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"We'll know a lot more in 90 days about rates, pressure, decline, and water."
"This region of the play in Louisiana illustrates much lower resistivities than seen in the prolific trend of Texas and the LA-EAST in Louisiana. One reason for that could be higher water saturations in the chalk reservoir. The field historically produced 13.6 barrels of water to every barrel of oil. That's an extremely high water ratio. Disposing of water is expensive and impacts the overall economics. One of the risk factors is that a large-proppant frac could increase the water volumes."
"At these production rates, it's impossible to have positive economics at these DHC/CC costs. At $1.82/mcf gas, natural gas is a tough place to be. The gas-oil ratio is much higher than the wells on strike. The API gravity at 52 is quite a bit higher than the adjacent well to the north (47). The water cut, as forecasted, is very high. This will be important to observe over the months to come."