mississippi lime update, page-3

Top post Binbin.

I found these 3 points interesting in particular:

"And by far and away, the best vertical wells in the play are on the northern part of the Nemaha Uplift in Kay County, Cowley and Sumner up into Kansas, right through that little area. The vertical wells in Kay County are the highest. They're at 85,000 barrels per well....the vertical wells, say, in Woods, Barber, Comanche counties are 13,000 barrels, 22,000 versus 85,000.



..... In fact, it's not just being on the uplift, you've got to be on the northern part of the uplift to have that chat component, plus, you have a higher degree of fracturing up on the uplift which enhances permeability. ....because you have that chat component, you have higher porosity, you have better storage and you have a higher oil cut.

.....And generally speaking, the gassier you are, the wider the spacing. The oilier you are, the tighter the spacing. The more hydrocarbon in place, the tighter the spacing, the less, the wider the spacing. "

So
1) Higher EUR per well on the NORTHERN Nehama ridge
2) Higher oil gut per well ---> better pricing
3) Tighter spacing bue to better oil cut

I didn't know about the NORTHERN ridge being more important. I also didn't know that the tighter spacing was for the higher oil cut sections. Big implications for RFE and SEA investors. They can't just improve technique to replicate Range Resources.......