RE:RE:RE:RE:Clearwater 4 of the best 5 initial rate wellsPers, some additional info
"There is very little vertical well control. Their geologists did this blind, and so perhaps they missed the zone with a couple legs. A well with multiple legs like this could have some sacrificial legs to test the zone boundary. "
"Usually when you drill a horizontal well you want some older vertical wells nearby where you can "drive by" while going horizontal and correlate your depth/geology. Reduces risk. Seismic can be VERY inaccurate, if they even have it here. Seismic is a "tool" not a "truth"
Quite possibly more information on the call tomorrow. This is why they continue to drill and map it out.
As a starting point a great position imo
perstrudent wrote: Im still long too...They easily have 6 sections (4 wells per section) so 24 wells..of good wells...this will get them to 10,000bopd...but the question after that in 1 to 1.5 years..if stepouts dont prove as good they will have to drill and capex a lot more to maintain that 10,000 bopd...