Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Shlumberger, Halliburton and Baker Hughes do drill wells mostly outside of the US. It is called total project management.
Do the leases in East TX have depth restrictions? If not Treaty will have the opportunity to make big bucks when the price of natural gas goes back up.
You just said it yourself. Oil can move until it finds a trap. The source rock for the Alaska north slope is the shale that they are just beginning to explore or take a look at the oil deposits trapped next to huge salt domes in the Gulf. It is possible the wells in Belize are being fed from a formation to the east and the rock below and to the west has provided that trap.
It is not the end of the world if a well does not flow at a high rate on its own. I've seen wells that do not produce much without a pump but will produce 1000 bbls a day with one. I know that will not happen here but all this speculation by the so call experts here drives me nuts.
I would hope so. At 2600' they should be able to drill two a week.
Are saying that they have a flow or increased pressure from the well being drilled now? If so where did you read it?
Good luck. I have had a 4.5M sell order in at .0001 for a looooong time.
I finally got something from this stock. Someone on this board recommended Treaty Energy and it looks like a winner.
Excuse my French but F@%$ YES!!!!
I want these guys to drill a great well as much as anyone but unless the oil is blowing out of the well there is no way to know how much it will produce until you let it flow or pump it.
As if we really have a choice.
Not good for education. The things those guys did wrong could have killed them all.
You guys need to relax and realize that exploring a new area for oil and gas never goes exactly as planned and there are always cost overages. You cannot have a drilling sitting around just in case you need it. These things are not free. I have worked in this business for a very long time and this is normal.
I did not notice that the first time I read it. Could it have been a typo and it is actually MMCF. I would not think anyone would waste their time drilling a 10,000 foot well for 11 MCF.
If we can drill in south Louisiana they can drill on that location. From the looks of the pictures they do not have rig mats on the ground. This would help distribute the weight of the rig. We use very large rigs on marsh land here in the US.
Don’t you know it never rains and there ain’t no Sundays in the oil field?
Is the Haynesville Shale productive in this area.
Yes but what size hole. The smaller the casing the more you are limited when you complete the well.
That rig is really small. I hope they don’t have to go past 3,000’.
I have been trying to sell 4.3 mil shares for the last three months and have sold none. I do not know where these large numbers of bought and sold are coming from (or at what price). It seems a little odd to me.
I hope so. Oil companies have a long history of being reactive and not proactive when it comes to the local population. Most people around the world are the same. Give them the opportunity to work and make a good living and you will be welcome.