Tuscaloosa Marine Shale update from Denbury – Devon – Goodrich

by Kenneth E. DuBose on August 10, 2011

Operators are beginning to disclose more on the Tuscaloosa Marine Shale. You can read more and discuss your lease rates and drilling activity at Mineral Rights Forum’s Tuscaloosa Marine Shale Group.

Denbury Resoureces didn’t give us too much guidance, but did announce that Encana is their new partner in the Tuscaloosa Marine Shale.

Well, the only update we can have is that our partner is EnCana. But that has not to release any well results until they’re ready. Well, we can’t really release any well results.

Read the full press release at seekingalpha.com

Devon Energy recently completed drilling a test well. The company will test its Tuscaloosa Marine Shale core samples before going forward with a horizontal well in the play.

We’re also moving forward with the testing of our new venture plays. These include the Tuscaloosa, the Niobrara, the Mississippi Lime in Oklahoma, the Ohio Utica, and the A1 Carbonate and Utica in Michigan.

And finally, in the Tuscaloosa Shale play located along the Louisiana and Mississippi border, we recently completed drilling, coring and logging operations on our first well, the Lane 64-1. This is a vertical well that we drilled to obtain data. The rig has now moved up depth to the Beech Grove 68 1H (sic) [ 68H-1 ] where we plan to gather additional core and log data before drilling the lateral and completing it as our first horizontal in the Tuscaloosa.

Read the full press release at seekingalpha.com

Goodrich Petroleum has added to its acreage position and will continue to acquire leases until the company commences exploration operations in 2012.

The Company has increased its investment in the Tuscaloosa Marine Shale trend, and now owns approximately 79,000 net acres in the play at an average purchase price of$175 per acre. The Company anticipates commencement of exploration and development operations on the acreage in 2012.

Read the full press release at GoodrichPetroleum.com

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