The Latest Major Energy Discovery Could "Dwarf North Dakota" (Louisiana)

streetauthority.com ^ | January 29, 2013 | Chad Tracy

[stinkerpot65]

As the Cline is roughly 9,800 square miles in size, this works out to estimated reserves in excess of 30 billion barrels.

These reserves could easily eclipse the Bakken (4.3 billion barrels according to conservative government estimates) and the Eagle Ford (3 billion barrels).

[bmwcyle]

Where does this put peak oil?

[Antoninus II]

Yep. anything over 290 seems to shorten tool life, and the pulsers seem to go out even quicker.

And customers don't like to trip out.

[Smokin' Joe]

And customers don't like to trip out.

Nope. Pretty expensive, especially if the well is kicking. Figure 24 hours from 19,000, round trip--about $100,000 on the AFE when you figure in rentals, associated other personnel, kill mud, and rig time, etc. A few extra of those and they won't be customers nest well.