Which oil company drills the best well?

I would like to hear opinions about which oil company drills the best well. Please give specific reasons for your choice and any firsthand experiences you have had.

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Permalink Reply by Brian Powers on March 22, 2012 at 8:46am

 

DBD-

I've watched Cold Diggers recently. Its the first time I've been back on the drill floor in nearly two years and after a severe stroke. And no helicopter rides were required as they were for the last time I was actually on a drill floor.  My eyes were glued to the equipment and instrumentation; some of the personnel dynamics really made me smile. The noise and hazards were there, though not the smells, and no heavy steel toed boots or excessive stair climbing either.

 

Good communication between the rig crews and town, in addition to anticipating and taking the correct first response to incidents can often lead to good results.

 

Brian

 

Brian

Permalink Reply by farmgas on March 18, 2012 at 10:00am

 

Does anyone have experience with Consol CNX Gas?     How about the general working relationship?   Well production is certaintly important, but how about restoration of your land following completion of the well (s), for example?  Does their general lease protect the landowner from lawsuits?   What else?

Permalink Reply by oildude on March 18, 2012 at 1:00pm

I dont know about the leases with Consol but the well I saw was on Consol land and it was being drilled by Anadarko. The well site was very clean and I have been told by another member of this website that the pipeline they installed was very big so it must be a productive well. I believe they drilled two horizontal legs on that pad.

Permalink Reply by Toronto Ohio on March 19, 2012 at 6:31pm
The best Operator and fastest wells drilled in The Marcellus is Energy Corporation of America. They are even inspiring the rigs generators with their on Marcellus gas. You don't hear much about them but they have had great things in the past two years drilling in Greene county PA.
Also 5 holes in WV.
Permalink Reply by Dennis on March 19, 2012 at 9:10pm

Best operator, and fastest driller have not resulted in greater production based on what I see on the DEP reports. As a landowner, I could care less about speed. Aside from that, interesting observation. Thanks. I heard the head of their energy trust speak recently about their quarterly results. Very interesting. Sounded like a good operator.

Permalink Reply by Brian Powers on March 22, 2012 at 8:37am

Dennis -

Faster deeper cheaper may work in the very short term, but many drilling and completion mistakes result in permanent formation damage and production inpairment that is difficult or impossible to remediate. Re-fracking almost never pays out in my experience, though I'm sure that there are many happy stories out there.

 

What I stressed during my time in the oil patch was the benefits of doing the job: " right the first time."

 

Brian

 

Permalink Reply by oildude on March 22, 2012 at 8:46am

Then I guess the longevity of a well's productive life should be considered as important as any other aspect. So who's wells seem to produce for the longest time.

Permalink Reply by Brian Powers on March 22, 2012 at 8:58am

OD-

Well production longevity is but one consideration. The responsible operator manages the base production in the field, pool or basin and strives for the effective and efficient recovery of reserves in order to serve leaseholders and shareholders alike. Some unconventional wells produce in excess of 70 years.

 

Brian

 

Permalink Reply by oildude on March 22, 2012 at 10:00am

Brian

I have been researching the Trenton limestone formation that is under the Utica. From the standpoint of recovery efficiency, do you think it would be more profitable for the landowners to develop both formations at the same time? I mean, would the rate of recovery of oil and gas be better if both formations were drilled together rather than drilling only the Utica now and later leasing the Trenton?

Permalink Reply by Brian Powers on March 22, 2012 at 10:11am

OD-

The answer to your question could range from the simple to quite complex. It depends a lot on the fluid and reservoir properties of both zones and to a certain extent upon regulations.

It may be prudent and practical to develop both zones simultaneously if state regs allow commingling production.  Commingling has worked well in many basins, though it often becomes difficult to differentiate production contribution from the individual zones, especially if fracking is required, as it likely would be.

 

Brian

 

Permalink Reply by Gunner Ostergard on March 21, 2012 at 2:23pm

I have heard good stories about Rice energy,  people dealing wise,  and if you compare production numbers off the DEP website in Washington County,  thier wells are some of the top producers.  However,  maybe Range has all there wells choked back and Rice is letting them free flow to make some money fast for themselves and the landowners,  this would be hard to dertirmine for sure.

Permalink Reply by Utica Shale on March 22, 2012 at 1:38pm

Maybe, the "Best Wells" are drilled by certain companies but

maybe the "Best Wells" are drilled when you also have the BEST LEASE !

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