Deep Water Gulf of Mexico Lower Tertiary Pressure Study
A significant new study, which provides a comprehensive and authoritative picture of formation pressure distribution in the region, based on data from 149 wells.
So, how much does it cost to drill a dry hole in the Wilcox?
Although a number of high-profile discoveries have been made to date in the Wilcox play, e.g. Tiber, Cascade & Jack, costs of $150-$250 million per well have also generated some expensive dry holes, in search of hydrocarbons trapped beneath salt, e.g. Sardinia & Hadrian. Many of these wells have experienced high pressures, some with narrow drilling margins and it is believed that understanding pressures will assist greatly in future exploration and development of this important play.