I read this as an indication that EOG is ready to go to full out production and ZAZA does not have the ready cash to participate. If true its good that EOG is ramping up. Bad that ZAZA continues to struggle with cash
All in all it sounds positive.
Caliber's operating area runs right thru some concentrated Whitting-Kodiak land. Great promise here
Choke is the size opening the oil is flowing through. Open it wide and you get a very large flow.
In actual production a good company like TPLM will try to find the right balance to keep the well pressure up and keep the well flowing naturally as long as possible yet still get solid production numbers.
JD, those 24 hour IPs are just so misleading. Was the Larson well a true 24 hour IP based on 24 hours of production or an extrapolation. What was the well choke set at. Wide open to get an hours run to extrapolate to 24 hours or choked back to a true production state to protect the well.
Most companies posting 24 hour numbers are hyping the well hoping to boost the stock price. Bud Brigham was the best at pumping up those 24 hour numbers. It is best to ignore them
Demartha, they reported an peak IP rate. Choke was most likely wide open for an hour and extrapolated. That is the norm. Key is to see the 30 and 60 day rates. Since this well is holding pressure those numbers should look good
DCmartha. The 2 week numbers were posted in the PR and exceed 1000boepd with 1/3rd oil. 1/3rd NGLs and 1/3rd gas which is already connected for sales.
Its a good well and I would love to see 10 more just like it
Not entirely sure why they do this but my assumptions is to provide a final definition of the lease size and he gets paid royalties.
Found this below
Scope and Contents of the Records
The Railroad Commission of Texas regulates the oil and gas industry to prevent the waste of resources and to protect property rights and the environment. These are plat maps of oil and gas leases or fields and survey maps. The maps and plats were submitted to the RRC by operators and maintained by the Commission because of information they contain about oil and gas wells in the state. Some maps are accompanied by correspondence about the leases, drilling operations, acreage assigned to specific wells or related topics; some have affidavits attached. Also present are notices of change in lease ownership or operators, and in a few files are potential test forms for wells. Dates covered are about 1930 to 1960, bulk 1941-1954. Correspondence is usually with oil and gas operators or drilling companies. Some of the plat maps are certified, giving the date the plat was drawn, the survey, field name, county, operator, acres shown, and number of acres in the lease. Items shown on the survey and other plat maps are generally oil, gas, and water well locations; oil/gas lease and field boundaries; land and/or lease owners; cities and towns; and rivers and creeks. The maps often contain notes about the wells. Most of the maps were drawn by local surveyors and cover specific leases or oil/gas fields. Size of the fields or leases vary, they could cover several counties or just a small part of one county. The bulk of the material in these records are maps, most being legal size or smaller, a few are larger. The plats/maps were not done by the Railroad Commission but were sent to them by operators with various other records, such as applications for drilling permits. The Commission retained these plats and maps as a source of well data and related information. This series contains files for district
Put off till end of business today
Item 7.01 Regulation FD Disclosure
ZaZa Energy Corporation (the “Company”) (NASDAQ:ZAZA) had previously announced that its ten-for-one reverse stock split (the “Reverse Stock Split”) would be effective at the close of business on Monday, August 18, 2014, with post-Reverse Stock Split trading beginning on Tuesday, August 19, 2014. The Reverse Stock Split will now be effective at the close of business on Tuesday, August 19, 2014 with post-Reverse Stock Split trading beginning on Wednesday, August 20, 2014.
The information furnished pursuant to this Item 7.01 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into any registration statement filed under the Securities Act of 1933 unless specifically identified therein as being incorporated therein by reference.
Should happen most any time after the KOG merger is final in October. the spin off is likely just a ploy to get the value up
Gideon, there is a saying down south that applies here " Want in one hand and #$%$ in the other"