So, is that it? Are we done?

     I noticed that there is not much activity here on the western edge. I would like some input as to whether the oil companys gave up until new technology is available to squeeze the oil out in the Utica or the price has to go up. There are a lot of people out there with the knowledge of how these companies act in these cases.

Views: 6351

▶ Reply to This

Replies to This Discussion

Permalink Reply by Gary L on May 21, 2013 at 9:05pm

Artex is actively leasing deep rights in Perry, Licking, and Fairfield Counties. I was recently told by ODNR that somebody hit a big oil well in Fairfield County recently. Don't know what formation as there are multi- formations. I have heard they are a junior partner for Anadarko. Maybe someone will crack the oil code soon.  

Permalink Reply by Jim on May 22, 2013 at 10:15am

I found a very productive well (API 340452211890000) in Fairfield County on 60 acres (conventional well) that in 2011 produced 4444 BofOil from the Beekmantown Dolomite and looks like also the Rose Run Sandstone.  This well was drilled in 1996.  I'm not a geologist, but I am seeing a pattern here.  Oil found in sandstone and dolomite make better wells than shale.  I wonder what oil production might be with a horizontial well in this area on 640 acres?

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on May 22, 2013 at 10:25am

"I wonder what oil production might be with a horizontial well in this area on 640 acres?"

Horizontal drilling isn't magic.  It doesn't automatically increase the output of every well from every formation every time.  Conventional wells drilled into something like the Beekmantown operate differently than shale wells.  They rely on a structure.  You're drilling into a trap, which is more porous.  The hydrocarbons are contained by a seal, which is not very porous.  Shales are actually good seals and as such respond well to fracturing across a long area.  A dolomitized limestone might have six traps in one township section and zero in the one next to it.  There is no way to know until there's some testing done.  Horizontal drilling works under certain conditions but it is certainly not a guarantee that it will skyrocket production from every formation every time. 

Permalink Reply by Booger on May 22, 2013 at 3:43pm

i am not one of those "people with knowledge of how these companies act in these cases".......but i think that yes, it is done in the western edge for now..........i would think maybe down the road as they improve techniques, then they will start to creep towards the west into the oil window.......there is plenty of untapped land in the wetgas window to be drilled first........and likely enough HBP land in the oil window that many western leases will expire.

Permalink Reply by TM on May 22, 2013 at 4:17pm

I have a feeling the oil windows will be done for now as well. Maybe a hike in oil prices will help activity, but it seems like they need new techniques to make it work. They sure wont be in a hurry to drill old HBP land anyways.

Permalink Reply by dan gladyszewski on May 22, 2013 at 9:00pm

There is alot of secrecy going on with these guys. As it was explained to me, the current seismic testing going on in this area is for the rose run and tempealeau layer ( sorry, I butchered that, I think). The company described it as a waffle like structure that had pockets of oil. Would they even think of doing a horizontal to pick up these pockets or just do a vertical? Even though my excitement is more tempered nowadays, I am still wary and am willing to do a wait and see without dropping my guard. I still see these companies paying up to $500ac for leases which I personally feel is too much for the standard well and being picked up by a small company when they already hold leases on proven fields. As Gary inferred, they are creating an infrastructure and might suprise us someday.

Permalink Reply by Jim Litwinowicz on May 23, 2013 at 9:40am

What may be happening is that the oil companies have been doing a lot more advanced siesmic in preparation for horizontal drilling and in that process they have have found numerous traps that they can produce. Doesn't mean that there will be a huge rush to resume doing verticals. Maybe just drilling the best pockets/traps they found.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on May 23, 2013 at 10:38am

You would never drill a horizontal across those three traps unless you really, really hated money.

Permalink Reply by Jim Litwinowicz on May 23, 2013 at 10:50am

Marcus; this leads to another topic; suppose they find a trap while prepping for a horizontal.  My guess is that they would drill a vertical and produce all the oil they can until it runs dry.  Then come back and drill a horizontal off that well bore.

I wondered this before because I hear of occasional wells where they hit oil in a dry gas zone.  Like the Shell wells near Slippery Rock. How often do they hit an oil trap while drilling for horizontals? And if this happens, people get all excited thinking the shale is oily but it is really a conventional well in a trapped oil pocket.

Permalink Reply by Jim on May 23, 2013 at 11:53am

Mar Oil Company drilled two horizontial wells in the upper northwest corner of Marion County, Ohio back in 2011 with NO STIMULATION.  API 34175203680000 and API 341012022200000.  Production for these wells were reported for 2011, but these two well were not included with the recent release of horizontial wells by ODNR for 2012. HMMMM???.  It would be nice to know what the production numbers were for 2012.  These wells are located where the TOC and S2 are the highest in the State.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on May 23, 2013 at 12:00pm

Neither of those wells produced anything of note in 2011. 

Permalink Reply by Jim on May 23, 2013 at 12:06pm

Which is why it would be nice to know what the production was for 2012

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service