not about this drill in the Austin Chalk, which so far goes smoothly and hope it continues to do so, but a snippet regarding the TMS from Sanchez Energy (an EFS focused E&P)
"... The Tuscaloosa assets were acquired by one of Sanchez's brothers, who had bought a company in bankruptcy. The company currently holds interests in 65,000 acres, where companies such as Encana, EOG Resources and Goodrich are active. While the Tuscaloosa assets show promise, Sanchez has held off drilling due to the play’s $12 to $15 million per well cost and mechanical difficulties. The initial wells in the play have been problematic, but Sanchez believes the Tuscaloosa could potentially turn into a world-class play.
For the time being, Sanchez is "incubating" these assets until a better idea of the well costs and production curves are known, but foresees them to potentially become another growth vehicle for the company..."
