Monday, January 27, 2020

No News Is.......

Prime Rock's rig, the Ensign 777, had its challenges as I forecasted.  The Crosby 10H-1 took 83 days to reach total depth.  As stated prior, this was an ambitious first well with a long measured depth planned.

Let's hope for a great completion with more oil than projected.  $1.91/mcf natural gas isn't going to help this region of the play.  The rig will be heading back to Marathon to spud their third well.

Prime Rock Crosby 10H-1     Source: SONRIS

"The deeper, more pressured region of the play, will have drilling challenges. Those challenges can be very costly as we saw in Marathon's Crowell #1." 
LAMS Stack & Austin Chalk Blog, November 7, 2019

"These are deep wells with TVD's of 16200' and 15332'.   Both of these wells will be expensive so large volumes of hydrocarbons need to be produced. Marathon proved on the Crowell #1 that drilling in this high pressure environment is very challenging."
LAMS Stack & Austin Chalk Blog, November 6, 2019

"This is a deep, ambitious well on the southern end of Masters Creek Field.  It will test the concepts of depletion, high pressure, and water production."
LAMS Stack & Austin Chalk Blog, October 1, 2019

"Pressure 'is your friend' when producing low perm reservoirs, but it's not easy to drill through."
LAMS Stack & Austin Chalk Blog, March 28, 2019

Source: SONRIS

Source: SONRIS

Source: SONRIS