- 8 - 7. Please state all facts which support your contention that Halliburton’s actions contributed to damage the Davis No. 1 well. Answer: A deep hackberry well is an extremely volatile situation which requires precise control. When this well blew-out, the damage was being done to well formation on a continuous basis. The longer the damage was allowed to continue, the greater the damage would be. Since Halliburton could have controlled the well very quickly had it performed its obligations as promised, the damage which was done to the formation may very well have been minimized, if not eliminated. Accordingly, Halliburton’s failure to control the well in an expeditious and professional manner probably contributed to the full extent of the damage that occurred to the formation. 8. Please state the damages you allege were caused by Halliburton, setting out each element and describe how you claim it is related to anything done by Halliburton. Please state specifically the amount you allege against Halliburton. Answer: The well formation was damaged and ultimately the well was incapable of producing from the formation originally perforated. Therefore the cost of drilling a new well will have to be incurred. However that may not result in restoration of production. CRI and Allen Burditt owned a significant interest in the well prior to the blow-out. As a result of the blow-out and the cost overruns that necessarily follow it, they were required to sell a significant part of their interest in the well. Thus, they have forever lost the value of the production in place which they now cannot recover. The amount of this production is presently being calculated but is in excess of $2,000,000.00. The cost of drilling another well [is] in excess of $1,000,000.00.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011