Kurt Mire, Mire Petroleum Consultants, gives an update on the deepest, highest pressure gas well in America. According to Mire, the well took about two years to drill, which was twice as long as projected.
The well is located in the Tuscaloosa Sandstone, Louisiana, and the depth is 30,000 feet. The cost was upwards of $350M, much over the original estimate.
Mire said the original driving force behind the well was oilfield legend James “Jim Bob” Moffett.
“In the 2000’s, he was pushing these ultra-deep prospects on the Gulf Coast,” Mire said. “Spending a lot of money trying to prove the new play types.”
The interview also discussed some issues within the industry, like when landowners have to sue oil companies. Host Jason Spiess integrated in some past guests discussing the resources poured into engagement and connection between Agriculture, Energy and Landowners.
Mire said these issues are difficult when they occur, but are very real and can be resolved if communicated properly.
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