Tuesday, June 21, 2011

Another Brewster #8 Data Point

This morning I noticed an earlier completion report for the (in)famous Valence Operating Nancy Brewster #8 well that is at the center of the deep oil rumor circulating in east Texas.  The report was filed 3/25/2011 and memorializes a 12/20/2010 completion that was shut-in.  The well was plugged at 12,036 to 12,148 feet but not perf'd.

I don't see any big revelations here, as there was no perf activity, but since there seems to be a lot of excitement about this well, I wanted to make note of this document.  Here is the link to the other paperwork associated with this filing.  Here is a link to all of the paperwork for the most recent filing for the perf'd completion I referenced yesterday.

Taking a moment to play Devil's Advocate, I wonder if some of the excitement is misplaced and the shallower Cotton Valley is the actual target for liquids since the formation is productive for liquids in the area.  Just sayin', you know...


Anonymous said...

I find it interesting that GMX would cancel a well permit that they received on Jan 17,2011 for the 13000 ft HZ gas well SHAW-BENNETT (ALLOCATION) #9H so that could use the same hole location to drill BENNETT #2. Bennett is a 14,500 ft vertical targeting oil.

This well is on the western most portion of GMX acreage and as close to the Nancy Brewster as practical.

Based on the spud date from Baker Hughes Rig report GMX should be done drilling the Bosh 2A recompletion. Any word on it?

Anonymous said...

They could be listening to the rumors and coffee talk going on for months and gambling millions of dollars or maybe they have some geologists who think there maybe something to a zone called the Norphlet and maybe just maybe there is something worth investing to look into it.

Anonymous said...

In a prior post someone brought up these 12000 ft vertical STM wells in Marion County which were permitted in May 2011. All 7 of them are targeting oil and gas.

A look at the Map shows they are in the northerly band up from the Nancy Brewster that was mentioned yesterday. Curious.

I don't know if I am being overly suspicious but GMX moved some labels on their Texas acreage map in the very latest quarterly report covering up these areas. Not much else was changed on the presentation slide, however they did cover up their leasehold in the area of the STM wells. Anyone know if they are looking to lease in this area?