• 6 minutes U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 10 minutes Iranian Sanctions - What Are The Facts?
  • 15 minutes U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 40 mins Can the World Survive without Saudi Oil?
  • 2 days COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 8 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 1 day $70 More Likely Than $100 - YeeeeeeHaaaaa
  • 7 hours German Voters Set to Punish Merkel’s Conservative Bloc
  • 1 day How Long Until We Have Working Nuclear Fusion Reactor?
  • 2 days China Thirsty for Canadian Crude
  • 2 hours Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 2 days China Tariff Threatens U.S. LNG Boom
  • 7 hours Saudi A Threatens to Block UN Climate Report
  • 2 days Cruise ship could get a 100'000$ fine for using illegal bunker fuel
  • 2 days UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 2 days China auto sales sink
  • 6 hours Nothing new in Middle East? Iran Puts On 'Show Of Strength' Military Exercise In Gulf
Alt Text

The Oil Markets Are At A Confusing Crossroads

The latest IEA report suggests…

Alt Text

Underwhelming OPEC Fuels Oil Price Rally

Oil prices rallied on Monday,…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Next on the US Shale Scene? Try Tuscaloosa

It’s not a household name yet—and it’s a bit of a mouthful—but the 2.7 million-acre Tuscaloosa Marine Shale (TMS) in Southeast Louisiana and Southwest Mississippi is shaping up to be another prime play to add to the US unconventional roster, even though it’s still early days.

We still don’t know what the potential is here, so uncertainty is high, but E&P companies are betting on some big finds, estimating that we’re looking at a “Texas-size” pay-out.

They might be right. After all, the TMS is close to the Gulf of Mexico and has geological similarities to Eagle Ford in south Texas. Geologists think there could be a continuous oil and gas shale that runs all the way from Eagle Ford to the TMS, and that’s what all the drilling is banking on.

The TMS is a sedimentary rock formation that consist of organic-rich fine-grained sediments deposited in a marine environment that existed across the Gulf Coast region approximately 90 million years ago. The TMS includes the Eagle Ford Shale, being similar in geological age.

For now all we’ve got to go on is some dated, pre-fracking surveys that estimate the TMS could contain 7 billion bbl of recoverable oil from shale that is from 500-800 feet thick and at a depth range of 11,000-15,000 feet, extending for 3.8 million acres across both states. It was only about 3 years ago that the first horizontal wells were drilled, so we still don’t…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News