How far west does the Wet Gas boundary extend west?

http://www.mansfieldnewsjournal.com/article/20130302/NEWS01/3030300...


Can anyone confirm these prices? Northern Richland is within a few miles of Devon Energy plugged well in Ashland County.

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Permalink Reply by Calla Sommer on March 5, 2013 at 4:16pm
Well isn't that just interesting!
Permalink Reply by Thomas Moss on March 5, 2013 at 5:37pm

$4500-$6000 a acre next to a plugged well. this is going to be interesting.

Permalink Reply by JODI on March 6, 2013 at 5:39am
Does anyone have a contact at Farm Bureau that can confirm Mr. Arnold's statement. Devon has been trying to get landowners to amend existing leases.
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Permalink Reply by James McDowell on March 6, 2013 at 6:27am
Mr. Arnold is stating he has seen those prices with good representation. The context of his statement just happens to be in an article about Richland. You have to read a little better to understand.
Permalink Reply by JODI on March 6, 2013 at 6:58am
What county is he speaking of when he says:

“There’s quite a bit of leasing activity going on in the northern part of your county,” Dale Arnold, energy policy director for the Ohio Farm Bureau Federation, said.
Permalink Reply by JODI on March 6, 2013 at 10:13am
James and David, I realize the prices could have come out of context and most likely were. David, it does make me wonder if the wells would be plugged if they were closer to the needed takeaway infrastructure. Devon did say they would consider revisiting the well in Knox County.


He said the reports from Devon’s wells in the western sections of the Utica Shale —including the Kirkpatrick Road site and a drill site in Ashland County — were “disappointing.” Producing natural gas and natural gas liquids, the sites failed to produce crude oil which is more profitable in today’s economy.

Because of the continued low price of natural gas, Devon Energy feels it is in the company’s best interest to “utilize 100 percent of our exploration capital looking for oil.”

He added there is always potential to revisit the Utica well.

“If we see higher prices in the natural gas and gas liquid markets.
Permalink Reply by Billy Park Whyde on March 6, 2013 at 10:24am

This statement .” Producing natural gas and natural gas liquids, the sites failed to produce crude oil which is more profitable in today’s economy." Hmm well then why are the biggies so H bent on the wet gas areas? Why is it that they are not H bent on the oil window? Could it be that they may be afraid of market saturation that might lower oil prices, as they have with natural gas?

Permalink Reply by Marcus Grayson on March 6, 2013 at 10:28am

If they produced 1 MCF of gas and 1 bbl of NGLs then they produced gas and wet gas.  Can't make your money back off of extremely low production.  So again what came out is irrelevant if none of it was profitable.  It wasn't profitable, obviously.  You don't P&A good wells.

Permalink Reply by JODI on March 6, 2013 at 10:40am
Why would they entertain a revisit if it produced small amounts?
Permalink Reply by Jim on March 6, 2013 at 10:43am

Because they did not go deep enough. 

Permalink Reply by JODI on March 6, 2013 at 11:36am
Bingo!
Permalink Reply by JODI on March 6, 2013 at 12:34pm
Thanks Jim. Seems like you know the History of the TR/BR in this area.

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