Discussion On Central Louisiana Oil & Gas Activity
Wednesday, September 5, 2012
TMS Drilling Rates
There still remains two boxes to check in the Tuscaloosa Marine Shale play. They are drilling/completion costs and decline rate. The decline rate will become apparent over the next year as this first set of wells reveals the production decline. The chart below presents the drilling rates from the TMS wells in chronological order. The trend illustrates slight improvement. Encana's Anderson 17H-1 well still stands out as the "model" well for drill time. I anxiously await EOG to start drilling their horizontals.