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Tengasco Inc. Message Board

  • oubobcat60 oubobcat60 Jul 16, 2014 12:23 PM Flag

    Where the action is!

    Let's compare Palomino and Tengasco: In 2012 P produced 380,000 bbls of oil and T produced 272,000; in 2013 P produced 598,000 and T produced almost 200,000.

    P has most of its wells (460) and is concentrated in Ness Country. In 2014 it drilled five successful wells in Ness with initial production of 10, 23, 60, 112, and 60 bbls. But in Trego County where they operate very close to Tengasco holdings they have a total of 33 .drillings. In 2014 they had 14 successful drillings with initial productions on those reported (some were completed without totals listed in July, 2014 and some oil wells are also reported with gas) of 9, 80, 27, 45, 48.42, 47, 140, 81, 128 and 70 bbls,

    Is Tengasco really serious in looking elsewhere as the latest intents indicate?


    p.s. Yes, P does have quite a few P & A but most of them seem to "lead" to a bigger productive well.
    Comments welcome.

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