Re: The Falcon play - buying opportunity
in response to
by
posted on
Mar 28, 2012 02:45PM
Developing large acreage positions of unconventional and conventional oil and gas resources
So what are you doing here? Just doing your masters bidding?
Obviously.
>Look at Mako Trough: HUGE numbers in the Scotia report. Billions! But the gas was inaccessible, so here we are at $.09
The key word is ‘was’. Five years gone by since, and Falcon’s engineers together with the drilling industry has been working on the problems that were encountered in the Makó through. With the lessons learned, in the third quarter of this year Falcon will be deep testing the Makó-7 well, as it’s outlined in Falcon’s Road Map.
Just an interesting reminder of Ultra Petroleum’s tribulation and its eventual success.
The presence of natural gas in and around Sublette County was known for years, but it was not deemed practical to extract. El Paso Natural Gas Company in the 1970s, in cooperation with Federal Government of the United States and the Atomic Energy Commission, proposed a project called Wagon Wheel Nuclear Stimulation Project, which was an attempt to detonate 5 small nuclear explosions to fracture the sands and enable natural-gas production. The project was abandoned and the Jonah Field and surrounding areas, including the Pinedale Anticline, were left undeveloped for years.
The full story:
The Jonah Field and Pinedale Anticline: A natural-gas success story