14(MMcf/d) intitial production rate wich means14 million cubic feet a day of natural gas a day 0%LIQUIDS WICH EQUATES TO 2,333 BOE/D LOOKS LIKE WE WILL HAVE TO WAIT FOR NATURAL GAS TO GO UP AND HOPEFULLY IT DOES BY SOME MIRACLE INFORMATION IS LOCATED ON (PRELIMINARY POINT PLEASENT GAS BTU MAP BY ECLIPSE ) 2013 ECLIPSE PRESENTATION
SO YOU THINK THERE COULD BE SOME LIQUIDS AT THE WHITICRE WELL
with that much gas coming out of a well i wonder if it will give other gas companies an incentive to drill around that location in the near future even if the price of natural gas stays around the same mark ,,,2333barrels a day times 90dollers =209970 a day that times 30=6,299,100 a month that times 12=75,589,200 a year HG ENERGY IS CURRENTLY DRILLING ANOTHER WELL IN MONROE COUNTY
HIGH BTU GAS ....PLEASE
Jay, this is a layman's opinion of the wet marcellus area for Monroe Co.:
Jackson, Lee, Ohio, Salem, Switzerland townships these townships all border the Ohio River and
Jackson Twp: Beaver marcellus well drilled 2010 by Beck Energy vertical only.
Lee Twp: the Tippens well is actually Green Twp,but is on the Jackson, Lee Twps border; local knowledge is well is coming to Stalder property with lots of laterals this is all Eclipse Resources
Ohio Twp. Eisenbarth well is producing in marcellus drilled by Protege and now owned by Statoil; Magnum Hunter now has the Ormet well that was drilled vertical a couple of years ago now drilling another well with hortizontal laterals. Eclipse has made statement that the btus on this Ormet well is 1400.
Salem Twp. The laterals from Ormet well look as if they will reach into Salem.
Switzerland Twp. XTO has permit to drill a marcellus and a utica on a pad in this twp.
All this is laymen's HO. Comments from those of you more knowledgeable than me would be appreciated, as well as corrections.
Joe, what makes you think the utica is dry gas in monroe Co. ohio?For that matter what info. can you share that tells you that the Marcellus in that area is wet?
Jeff, as an add on to Joe's information the average price realized per BOE is based on the contents. So a well making 100% gas producing 2,000 BOE is less valuable than a well that is 25% gas, 50% NGL and 25% condensate making 1,500 BOE. It's a really antiquated measurement that confuses people and makes it tougher to figure out what the actual price realized is. For instructional purposes I'll put out there that Gulfport is getting ~$40 BOE from their Utica wells (this is an estimate based on where their hedges are currently). So the math isn't straightforward.