Tuesday, November 15, 2011

Oh My God . . .

Just recieved a report from Haynesville Shale Forum that LaCour #43 well is producing 3,000 barrels of oil per day (B0PD). A bit of caution, in that the Anadarko well in Avoyelles reported initially 2,000 BOPD and it turned out most of it was water. It got rechecked and it is producing a little less than 800 BOPD and the remainder was water. Later it slowed down on the water to something less than 300 barrels of water per day. Of course 800 BOPD oil per day is not shabby. That would be around $8,000 per day at $100 a barrel price.

None-the-less, that is a whoppa of a well in Avoyelles Parish. I am sure there will be more information available shortly. Right now there is nothing to be found in SONRIS Lite, this data came out of SONRIS, the full time Louisiana Department of Natural Resources data base. So I expect in a couple of days there will be more information on Sonris Lite. Then I will know more.

This is terrific news for all of Pointe Coupee. It means another oil boom is underway. And this one is bigger than ever before. Technology has caught up with three dimensional siesmic analysis and more extensive horizontal drilling coupled with fracking technology improvements. As gas is declining in the Judge Digby Field, oil is cropping up in the LaCour Field.

This an Austin Chalk zone well. In my presuit of information I have found that the Austin Chalk sits atop the Tuscaloosa Marine Shale (TMS). TMS is coupled to the Eagle Ford formation in Texas, another oil boom zone. TMS is the hot topic in West and East Felecianas and going on Eastward. It extends South to East Baton Rouge (only the Northern extremes around Zachary and over towards the Mississippi River. For example, the Mississippi River bottom has been leased by the State of Louisiana from around St. Francisville Southward past the new John J. Audobon Bridge.

I am sure North Pointe Coupee is going to be turned into a lease bonaza. Perhaps all along the Mississippi River in what is locally known as Pointe Coupee. These wells are not as deep as the Tuscaloosa Trend but are plenty deep.

The horizontal lateral of the LaCour #43 is a little more than a mile long. The depth of the well is about 16,300 and the total is around 22,000 feet. As far as I can determine it is drilled toward the East at maybe an angle of 95 or 100 degrees from the North. So it is on a slight angle down from due East. I would not be surprised that the next well be located in the forebay of the Morganza Spillway.

Maybe out turn has come. We shall see.