Chesapeake Releases Ohio Utica Production Numbers

Just released this morning. Good news for all in the wet zone of the Play.

http://www.chk.com/News/Articles/Pages/1610725.aspx

 

  • The Buell 10-11-5 8H in Harrison County, Ohio was drilled to a lateral length of 6,418 feet and achieved a peak rate of 9.5 million cubic feet (mmcf) per day of natural gas and 1,425 barrels (bbls) per day of natural gas liquids and oil (liquids), or 3,010 barrels of oil equivalent (boe) per day;
  • The Mangun 22-15-5 8H in Carroll County, Ohio was drilled to a lateral length of 6,231 feet and achieved a peak rate of 3.1 mmcf per day of natural gas and 1,015 bbls per day of liquids, or 1,530 boe per day;
  • The Neider 10-14-5 3H in Carroll County, Ohio was drilled to a lateral length of 4,152 feet and achieved a peak rate of 3.8 mmcf per day of natural gas and 980 bbls per day of liquids, or 1,615 boe per day; and
  • The Thompson 3H in Beaver County, Pennsylvania was drilled to a lateral length of 4,322 feet and achieved a peak rate of 6.4 mmcf per day of dry natural gas.

 

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Replies to This Discussion

Permalink Reply by jeannie on October 6, 2011 at 1:41pm

this maybe a silly question, but I truly do not know the answer. We live in Stark County and the map shows oil... What is best? Wet or oil? I sincerely do not know what wet means

Permalink Reply by Shower Bath on October 6, 2011 at 1:58pm

oil=$80 per barrel

Wet Gas= approx $50 per barrel

I'd say the oil, but I think closer to the transition line between the two is probably the sweet spot.

Randy

Permalink Reply by jeannie on October 6, 2011 at 2:03pm
Thank you, I am so glad I joined this forum, I learn something new all the time. I appreciate you breaking that down.
Permalink Reply by Dan on October 6, 2011 at 8:16pm
Randy, do you have a source for those numbers?
Permalink Reply by Shower Bath on October 6, 2011 at 9:06pm

The oil price varries daily with the market. The price of the NGLs was an approximation. I came accross the value of NGLs in a financial report that might have been from Devon where they stated the value was $53 per BOE. I don't know how exact that is, and it would also fluctuate with market prices. I did see a discussion the other day where the BTU values were broken down. If I find that dicussion, I'll post it.

Randy

 

Permalink Reply by Shower Bath on October 6, 2011 at 9:17pm

Dan, Check out the post    gas composition   on this main page. on page 1 of the discussion there is a post by Sylvester Deal dated May 12, 2011.

Randy

Permalink Reply by Dan on October 7, 2011 at 3:55am
I just wondered why you put oil at $80/bbl.  I use the US Energy Information Administration (EIA) website, which puts a barrel of domestic crude in Ohio at $92.32 as of the latest date (July 2011).  Do you have a better source?
Permalink Reply by Shower Bath on October 7, 2011 at 7:57am

At  moment I write this the NYMEX crude oil price is $82.20. Last week it went down to the mid $70 level. Nat gas has also dropped to approx $3.50. If the markets continue to drop, and we slide into a world-wide recession (which will further reduce demand) the whole leasing/drilling scenario may change. Things certainly slowed in the Marcellus Play in 2008.

Randy

Permalink Reply by jeannie on September 29, 2011 at 3:44pm
Hope they hurry up and come to Stark, ditto on the drill baby drill
Permalink Reply by David Mohn on September 29, 2011 at 7:31pm
I heard CHK just put together a 1200 acre drilling unit in Nimillishen twp.  This is I think the second drilling unit in our twp.   Unfortunately I just missed being in this unit.   But according to my source thing are about to bust wide open around Stark County.  Lets hope so!
Permalink Reply by harry frank on September 30, 2011 at 7:56am

David

What part of Nimillishen TWP do you live in

 

Thank you

Permalink Reply by David Mohn on September 30, 2011 at 8:33am
I live in the Louisville area

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