http://www.laredopetro.com/news-and-events/events-and-presentations/corporate-presentations/barclays-ceo-energy-power-conference-september-2,-2014.aspx Latest from Laredo. The concept of production corridors is really interesting.
Just another way of stating that sweet spots exist in all these targeted formations. Underscores the reservoir heterogeneity issue that is common with these formations
Pioneer webcast from Barlclay's conference.
http://cc.talkpoint.com/barc002/090214a_ae/?entity=97_RYUX22J
the other webcast listed here
Can't seem to find RSP's webcast or transcript
What about this method of EOR Rockman?
The Benefits of Foam
In a study in October 2013, George Hirasaki, a Rice research professor of chemical and biomolecular engineering, explained the process: “We’re trying to understand how foam behaves in porous media because it is a way of making gas act like a more viscous fluid. Normally, gas has very low viscosity and it tends to flow through rock and not displace oil and water. Once it finds a path, usually along the top of a reservoir, the rest of the gas tends to follow. If there were some way to make gas act more like a liquid, to make it more viscous, then it would contact much more of the reservoir and would push the fluids out.”
http://www.oilandgas360.com/enhanced-oil-recovery-may-secret-weapon/
Thanks for the question about viscosity. Fascinating concept.
Been quiet here lately. Thought I'd add something to the discussion.
The question... Is this a good move for LINN or Exxon?
LINN Energy trading Permian acreage to Exxon for acreage on the South Belridge Field in California and some interest in oil field in the Hugoton gas field in Kansas and Oklahoma.
Permian acreage includes Midland, Martin, Andrews, Ector and Howard.
http://www.ogfj.com/articles/2014/09/exxonmobil-increases-wolfcamp-position-in-permian-basin.html
Encana to acquire Athlon. Suggests OG companies might be still undervalued.
Encana's presentation for the acquisition. Interesting heat map on page 5
http://www.encana.com/pdf/investors/presentations-events/20140929-announcment-permian-basin.pdf
Is the heat map on page 5 or page 4? How does one read the map on page 5? Where is the Deadwood area of Glasscock county on the page 4 map?
Earnest said:
Encana to acquire Athlon. Suggests OG companies might be still undervalued.
http://seekingalpha.com/news/2004985-diamondback-energen-could-rise...
Encana's presentation for the acquisition. Interesting heat map on page 5
http://www.encana.com/pdf/investors/presentations-events/20140929-a...
http://www.readbag.com/searchanddiscovery-documents-2011-20110allan... I will go with Exxon on this one. What sold me was Belridge had the tightest density of any U.S. field in 1990. Heck of a field. Google what Shell paid for Belridge in 1979.
Earnest said:
Been quiet here lately. Thought I'd add something to the discussion.
The question... Is this a good move for LINN or Exxon?
LINN Energy trading Permian acreage to Exxon for acreage on the South Belridge Field in California and some interest in oil field in the Hugoton gas field in Kansas and Oklahoma.
Permian acreage includes Midland, Martin, Andrews, Ector and Howard.
http://www.ogfj.com/articles/2014/09/exxonmobil-increases-wolfcamp-...
http://files.shareholder.com/downloads/LINE/3498270234x0x782457/82A...
Now if Mitchell and Scurry County can fill it up!
News of interest to all of us...
Jul 2008 / Jul 2014
Scurry: 1,265,566 / 1,389,048
Mitchell: 331,144 / 310,927
Sterling: 85,416 / 95,481
Borden: 301,340 / 288,173
Howard: 460,937 / 944,053
Glasscock: 301,567 / 1,450,956
Dawson: 350,180 / 313,394
Martin: 785,902 / 2,379,481
Midland: 956,154 / 2,121,507
Andrews: 2,038,230 / 2,925,058
Ector: 1,737,023 / 2,336,277
Terry said:
Now if Mitchell and Scurry County can fill it up!
http://www.ogfj.com/articles/2014/09/bridgetex-pipeline-begins-serv...
Interesting up ticks in several counties. Can “see” where new hz plays are working
Sumitomo to Probe $1.8 Billion in Shale And Coal Losses
By Ichiro Suzuki and James Paton Sep 29, 2014 5:41 AM CT
"
Sumitomo Corp. (8053) will set up a special investigation into how it lost almost $1.8 billion in Texas shale oil and Australian coal mining.
The probe comes after the company, Japan’s fourth-biggest trading house, cut its annual profit forecast by 96 percent after writing down the value of the two investments. Most of the losses were incurred at the shale oil project it shares with Devon Energy Corp. (DVN) of the U.S."
http://www.bloomberg.com/news/2014-09-29/sumitomo-to-probe-1-8-billion-in-shale-and-coal-losses.html
Anyone know where their acreage was? Rockman, is there any color you can add to the background?
If I remember correctly, Devon had 2 JV deals in the Permian (Midland Basin / Eastern Shelf). The Sumitomo JV was focused (pretty sure) on the Cline Shale area (Fisher, Nolan, Scurry, Glasscock, Eastern Shelf).
I will try to find some historical presentations that showed this JV footprint.
st said:
Sumitomo to Probe $1.8 Billion in Shale And Coal Losses
By Ichiro Suzuki and James Paton Sep 29, 2014 5:41 AM CT"
Sumitomo Corp. (8053) will set up a special investigation into how it lost almost $1.8 billion in Texas shale oil and Australian coal mining.
The probe comes after the company, Japan’s fourth-biggest trading house, cut its annual profit forecast by 96 percent after writing down the value of the two investments. Most of the losses were incurred at the shale oil project it shares with Devon Energy Corp. (DVN) of the U.S."
http://www.bloomberg.com/news/2014-09-29/sumitomo-to-probe-1-8-bill...
Anyone know where their acreage was? Rockman, is there any color you can add to the background?
You are the expert. How many are vertical vs horizontal? I didn't think to include peak month production in the set until after I posted.
Rock Man said:
Interesting up ticks in several counties. Can "see" where new hz plays are working
A field of tulips, maybe?
Earnest said:
Sumitomo to Probe $1.8 Billion in Shale And Coal Losses
By Ichiro Suzuki and James Paton Sep 29, 2014 5:41 AM CT"
Sumitomo Corp. (8053) will set up a special investigation into how it lost almost $1.8 billion in Texas shale oil and Australian coal mining.
The probe comes after the company, Japan’s fourth-biggest trading house, cut its annual profit forecast by 96 percent after writing down the value of the two investments. Most of the losses were incurred at the shale oil project it shares with Devon Energy Corp. (DVN) of the U.S."
http://www.bloomberg.com/news/2014-09-29/sumitomo-to-probe-1-8-bill...
Anyone know where their acreage was? Rockman, is there any color you can add to the background?
AJ,
I can tell you that as far as Dawson county is concerned, almost all that production is from vertical wells. HZ hasn't really hit Dawson as of yet. The southwest corner and the south central areas are just now getting explored. A few of these seemingly low producing counties might be in the same situation.
Would be interesting to know the ratio of hz vs vertical in each county, wouldn't it?
AJ said:
You are the expert. How many are vertical vs horizontal? I didn't think to include peak month production in the set until after I posted.
Rock Man said:Interesting up ticks in several counties. Can "see" where new hz plays are workingA field of tulips, maybe?
Earnest said:Sumitomo to Probe $1.8 Billion in Shale And Coal Losses
By Ichiro Suzuki and James Paton Sep 29, 2014 5:41 AM CT"
Sumitomo Corp. (8053) will set up a special investigation into how it lost almost $1.8 billion in Texas shale oil and Australian coal mining.
The probe comes after the company, Japan’s fourth-biggest trading house, cut its annual profit forecast by 96 percent after writing down the value of the two investments. Most of the losses were incurred at the shale oil project it shares with Devon Energy Corp. (DVN) of the U.S."
http://www.bloomberg.com/news/2014-09-29/sumitomo-to-probe-1-8-bill...
Anyone know where their acreage was? Rockman, is there any color you can add to the background?
AJ,
I don't understand your question as to vertical vs horizontal. Are you talking about the comparative production from the two years of info? If so, there is no way for me to address vertical vs hz without massive research. But odds are the older wells were almost all vertical while the newest batch has a large number of horizontal wells
AJ said:
You are the expert. How many are vertical vs horizontal? I didn't think to include peak month production in the set until after I posted.
Rock Man said:Interesting up ticks in several counties. Can "see" where new hz plays are workingA field of tulips, maybe?
Earnest said:Sumitomo to Probe $1.8 Billion in Shale And Coal Losses
By Ichiro Suzuki and James Paton Sep 29, 2014 5:41 AM CT"
Sumitomo Corp. (8053) will set up a special investigation into how it lost almost $1.8 billion in Texas shale oil and Australian coal mining.
The probe comes after the company, Japan’s fourth-biggest trading house, cut its annual profit forecast by 96 percent after writing down the value of the two investments. Most of the losses were incurred at the shale oil project it shares with Devon Energy Corp. (DVN) of the U.S."
http://www.bloomberg.com/news/2014-09-29/sumitomo-to-probe-1-8-bill...
Anyone know where their acreage was? Rockman, is there any color you can add to the background?
From the tracking I have done in Scurry and Mitchell county, Devon has drilled very few horizontal wells. Now there is a nice producing well in Mitchell that someone drilled that is rumored to be producing 600 barrels a day. Rockman has commented on that thread. In my opinion Sumitomo needs to hold Devon’s feet to the fire to DRILL!