American Oil and Gas Reporter - April 2015 - 159

ConventionCoverage: Louisiana Oil & Gas Association
nology and figure we can go from a shale
to a tight sand, which is a lot better."
According to Goodson, a field study
of an 800-foot Cotton Valley section
showed that traditional stimulation in vertical wells fractured only about 20 percent
of the rock. After drilling horizontal
laterals and using high volume fracturing
treatments in 2011, he said wells that averaged 700,000 cubic feet equivalent a
day showed initial production rates averaging 6.3 million cubic feet a day.
"Four years later, that uplift is at 15.0
MMcfe/d," he reported. "Usually with a

shale, peak production hits and declines.
The 30-, 60-, and 90-day rates for these
Cotton Valley wells are flat."
Hurley said Shoreline planned to drill
10 South Louisiana wells in 2015. "If
we drill, complete and hookup the well
for $3.0 million-$3.5 million, with 150,000
barrels of reserves and put it on production
at 150 barrels of oil a day with a normal
20-25 percent Gulf Coast decline, we
can make a 40 percent internal rate of return," he detailed. "The payout will be
about two years.
"People say the risk in South Louisiana

is pretty high," he added. "We like to
look at statistics on mature properties
and historical completions. Bayou Sale,
for example, has made more than 2 trillion
cubic feet of gas and more than 150
million barrels of oil. Divide that production by completions and you get more
than 400,000 boe per completion. All
these older fields have multiple completions per wellbore. To find a 150,000barrel well should not be so difficult
when you stack multiple zones in a single
drill and benefit from inexpensive throughtubing plug backs to maximize returns."Ì

LOGA Hosts Governor Candidates
LAKE CHARLES, LA.-Before a ballroom packed with oil and gas producers,
reporters and other state policymakers,
the quartet of candidates competing to
be the Pelican State's next chief executive
participated in a governor's forum the
Louisiana Oil & Gas Association hosted
on the final morning of its 2015 annual
convention, held March 11-13 in Lake
Charles.
The format allowed the candidates to
tackle five questions from LOGA pertinent
to the state's oil and gas industry sandwiched between the candidates' opening
and closing statements. Participating in

the forum were Public Service Commissioner Scott Angelle, Lieutenant Governor
Jay Dardenne, State Representative John
Bel Edwards, D-Amite, and U.S. Senator
David Vitter, R-La.
The candidates were asked how they
would deal with Louisiana's legacy lawsuits against oil and gas companies, how
to ensure a stable and predictable tax environment, about tort reform, and their
plans to preserve Louisiana's coast.
Dardenne emphasized that Louisiana's
budgetary crisis also presented an opportunity for reform. He said Louisiana
should endeavor to avoid the examples

Preparing for the gubernatorial forum on the final day of the Louisiana Oil & Gas
Association's convention are Louisiana's four major candidates, from left, Public Service
Commissioner Scott Angelle, State Representative John Bel Edwards, D-Amite, U.S.
Senator David Vitter, R-La., and Lieutenant Governor Jay Dardenne. The forum allowed the
candidates an opportunity to answer questions about some key issues pertinent to the
state's oil and gas industry.

of governance set in Washington.
Angelle expressed his longstanding
friendship with the oil and gas industry,
and held that his interpersonal strengths
and history of working with both parties
could help foster broad cooperation.
Vitter spoke of tort reform as a centerpiece of his plans for improving
Louisiana, and pointed to numerous instances in which he had advocated for
the industry on Capitol Hill.
Edwards indicated that, although he
and LOGA did not always agree, the
group always had his respect and knew
his position. He said his sense of duty
and honor had benefited from his experience at West Point Military Academy
and as an airborne ranger.

Opening Statements
Among the aspects of his record with
regard to Louisiana's oil and gas industry
that Senator Vitter cited during his opening
statement, the senator listed procedural
efforts to pressure the Obama administration to lift its post-Deepwater Horizon
permit moratorium in the Gulf of Mexico.
He said he also helped stymie Democrats'
efforts to eliminate oil and gas tax deductions in the Internal Revenue Code,
blocked Gina McCarthy's nomination to
head the Environmental Protection Agency
until the administration agreed to specific
transparency measures and other reforms,
fought overregulation, and partnered with
LOGA in 2012 to push the governor and
state legislature to pass a legacy lawsuit
reform bill.
"I think I have a very strong record
on behalf of the energy industry-the
strongest, bar none, of any of the candidates," Vitter maintained.
Edwards said his door was always
APRIL 2015 159



American Oil and Gas Reporter - April 2015

Table of Contents for the Digital Edition of American Oil and Gas Reporter - April 2015

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