The Tuscaloosa Marine Shale formation of central Louisiana and southwest Mississippi is enjoying renewed interest for oil plus gas exploration. Several unique wells have been drilled in the previous year, hoping to obtain commercial quantities of Ameratex Energy alabama oil and gas board oil and natural gas. Results are encouraging, though none are dazzling.
Some of the firms concerned are Devon, Indigo Minerals, Goodrich, Denbury, Encana, Sanchez plus Halcon is today inside the game. Hopefully, by the finish of 2012 we’ll have a wise decision whether the ‘play’ is a commercial success.
The Tuscaloosa Marine Shale is close to being the geologic equivalent of the Eagle Ford shale of south Texas. In fact, it can end up being an almost continuous band of oil and gas production from Mexico to south Mississippi. That might be one surprisingly extended oilfield, when so! The production obtained should be near or over 1,000 barrels of oil a day initial production in purchase to be commercial, because these wells cost over ten million dollars each to drill and complete! They use horizontal drilling plus hydraulic fracturing to complete the wells plus it happens to be really costly, indeed!,
The hope is that this usually be a Ameratex Energy alabama oil and gas board oil find, not all-natural gas, because gas costs have collapsed at this time. And crude oil is enjoying a bull marketplace. So, oil drilling is a bit more favorable due to a high profit margin.
We don’t yet recognize where the Tuscaloosa Marine shale may be effective but here are some counties plus parishes that have potential: inside Louisian… Vernon Parish, Rapides Parish, Avoyelles Parish, St. Landry Parish, Catahoula Parish, St. Helena Parish, Allen Parish, Concordia Parish, West Feliciana Parish, East Feliciana Parish, Tangipahoa Parish, Point Coupee Parish. In Mississippi, Wilkinson County, Amite County, Walthall County, Pike County plus Adams County.
Encana, a Canadian business has drilled a few wells plus appears to be a leader. Indigo Minerals has drilled a couple. EOG has a leasehold position and may bring expertise due to their Eagle Ford shale experience. And Halcon is unique to the play yet brings a great deal of skilled administration personnel, including the CEO, that has taken many companies to excellent heights of success, to be purchased out.
If the Tuscaloosa Marine Shale is a big success, Louisiana usually have two perfect shale plays, the initial being the huge Haynesville shale play in northwest Louisiana and East Texas. Here’s to success!
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