Friday, May 10, 2013

Tuscaloosa Marine Shale -- For The Archives

Other Sources


 Updates


January 9, 2015: can the Tuscaloosa Marine Shale survive? -- RBN Energy.

November 29, 2014: a nice conversational opinion piece on the TMS. Nice to see cool heads. 

August 22, 2014: Zeits reports on another nice Halcon well in the TMS.

May 8, 2014: GDP 1Q14 earnings transcript; Halcon spikes 10%.

March 19, 2014: SeekingAlpha notes that Halcon has significantly increased its mineral acreage in Tuscaloosa Marine Shale; note the Crosby well -- 154,000 bbls in one year; 

February 27, 2014: a human interest / update of the Tuscaloosa Marine Shale.

November 13, 2013: RBN Energy, part 2, Tuscaloosa Marine Shale

November 7, 2013: RBN Energy begins a new series on the Tuscaloosa Marine Shale

August 26, 2013: from EOG at SeekingAlpha:

  • The complexities of the Tuscaloosa Marine shale - including a softer rock that won’t easily release the oil it hoards - have been difficult to solve, but Goodrich Petroleum, which recently purchased part of a 277K-acre Tuscaloosa leasehold and seven wells, thinks it has cracked the code.
  • GDP seems off to a good start: Its Crosby well produced an average of 1,137 bbl/day during its first 30 days of production.
  • Meanwhile, Indigo Minerals, with nearly 300K acres in the formation, hopes partner EOG Resources also will break through in the Tuscaloosa.

Original Post
Rigzone is reporting.

Data points:
The Louisiana Geological Survey more than a decade ago estimated that the Tuscaloosa Marine shale might contain 7 billion bbl of recoverable oil. They estimated that the shale is 50 ft thick or more across 3.8 million acres in central Louisiana and southern Mississippi.
The first modern exploratory wells have been drilled in the play only in the last 3-4 years with the evolution of horizontal drilling combined with multistage hydraulic fracturing.
Many consider existing Mississippi EOR policy to the best in the US, the MDA said, but House Bill 841 decreases the sales tax paid on electricity to 1.5% for oil and gas produced in the state using CO2. The bill will benefit Denbury Resources Corp., which has an extensive integrated CO2 EOR program in Mississippi fueled by CO2 from Jackson Dome that is injected into oil producing fields in Mississippi and other states.