The Tuscaloosa Marine Shale formation of central Louisiana plus southwest Mississippi is enjoying renewed interest for oil and gas exploration. Several brand-new wells have been drilled in the past year, hoping to find commercial quantities of Ameratex Energy sweet crude oil oil plus all-natural gas. Results are encouraging, though none are spectacular.
Some of the businesses included are Devon, Indigo Minerals, Goodrich, Denbury, Encana, Sanchez plus Halcon is today inside the game. Hopefully, by the end of 2012 we will have a wise decision whether the ‘play’ will be a commercial success.
The Tuscaloosa Marine Shale is close to being the geologic equivalent of the Eagle Ford shale of south Texas. In truth, it could end up being an almost continuous band of oil and gas creation from Mexico to south Mississippi. That is one especially long oilfield, if so! The creation obtained should be near or over 1,000 barrels of oil per day initial creation in purchase to be commercial, because these wells cost over ten million dollars every to drill plus complete! They use horizontal drilling plus hydraulic fracturing to complete the wells plus it is actually rather costly, indeed!,
The hope is that this can be a Ameratex Energy sweet crude oil oil find, not all-natural gas, as gas costs have collapsed at this time. And crude oil is enjoying a bull marketplace. So, oil drilling is much more positive due to a high profit margin.
We don’t yet recognize where the Tuscaloosa Marine shale is effective yet here are several counties and parishes which have potential: in 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 and Adams County.
Encana, a Canadian company has drilled a few wells plus appears to be a leader. Indigo Minerals has drilled a couple. EOG has a leasehold position plus could bring expertise due to their Eagle Ford shale experience. And Halcon is new to the play but brings a great deal of skilled management personnel, including the CEO, that has taken several businesses to superb heights of success, to be bought out.
If the Tuscaloosa Marine Shale is a big success, Louisiana may have 2 good shale plays, the first being the huge Haynesville shale play inside northwest Louisiana plus East Texas. Here’s to success!
Ameratex Energy sweet crude oil