Just read the AP story linked  below....I think some of us expected the volumes to be high, but this is interesting to say the least!  Capable of 30 million cf/day.

 

http://www.timesonline.com/news/state/gushers-highlight-potential-o...

 

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Wow!  That's good news!

 

And a very good article that explains in production terms the delays between leasing and royalties.

 

Did anyone notice that the wells are in Dimock???

 

Brinlady

 

 

"It's like batting practice," said Matt Pitzarella, spokesman for Range Resources Corp. "The more you swing the bat, the better you get.

 

Fairly bad analogy from an OG company pr standpoint. I mean the article is about wells in Dimock.

Does anyone receiving royalties in Dimmock want to comment on these gushers?

Thanks for posting that. I tried to find another article about these Cabot wells but could not. I did find this June 25th article in the NYT's. http://www.nytimes.com/2011/06/26/us/26gas.html?scp=1&sq=inside...

The timing of the two articles is interesting. If you read the entire NYT's article it is more about other shale plays and not Marcellus. Also - if you take in the whole of both they communicate the same thing which is not news - OG companies are filled with a breed of gambler that thrives on potential and unknowns. The Cabot numbers on those wells are truly impressive - I wonder if when the initial production rate is that high if the decline is steeper?

 

 

They have to be guessing how the production decline will occur as they have no real history to base it on.....that's part of the gambling they do! If it were not for companies sticking their financial necks out like this our country would be in sad shape.

The true gamblers were those who first settled over here back in the day. They gambled everything for the possibility of a better life.

It's a gamble , with the odds in there favor.

as in gambling, the folks that gamble the most money and the most often, generally, are the ones that win the most. 

The companies are the ones with the huge outlay of cash, why shouldn't the odds be better for them?

I agree , they only gamble when it is likely to pay off. I'll go all in with pocket aces but not holding a 7 and a 2.

 

George Steinbrenner would agree.

 

JB

Did you know he owned working interest in gas wells in West Virginia?

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