Wednesday, April 24, 2013

One Louisiana Completion (and the Gods of Irony)

  • O E Moore 1 #2-ALT, SWEPI, LP: 14.537 MMcf/day IP on 21/64 in. choke at 7,465 psi; Perfs: 12,990-17,605, length: 4,615 ft.; Bracky Branch Field, Red River Parish, S36/T14/R10; res. A, serial #244174
Interesting - a couple of weeks ago I commented that the backlog of Louisiana Haynesville Shale wells that were drilled but not completed had been in steady decline over the past year.  Somehow the gods of irony are among the seven people who actually read this site and decided to teach  me a lesson by choking off new completions.  The above completion is the only one that has been reported by the Louisiana DNR for the past two weeks.  They really got me, huh?

I think the trend is still generally true, and it's partially because companies that want/need new production from the Haynesville are more likely to complete an existing drilled well than spend +/-$9 million to drill a fresh one.  That logic only holds, however, if the prospective well is located in a highly productive area.  A bunch of those non-completed wells likely will languish for quite a while if they are in less choice areas.  The list won't go close to zero, but it probably won't have much  low hanging fruit left in a few months.

9 comments:

Anonymous said...

Robert,

The number is eight. There are eight people reading this including me.

Please keep up the good work.

Duane

Anonymous said...

I think you are well on your way to having 10 hardcore fans, well maybe by years end.

In joy your wordsmithing.........

Anonymous said...

Nine. Your work here is greatly valued by me.

Anonymous said...

I am reading it too!

Robert Hutchinson said...

Thanks - I feel less lonely now!

...but how do you know that you are not all part of the seven? :-]

Anonymous said...

Wassssssss up #11 here. Keep up the good work.

Anonymous said...

Keep up the good work. I really enjoy the blog!

Anonymous said...

More than seven people read this blog! -
And why don't you post a bitcoin address (with QR) so that we readers can conveniently tip you for all your work.

Anonymous said...

I too am a fan of your blog and a regular follower. I post anonymously becuase of the simplicity but my name is Jason and I live in Houston. I will be sure to include my name if I have any future comments.