Replies to post #4031 on SandRidge Energy, Inc. (fka SDOCQ)

[oilfieldmafia]

Here's the deal with well cost. For example i worked in the Eagleford Shale (South Texas) when it first kicked off. Average depth per well there was around 15,000 Ft (2.5 weeks of drilling on average) The average cost there was between 4-5 Million. Eagleford has basically died out (FOR NOW). You have other shales which depending on the Shale pocket can range from 15,000-30,000 depth. Obviously the deeper you drill the more it costs.

The wells will not get shut down, look at the whole fracking/contaminated water issue a few years back. The oil industry has huge pockets and expensive lawyers. I wouldn't concern yourself with any lawsuits.

[~ Blue ~]

SDOC's well cost under 2.4 million