The spacing/drainage issue is sure going to be tested here. My ole Geologist friends were telling me that the drainage is not very far from the pipe perfs (unless it happens to be a natural fracture in the rock formation). At some point in the future we will see how a well spacing of 400ft vs 800ft responds. Does anyone know if KOG is doing drainage/spacing studies with their JV partner Exxonmobil? I would think that Exxon is running many computer simulations for 800 - 400 - 200ft spacing. It would be nice to see how their computer simulations compare to real data. Regards.
Most folks have no idea what Geological information is or does. But KOG is using basic/advanced Geology and Engineering to maximize their production via drainage spacing, etc etc etc. My hat is off to them for what they are doing. If I was healthy, and/or younger I would love to work for a company like KOG. These folks are breaking new ground, but not in a reckless way. Regards.
Pretty lame comparison between Exxon & BP. You are comparing a Titanic sinking (BP) to a car wreck (Exxon). Exxon's track record and safety program is as good as they get. Don't count on CEO losing any sleep, but you can count on him finding the source of the fire and to prevent it from happening again, etc. Regards
The most positive aspect of this farmout with Viking is that there are proved reserves in the well SOQ drilled on the offshore lease they hold. It is hard to tell if Joint or Viking will resolve any issues they have between them. This entire deal could blow up and it would not surprise me, but i hope it doesnt. Regards