Tuesday, May 3, 2011

Oil Rumor List Updated

I posted a minor update to the Texas oil rumor spreadsheet. Nothing substantial, I added one suspicious well (Bath Gas Unit B #10), updated drilling status and shuffled a couple of wells lower on the list.  While there has been ongoing conversation about oil under the Haynesville in the past few weeks, I have not heard anything new of substance and have therefore been silent myself.

As with all posts about the possibility of oil underlying the Haynesville formation in either Texas or Louisiana, please keep in mind that this information is mostly based on rumor, suspicion and analysis, not releases by producers.  Treat with appropriate skepticism.

10 comments:

Anonymous said...

VALENCE's sudden interest in drilling 5 wells right next to each is surprising. These wells submitted over a 2 week period in early March 2011 and they all go 4000 ft deeper than the Cotton Vally target. They are all labeled as permitted for gas only, however if they find oil/oily they will be forced to produce it lol.

Anonymous said...

How do you get oil at 300 degrees F? Did we suddenly get an uplift in Harrison County?

Anonymous said...

enjoy

http://books.google.com/books?id=AdoDAAAAMBAJ&pg=PA872&lpg=PA872&dq=is+an+oil+well+possible+at+300+degrees+f&source=bl&ots=b9TpDYn8yv&sig=3zR_3u0CrnM7ijM2UQSZcvz2YjI&hl=en&ei=TlHBTe7TOqT50gHW49m3Cg&sa=X&oi=book_result&ct=result&resnum=1&ved=0CBUQ6AEwADgK#v=onepage&q&f=false

Anonymous said...

Enjoy...

http://www.dcnr.state.pa.us/topogeo/oilandgas/sourcerock_maturation.aspx

Anonymous said...

Good link here on the oil maturation window...


http://www.dcnr.state.pa.us/topogeo/oilandgas/sourcerock_maturation.aspx

For me this rumor begs the question?

How do you get an oil bearing zone (supposedly in the Norphlet from what I've read) below the Haynesville which is primarily a dry gas producing interval at temperatures that are bumping up against the limits of the oil maturation window?

I’ll reserve some skepticism for now.

Anonymous said...

Seems like they plan to go to 16000 ft. GMX just subitted an application for the MERCER #15H. This will be a HZ well with an OIL/GAS target..

Anonymous said...

Actually GMX is going to 16,500 ft. This depth is interesting because Chevron changed the depth of two wells nearby in Panola county this Spring (while in the permitting process) from 10,500 ft to 16,500 ft. A coincidence?

Anonymous said...

Nancy Brewster #8
Completion Depth 10200 Haynesville
Permitted depth 12500 Wildcat

Bath B #10
Compeletion Depth 10300 Haynesville
Permitted depth 12500

Mack V. Runnels #9
Completion Depth 10300 Hayneville
Permitted depth 12500

The Bath B and the Runnels wells are right by the Brewster. Why would they be permited to go 2200 feet deeper if they didn't think something was worth looking for?

Anonymous said...

http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=HOLCOMBE&univDocNo=486563539

18700 feet!!!!

Holcombe XTO

Anonymous said...

GMX has also lost 90% of their stock value in the past three years. Not being a naysayer, but something to consider.