The Shreveport Petroleum Club, 15th floor
Cost: $20, Children 10 and under $8
We encourage members to invite guests, spouses, and friends to any of our meetings.
If you’d like a seat, kindly email or call in your reservation by the preceding Friday to John Stroud at jostroud@stroudexploration.com or 318-425-0101.
Biography
Tim Rynott
Mr. Rynott, founder and owner of Ridge Resources LLC (Durango, Co), has 32 years of oil and gas experience - primarily focused on prospect generation, evaluation, and operations. During his career he has generated numerous discoveries, and has been personally investing in oil and gas drilling projects since 1985.
Prior to Ridge Resources, Mr. Rynott was a Senior Geologist, and later Geological Manager, at Red Willow Production stationed near Durango, Colorado. The bulk of Mr. Rynott’s career (25 years) was spent in Lafayette, La, where he worked for several medium and small Independents. ...
Abstract
Recent Upper Cretaceous onshore GOM activity exemplifies re-focused venture capital towards conventional and semi-conventional opportunities. This trend had started prior to the most recent price crash, but conventional oil and gas prospects steadily became more appealing versus unconventional drilling starting in early 2015. Enhanced sub-salt seismic imaging combined with improved completion techniques in extreme temperature environments, has potentially added trillions of cubic feet of new gas reserves to a very mature basin.
For example, in early 2015 Freeport-McMoran Oil and Gas (FM O&G) discovered 100-150 ft of net Cretaceous pay at depths of 24,000-29,000 ft in St. Martin Parish, Louisiana. The first production from a subsalt well in south Louisiana, the Highlander discovery tested multiple Upper Cretaceous sands at 75 MMCFGD, with future wells expected to produce greater than 100 MMCFGD. Seismic suggests the reservoir could encompass ~25,000 acs, or potentially 4-6 TCF of resource. ...
Paid members of the Shreveport Geological Society can read the speaker's full abstract and biography in the newsletter by logging into the Members Area.
