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Mississippi Lime Update : Production Growth and Water Cost Control
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There is no middle of the road with respect to the Mississippi Lime. The play is either loved or hated. In fact, it took a while to develop the play given its propensity to produce excessive amounts of water.
Chesapeake and Sandridge believed otherwise as drilling and completion costs are quite low. It has a depth of 6000 feet, and produces approximately 50% oil. This low depth produces low pressure, so this play will not record IP rates like deeper areas of the Bakken or Eagle Ford. This may not be important as its rate of return is competitive. Another issue is how to value the acreage. There can be large discrepancies between undeveloped and developed acreage, given the large investment needed to drill salt water disposal wells and put pipe in the ground to transport. The…
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