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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH
NTAH 0.00400-60.0%Jul 24 5:00 PM EST
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To: WR61499 who wrote (2909)8/13/1998 6:15:00 PM
From: Steve  Read Replies (3) of 3817
 
Corsicana is shallow, 300 to 600 ft. You can drill a well there for about 2 to 3 thousand per well. Do the math. It is always better to share the risk. In Corsicana you have a high water cut about 70/30 and typically these wells are low producers but the field is only about 20% depleted but its a shallow pay zone hence the tight well spacing and because of a lack of bottom hole pressure (no or little gas present).
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