10-01-2014, 08:07 AM
'Putncalls' pid='50271' datel Wrote:
'ArtM72' pid='50248' datel Wrote:FWIW The average US gas well now goes down 7,000 feet. Per http://www.marcellus.psu.edu/resources/maps.php vertical drilling in the Marcellus is 5-9,000 feet prior to reaching the target where the drilling continues another 3-10,000 feet horizontally. The Deepwater Horizon went to 35,000 feet. Add Meg's comments to the list of lame excuses. I certainly wouldn't blame her though.
4,500 meters is 14,800 feet. From 4/1 10/1, assuming 75% of the way to TD that would be about 600 meters per month or 20 meters per day.
Put - let's not forget they likely are nowhere near total depth at this point and they still have yet to put in the 7" casing to get to the formation through the shale. At least we all now agree any time estimate made by IOC is worthless. Now the key question becomes 'why are their time estimates worthless?'.