
Queen’s Chess: Changing the Rules
There’s a popular response to the inexplicable: “I don’t know. I don’t make the rules.” But what is known with certainty, as shown throughout history, is that we can change them.
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The author of The American Shales, Darbonne has been a journalist since 1984, beginning in the oil and gas fields of South Louisiana. She writes for Oil and Gas Investor and is actively involved in Hart's conference agendas. Prior to joining Hart in 1998, she was the business editor for The Daily Advertiser (Lafayette, La.) and a correspondent for The Morning Advocate (Baton Rouge). She received her BA in English and journalism from the University of Southwestern Louisiana, now known as the University of Louisiana at Lafayette.
There’s a popular response to the inexplicable: “I don’t know. I don’t make the rules.” But what is known with certainty, as shown throughout history, is that we can change them.
“This increase in activity is from zero to ‘some’ activity. I wouldn't characterize this as ‘leaning into’ a gas market,” Shane Young, Coterra Energy’s CFO, told investors.
With 57 wells already in one “row” development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells.
An initial SM Energy test made 250,000 boe in its first eight months online. Vital Energy is reporting more than 150,000 gross boe per 10,000 ft of lateral in its first-six-month output.
SM Energy reported geologic variability in deposition in the new play in southern Dawson County, Texas, but “it's really competitive.”
Shallow tests came on with 685 boe/d, 95% oil, while deeper new wells averaged 1,366 boe/d, 92% oil, from two-mile laterals, SM Energy reported.
Operator Comstock Resources is ramping to four rigs in its half-million-net-acre, deep-gas play north of Houston where its wells IP as much as 40 MMcf/d. The oldest one has produced 18.4 Bcf in its first 33 months.
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