Hey all,
I've cleared up a few additional things from that AKK report regarding the depth of the Brioche Project and how it compares geologically to AKK's project.
First of all I got puzzled by the AKK statement "In the AKK lease area the depth of the eagleford is 8200-8900 feet" (with their initial acquisition announcement stating 8000-12000)
And EKA's statement that the Brioche acreage "ranges in depth from 10,500 to 12,000 feet and displays the geological prerequisites seen in our existing Eagle Ford project areas" so I had a further look into it.
I was well aware that the depth of the Eagle Ford Shale differs substantially in certain areas, however it seems I under-estimated just how greatly it can differ!
As seen in this image (of AKK's Burleson acreage), the EFS can dip quite steeply over a short interval.
[URL=http://imageshack.us/photo/my-images/18/picture2th.jpg/][/URL]
(page 67-69 of the AKK Resource Evaluation announcement)
Here's a map of EFS well depths
[URL=http://imageshack.us/photo/my-images/600/picture1tg.jpg/][/URL]
This bodes well for EKA holders as technically the '10,500-12,000' feet deep wells should out-perform the shallower EFS wells, assuming that the other drilling/fraccing methods and conditions are constant.
So in other words AKK who are drilling 3 Burleson wells (commencing in July, with 1 of those 3 wells being horizontally drilled and fracced using the 'Hi-WAY' method) will give us a good sniff at what is down there, however I assume that our wells should 'technically' have greater production potential than their shallower wells (assuming the drilling/fraccing practices are the same). It will be very interesting to see their results in the area.
*note I'm only referring to the 915 acres AKK have acquired which were used in the study, not the other 4,000 acres in the area which they've got rights to. I don't think it's quite been announced where these leases are located in comparison*
Here's what a Geologist who posts on an Eagle-Ford Shale lease forum (going out of his way to provide some info to land-owners) stated which relates to eagle-ford depths.
"There is beginning to be some concensus that being at or near the oil/gas contact (but still in the oil "window") at deeper depths, is where the better wells are being made because the gas to oil ratio is higher and the estimated recovery rates per well are higher because associated gas keeps oil moving towards the wellbore. Some folks are beginning to see that updip wells at shallower depths don't have high GOR and won't have good recovery rates. Clayton Williams drilled some horrible shallow, updip wells and has taken all his drilling rigs out Burleson County, etc. back to W. Texas."
Credit goes to "Mike" whose original post can be found here http://www.mineralrightsforum.com/forum/topics/fayette-county-tx-oil-gas?xg_source=activity&id=4401368%3ATopic%3A3525&page=65#comments
Hopefully this may clear a thing or two up for you as well.
Enjoy.
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