October Production Summary
October, 2014 TMS Oil Production Summary
The 2014 year has been very eventful and I’m working on a summary of activity for the year. In so doing I decided to summarize the production numbers for the month of October and share it with you.
Here you go!
(By the way, after posting this, I realized it doesn't show up well on phones...I apologize...still learning stuff everyday. I'll try to do better next time.)
Barrels of Oil Goodrich Encana Halcon Sanchez
County/Parish Per Day October .…Total Barrels Produced for the Month …
West Feliciana 430 13,317 13,317
East Feliciana 344 10,655 10,655
St. Helena 195 6,050 2,361 3,089
Tangipahoa 346 10,711 10,711
Wilkinson 4,945 153,302 65,611 33,798 41,894 11,999
Amite 4,290 133,003 65,349 67,564 -0 - -0-
Totals 10,550 327,038 168,094 105,051 41,894 11,999
Note that I, once again, have ignored production, if any, from the west side of the Mississippi River.
My position is that this area has never had enough production to suggest a possibility of commercial development. If things change at some point in the future, I’ll change my approach to information provided.
These numbers are from “producing” wells, which by my definition were wells that produced oil in October of 2014. There were some wells that did not produce oil in October 2014 that likely will be do so in future months. For example, we hope the Pintard 28H-1 will return to production in January.
According to my criteria, however, the number of producing wells in October, 2014 is summarized as follows:
County/Parish Total Goodrich Encana Halcon Sanchez
West Feliciana 2 2
East Feliciana 3 3
St. Helena 4 2 2
Tangipahoa 3 3
Wilkinson 12 4 2 5 1
Amite 20 7 13 -0- -0-
Totals 44 21 17 5 1
I fully expect these production numbers to rise through the month of February of 2015. It wouldn't surprise me to see production reach over 20,000 barrels per day by February. But, after this time, production will level off or quickly drop depending upon how drilling goes.
A rise in production numbers will only occur a few months after prices return to the $80 level and we get more than two rigs back into action in the TMS.
I will total the number of wells spud a bit later, but I’m thinking that number is over 75 as of today. I can think of 23 wells that have been spud and were not brought into production as of October. I can think of at least 3 drilled, but never producing and at least 3 that were produced, but did not have any October production.
That’s 73 total, so a guess of 75 on the east side of the Mississippi River is gonna be close.
It will be interesting to watch the production numbers move in Tangipahoa Parish as more wells are brought on line there.
Amite County, with its larger number of wells and with a renewed drilling focus in the latter part of 2014, will likely remain the highest producer of TMS oil for awhile, despite the current higher numbers for Wilkinson County and the current focus on Tangipahoa Parish. The lead is just too far ahead at this point.
Amite County, as of October, 2014 had total oil production in the TMS of 1,478,104 barrels while second place Wilkinson County had 669,261 barrels total.
Encana’s total production is still well ahead of Goodrich, but Goodrich will likely catch up and surpass Encana during 2015 if the 2 rig program remains in effect.
We don’t normally miss what we don’t have, but the TMS was on the launching pad for major acceleration in 2015 and future years. As it stands, the lift-off appears to be delayed rather than aborted.
Time will tell.