How does the Midway thing go again?
Mosh used to have it w/50% royalty interest.
So, they lost it or suffered a reduced status..
Now there is a possibility or likelihood of getting it back.
So was that a hurricane thing or PXD pulling the wool over...
So does pxd have it right now or I guess I am not as clear on the status as I thoght.
I also recall something about if a given block isn't producing that the state takes it back. That was just for the other wells right? or midway too. Is that how pxd got it?
Then there was the hurricane. So shouldn't the state consider such things? I mean ERA (energy resources of australia) got to declare "force major" when their mines got flooded by a cyclone. fcx got a break with a cave-in a while back, etc.
Another thought - a little disorganized here. tired i guess..
Somebody posted that heat and pressure in Midway collapsed the casing? Seem like PXD (who presumably installed) did kind of a slip shod job - seems like they could have used a stronger hi-temp casing...
One last stray thought - with all that heat and pressure in deep gas wells, even if they hit a dry hole somewhere, I wonder if anybody considers lowering a geo-thermal unit down there and using it to generate power. Other rigs in a given drilling area presumably need power even if they didn't sell it outright... - like i say, just a stray thought...
