I am long and I think everyone here knows I am lon
Post# of 39368
I am long and I think everyone here knows I am long. Facts are facts. I wish everyone would stop repeating the PR put out by Treaty about having to wait on the pressure to go down on the Madeley well before it would be safe to re-drill. Are they excepting low pressure when they re-drill? If not, how would they safely drill then? 1000psi is not high pressure at all. The gas line we sell into runs 975psi at times. This means that our wells have to push down the flowline, through the separators, dehy unit, and then into sales. We drill wells all the time with 5000psi to 10,000 psi. A mud pump on a drilling rig can easily overcome 1000psi. I don't know if Treaty was trying to make it sound better or what. They should have said we are going to produce the oil off of this well until the pressure falls below whatever pressure they were looking for. I am not downing Treaty, just saying that it makes no sense to me why 1000psi is too high pressure to safely drill in. With that said I think they will find a good amount of production after they finish the lateral drill. ROLL TECO ROLL