Australia's largest stock trading and investment forum Australia's #1 stock forum

TIH

0.00%

0.0¢ tillegrah limited

4th March Corporate Presentation, page-231

First 231 Last

Share
Profile

Follow
Northen_munky

9,890 Posts.

1476

20/03/16

15:04

Post #: 17321684
Share

Originally posted by olderwiser ↑

Given the need for growth in proppant consumption this has to be good for LWPs prospects. Copied from another share forum

This is of interest as we are in shale?
Information, offshore oil is dead it's to expensive, shale with new technology.
In 2016 Rystad predicts investment will be greatest in the Eagle Ford play in South Texas ($11 billion) followed by investments of $7 billion in each of the Permian Midland, Bakken and Permian Delaware shale plays. The Marcellus play in Pennsylvania is expected to see $6 billion in 2016 investment, the Niobrara will get $4 billion in new investment and Canada’s Montney shale should also see new investment totaling $4 billion.
Rystad also benchmarked well costs for three large U.S. producers. EOG Resources Inc. (NYSE: EOG), one of the largest producers in the Eagle Ford play, spent an average of $6.7 million per well in 2015, and the company’s well cost per barrel of oil equivalent is $8.60, based on the number of barrels it expects ultimately to recover. Encana Corp. (NYSE: ECA) is the largest producer in the Montney play and its per barrel costs are identical with EOG’s. Anadarko Petroleum Corp. (NYSE: APC) is the largest producer in the Niobrara shale play and its per barrel costs total $10.60. Total per barrel costs are computed on the number of barrels per lateral foot and the number of feet drilled per day.

Direct copy from LSE, I haven't checked the figures but it food for thought if close to the money

Expand

88E are in the process of checking out recoverable oil the figures being posted around 28 billion barrels of oil with 10% recoverable = 2.8 billion barrels, that's right 2.8bl and it's a frack play ...

Regards

LWP Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

HCL

HighCom receives new body armour worth just short of $9M

From the Floor with Kim Beazley at Diggers and Dealers 2024

Your questions From the Floor: Fenix Resources (ASX:FEX)

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

APS

Allup Silica spotlights ilmenite in acquisition of WA valuable heavy mineral sand project