I am not a petroleum geologist. But the idea of this well was to get into oil at the Noibrara formation at 4000 feet. Well pressure at that depth should be 2000 psi approximately. What I think has happened is that they have encountered oil in the Pierre Shale formation which has multiple fracture zones . Well pressure is 865 psi. So to me there is no big oil find. I believe FPL need around 40 bopd from Bird 13# 18 well just to cover wages and well costs. I am I on the right thesis ? They will deliver oil but to what extent !
FPL Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
