Monday, August 11, 2014

EOG Re-Ignites the TMS-West

Field reports from Central Louisiana indicate that EOG has moved in a H&P rig and has spud the Indigo 25H #1 TMS well (API 1711520230) located in Section 25, T3N-R7W in Northeast Vernon Parish, LA. According to a filed permit with the state, the well will have a measured total depth of 17,318’ which may imply a 5,000’ to 6,000’ lateral in the objective TMS section. By virtue of the well name, it appears that Indigo Minerals is a partner in the well. Indigo has been active in the West side of the TMS play since 2010 acquiring leasehold along with its large fee mineral position, and drilled one horizontal TMS well in 2011 that was junked due to fish stuck in the lateral. From previous land maps presented in the area, it appears EOG also has a significant acreage position in the Vernon Parish, LA area. This will mark EOG’s 5th TMS well in the play with the other 4 TMS producers located back to the East in Avoyelles Parish, LA. This new Indigo Minerals 25H #1 well will be very significant for "proving up" the TMS West. Good luck EOG and Indigo!

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