"... CONSOL Energy's Gas Division produced a record 40.4 Bcf for the quarter, or nearly 13% more than the 35.8 Bcf produced in the year-earlier quarter. The Gas Division also achieved peak production of 39.4 MMcf per day from the first five wells on a new 10-well pad in the Marcellus Shale ..."
The "choked down" average Cubic Feet per Day over a 12 month period will be much lower than PEAK. So maybe, these 5 choked wells would pay for the initial costs and "Break-Even" in 3 years (+/-). And in those first 3 years the well might release only 20% of the total gases?
Possibly, a profitable well assuming just Dry Nat Gas?
Wet Gas and Oil are a bonus!
Where is this well pad located? Is it the Hutchinson Well Pad in Westmoreland County?
In Central Pennsylvania, CONSOL has finished drilling and fracing all ten wells on the Hutchinson pad in northwestern Westmoreland County. Peak daily production was from the first five wells to be turned online. CONSOL intends to provide 30-day rates for the wells on this pad in November. The 10-well Hutchinson pad, the company believes, is the industry's largest single pad drilled to date in the Marcellus Shale. The 10 wells were drilled and completed for approximately $48 million, with drilled laterals cased and completed totaling 41,200 feet. The longest of the 10 laterals was 5,517 feet. The pad had 138 continuous frac stages, which used 47 million pounds of sand and 47 million gallons of water.
Where is this info from? Please cite source.
I believe it is from Consol's website from a January quartly statement... Something to watch for is even though the Hutchinson pad has the highest number of laterals at 10, other pads located on the MAWC leased property are drilling a few less laterals but with extended reach/length. Expected production rates on these wells should be much higher when complete.
this kind of production overhang should keep nat gas prices under $3 per mcf for another couple years.
Yeah, not exactly sure this is good news for those of us still wanting to lease or have any chance of getting a well in the next 20 years. Combine that with the Apache shale find in British Columbia our only hope for the Utica is wet gas. But even that is about half the price it was just a few months ago. We need for industry to get on the gas bandwagon and convert!
Any idea as to how many acres were in this drilling unit?
Assuming the laterals are 1,000' on-center (is that true in PA like in Ohio?)
with 5 laterals going in one direction and 5 laterals going in the opposite direction
making a rectangular shape of about 12,034' Long x 5,000' Wide
then it would be about a 1,400 acre Production Unit (minimum).
So yea, the Hutchinson Pad was subdivided into two Units. The northern Unit has 7 Laterals and had an acreage of 353 AC. The southern Unit has 3 laterals and enclosed 265.5 acres. The unit sizes are variable and over the last couple of years I've been following Consol, they have tried at least three different drilling patterns, on the MAWC property. Lateral spacing has generally remained fairly constant around 500' between laterals.
As part of the completion of Trout Run, Seneca initiated production on a four-well
pad located on its DCNR 100 tract in Lycoming County, Pa. As of June 11, 2012, these four
wells are producing at a combined rate of approximately 45 MMcf per day of natural gas.
Peak 24-hour production rates from these wells had a range of 10.1 to 15.7 MMcf per day.
The wells were drilled with lateral lengths between 5,224 and 8,574 feet. A three-well pad is
currently being completed and two Seneca-operated drilling rigs are active in the area. In
addition to the four wells currently flowing into Trout Run, the tract has approximately 65
additional well locations.
Would somebody please explain the technology of how the drill can turn or 'bend' pipe to run laterally? It has to be so strong to handle the earth's pressure, fracking pressure, and minerals and solutions over time. Or, direct me to a website.