Wrap – Week Ended 05/25/12

Print Friendly, PDF & Email

Pretty hum drum week that was,  with a few circles of interest. 

15 Responses to “Wrap – Week Ended 05/25/12”

  1. 1
    zman Says:

    Question from the Friday post:

    Wyoming – do you know of any operators or plays were someone has had consistent success with vertical and horizontal combination completions. Jy, Geno, Reef , others feel free to chime in. 

    Answer from Wyoming

    Not sure if you are talking about commingling flow from separate reservoirs 1 horizontal and 1 vert?

    If so, not that I am aware of. Not to say it can't be done but there are some regulatory hurdles.  More than likely an issue if the vert layer is way higher than the lat or definitively different.

    Also, depending on the distance, you would get into some arguments about the same hydrocarbons coming from both reservoirs and if the vert is economical, then just drill those as they will be much cheaper.

    Usually, if your economics say you need a horizontal, then you start dealing with multilats if you target unconventional.  Lots of examples of these such as the Austin Chalk in LA (Swift did some in Brooklyn can't remember correct spelling but not same as town)

  2. 2
    zman Says:

    re 1 –

    – Yes, commingling from separate zones.   It's in Louisiana so they can do this now from a regulatory standpoint.  

    – MPO is the name in question, this is Wilcox, tight, oilier than not. 

    – Distances from the deep lateral and vertical likely to be quite a ways apart (likely several thousand feet but could be quite a number of vertical penetrations), was more concerned about the mechanics of the plumbing.

    – easily seen structure on 2D, refined on 3D to help land the lateral

    – Plan to frac the lateral and the verticals, no carbonates, no natural fracturing really expected.  Thinking here is you have lots of stacked pays (sands in this case) with the fatest one being also the deepest, so go after that with a lateral and tag stringer sands uphole.  

    Thanks man if you have any thoughts on how hard the plumbing will be to get right. 

  3. 3
    elduque Says:

    Denver 1700 hours May 27th, 2012, Perth 0700 hours May 28th, 2012
    Samson Oil & Gas Limited (ASX: SSN; NYSE AMEX: SSN) provides advice on its current projects.
    Spirit of America US34 #2-29, (SSN 100% WI)
    The Spirit of America #2 well has set intermediate seven inch casing at a depth of 9,130 feet, which completed a significant milestone in securing the Permian salt section behind pipe. This depth is 60 feet deeper than the point at which the first well was abandoned, which did not penetrate the two 3-D seismically defined targets. Drilling operations re-commenced and the shallowest primary target in the Permian section was intersected at 9,287 feet and an interval of unconsolidated sandstone was drilled between 9,304 and 9,320 feet. A significant amount of free oil was recovered from samples within this interval. A signification oil show was also recorded over the interval 9,393 and 9,430 feet in a shaly siltstone. The well at 0600 hours this morning was drilling ahead at 9,441 feet after completing a repair to the top drive. The forward plan is to drill ahead to evaluate a deeper target prior to a total depth of approximately 10,750 feet. A comprehensive geophysical logging suite will be run at total depth.
    Australia II 12KA 6, #1-29H, (SSN 100%, subject to a 33.34% back-in right)
    The work-over rig has completed its work on the Australia II well and the well bore is ready for production. Surface facilities and the well hook up have been completed and the well began pumping Friday May 25th. The well-produced approximately 500 bbls of mostly completion fluid during the first 24 hours, and will be evaluated over the next few weeks and we will report the wells oil production potential when known.

  4. 4
    Wyoming Says:

    On a quick thought, the plumbing should be relatively simple.  I would be thinking offshore with a dual type of configuration or a single selective.  COuld be as simple as just commingling but like I said the reservoir behavor will be much different in the vert portion vs the lat. Economics will be the final judge.

  5. 5
    zman Says:

    re 3 – nice

  6. 6
    Zorgnak Says:

    S&P 500 Futures Key Weekly Volume Profile Levels/Thoughts
    Market is trading in a rough balance area from 1290-1325. Major acceptance(1304.75) remains the pivot point for major price
    action. Last week inventory/acceptance above 1304.75 began to build around 1315.75 in anticipation of an oversold bounce. Rally attempts
    outside of regular trading hours briefly crossed resistance(1325.50),retracing with Euro weakness. Expect rallies above 1325.50 during
    regular trading will be short lived and slow at first congestion (1335.50) with resistance at 1342 and 1346.75. Market needs to extend gains
    above 1315.50 or risk falling back into major acceptance at 1304.75. Below  1304.75, 1275.25 CLVN and the 200 MA remained untested targets.
    Key  tells remains the Euro political/economic news, EUR/DXY

    CLVN= Low Volume Rejection Area – CHVN = High Volume Acceptance/Congestion
    1353          Congestion, CHVN
    1347          Resistance, CLVN
    1342          Resistance,Minor CLVN
    1335.50    Congestion, CHVN
    1325.25    Resistance CLVN
    1304.75    Major Acceptance, CHVN 1290-1304 Major Congestion
    1275-77    Minor Support, 200 Ma
    1263.25    Key Support

  7. 7
    Zorgnak Says:

    S&P Futures Chart for #6

  8. 8
    Zorgnak Says:

    Key Euro Levels..
    Euro trading in a range 1.2505-1.2614. Below key support (1.25) is a large volume gap with little defined support. Key resistance on any bounce is 1.2614.
    Expecting a break of either level would be significant.


  9. 9
    Zorgnak Says:

    From ASPO
    Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
    1. Norway – $10.12/gallon
    2. Turkey – $9.99/gallon
    3. Netherlands – $9.13/gallon
    4. Italy – $9.01/gallon
    5. Greece – $8.95/gallon
    6. Denmark – $8.82/gallon
    7. United Kingdom – $8.76/gallon
    8. Sweden – $8.70/gallon
    9. Eritrea – $8.70/gallon
    10. Belgium [£1.40/L] – $8.64/gallon

  10. 10
    Zorgnak Says:

    Canadian Natural Resources has rolled out two key numbers: 85 and 75. Réal Cusson, the company's senior vice president of marketing, told investors where the price of oil must trade in order for energy companies to make a go of it in the oil sands and shale gas formations.

  11. 11
    brodway Says:

    re: 9
    the would that really was surprising is Turkey. they are right next door to Azeirbaijan and Iran, i would think their price should be lower than $10 a gallon

  12. 12
    brodway Says:

    my typing sucks after a long weekend. time to drink water, the other white liquid.

  13. 13
    Augusto Meoli Says:

    Re: 9 I am Italian and although the price of gas is high, most cars run on diesel and the average mileage is 40 miles per gallon. The cost is mostly  due to a consumption tax. That is the only way to force people to pay taxes in some Countries!

  14. 14
    brodway Says:

    interesting that NOG short position only decreased about 165k shares as the stock came down. not sure why the shorts would not take advantage of weakness as they did in the month prior.

  15. 15
    nrgyman Says:

    Informative article on Seaway reversal effects:

Leave a Reply

Zman's Energy Brain ~ oil, gas, stocks, etc… is is proudly powered by Wordpress
Navigation Theme by GPS Gazette