Tuscaloosa Marine Shale ("TMS") operational update. The Company's Bates 25-24H-1 (98% WI) well in Amite County, Mississippi, which was completed with an approximate 4,850 foot lateral and was fracked with 19 stages, achieved a peak 24-hour average production rate of 1,000 barrels of oil equivalent ("BOE") per day, comprised of 938 barrels of oil and 373 Mcf of gas on a 17/64 inch choke. The Company's CMR/Foster Creek 31-22H-1 (90% WI) well in Wilkinson County, Mississippi, which was completed with an approximate 6,700 foot lateral and was fracked with 24 stages, is in the early stage of flowback, with a current peak 24-hour average production rate to date of approximately 1,140 barrels of oil equivalent ("BOE") per day, comprised of 1,070 barrels of oil and 420 Mcf of gas on a 13/64 inch choke. The Company will provide an update on the well on its third quarter earnings press release. The Company is currently conducting completion operations on its CMR/Foster Creek24-13H-1 (97% WI) well in Wilkinson County, Mississippi, which has an approximate 6,600 foot lateral with 24 frac stages and should begin flowback within a week. The Company has also drilled and is in completion phase on its Spears 31-6H-1 (77% WI) well in Amite County, Mississippi, which has an approximate 7,600 foot lateral, and its Verberne 5H-1 (66% WI) well in Tangipahoa Parish, Louisiana, which has an approximate 6,800 foot lateral and reached total depth within 29 days. The Company currently has three rigs running in the play and is conducting drilling operations on its Williams 46H-1 (61% WI) well in Tangipahoa Parish, Louisiana, itsCMR/Foster Creek 8H-1 and 8H-2 (79% WI) wells in Wilkinson County, Mississippi, and expects to commence operations soon on its T. Lewis 7-38H-1 (estimated 90.5% WI) well in Amite County, Mississippi. The Company has in excess of 300,000 net acres in the play. A copy of the latest corporate presentation is available on the Company's website at www.goodrichpetroleum.com.

Here are three charts comparing initial potential results.  The selected well group have similar frac designs, lateral lengths > 5000', and landed in the lower portion of the TMS. Both of the new wells fall right on the averages. We're starting to see consistency in the well results which is very positive.

Source: SONRIS, MSOGB

Source: SONRIS, MSOGB

Source: SONRIS, MSOGB

Thursday, September 4, 2014

Wednesday, September 3, 2014