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Permalink Reply by Mark on October 22, 2022 at 4:12pm

Those sound like portable frac tanks. Assume they are the long ones on wheels?

These are used to hold fluid for frac jobs. Think they are 500 bbls each.

After they use them for frac job, they will keep a lot of them on location to capture post frac flowback (oil and water) prior to setting permanent tank battery.

 

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Permalink Reply by Jess Willingham on October 22, 2022 at 9:15pm

Mark, great hear from you hope you are doing well. I'll have my brother look closer at those tanks. They must have some good data if they are drilling another well. We'll keep you all posted.

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Permalink Reply by Mark on October 22, 2022 at 9:25pm

The operator knows that they are in an area where the Eagle Ford will produce oil from horizontals once it is frac'd. The question for them is if they can frac the wells in such a way to get the best economic returns.

There is really nothing that they learn while drilling and casing these laterals - the "proof" will be the after frac flow back results.

Thinking the tanks on location are similar to what I have posted in attached PDF.

Attachments:

• Portable Frac Tanks.pdf, 163 KB

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Permalink Reply by Jess Willingham on November 6, 2022 at 11:37pm

Whew boy these folks are spending the money  here at this site.  BTW the tanks are actually oil storage tanks they have got several. They started another pad.  

Seems like these folks are waiting for quite a pay out. It would be nice if they came down south about 4 miles on 2505.

Mark hope you are doing well and may you have a great and sate Holiday if we don't communicate.

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Permalink Reply by Mark on November 7, 2022 at 1:10am

They and a couple other operators are hitting this part of the trend pretty hard. Key is being able to drill and complete less expensively during higher oil prices.

Thin margins of error here ranging from drilling the lateral in the right zone, staying in zone, getting casing and good cement to TD and then getting best frac possible.

And they doing the right things post frac to optimize production and minimize production decline over time (it will happen, but you want to slow it down as much as possible via proper producing techniques.)

Best wishes to you too! Keep oil prices high!

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