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Tuscaloosa Marine Shale Picking Up in LA and MS

by Kenneth E. DuBose on July 3, 2011

The Tuscaloosa Marine Shale is still unproven, but several companies have expanded into the play.  Devon Energy has a test well planned that should shed a little light on where this is going.  Well results should be released by the end of the year.  Leasing rates and bonuses haven’t risen as high as other hot plays, but if a few wells come in it will pick up.

“Several companies have announced acquisitions of oil and gas leaseholds in the Tuscaloosa Marine Shale area, which stretches from Texas through the center of Louisiana and into southwest Mississippi.”"Goodrich Petroleum Corp., an independent energy producer, said last month that it had leased 74,000 acres in the Tuscaloosa Marine Shale for about $13 million, or about $175 per acre, with plans to begin development early next year. And in May, Devon Energy Corp. said that it will drill a pair of horizontal wells after accumulating 250,000 acres, at about $180 apiece.”

Read the full news release at nola.com

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