Tuesday, June 14, 2011

Oil Rumor List Updated

I updated the "Oil Rumor List" with the new permit this week for GMX Resource's Bennett #2 in Harrison Co.  It will be a vertical well to 14,500 feet, with the lowest layer classified as Wildcat targeting oil or gas.

7 comments:

CTOP said...

I have a map showing the 5 GMX vertical wells permitted since May 10th.

http://chart.ly/6gch6gy

Two are 7000 ft verticals and 3 are 14000 ft verticals The Bennett #2 appears to be a new well not a recompletion. This I suspect will cost a lot more than a recompletion. They must have a good reason to spend the extra money. Maybe it is just location, location, location.

Anonymous said...

I got two confirmations today from individuals in the business, both confirmed that there is oil under the Haynesville.

CTOP said...

Can you provide a few more details of what you heard?

Anonymous said...

One individual told me it is hot, and tight sand, expensive to get but there. The other said that this was going to be the new boom around here. Both confirmed the Norphlet as the zone.

Robert Hutchinson said...

Any more intel on where it is located geographically? Anything to Nacogdoches rumors?

Jeff said...

"The other said that this was going to be the new boom around here." Did he work for GMX, or is this just wishful thinking? Not surprising the worst operator in ETX is banging the drum on a play there is no data for. If this norphlet is like other norphlet, it will be a structural play, unlike the haynesville. What formation is sourcing it? Sands stones dont self generate oil, and since its bound on the bottom by the Luanne Salt I'd like to know where its migrating from. Too many fishy questions lurking around this play for it to be taken seriously at the moment.

Anonymous said...

No they don't work for GMXR.