Utica Shale Test Well Results
Rex Energy completed its initial horizontal Utica Shale test well, the Cheeseman #1H. The well had a lateral length of 3,551 feet and was completed with 12 stages of fracture stimulation. The well is located in Muddy Creek Township, Butler County, Pennsylvania and had a stabilized 24-hour test rate of 9.2 MMcf/d of dry natural gas. The well is currently shut in and current plans are to have the well placed into sales once the gathering line is completed, which is scheduled for January 2012. The company is encouraged by these results and plans to drill and complete additional Utica Shale wells in Butler County during its 2012 drilling program. Rex will discuss its Pennsylvania Utica Shale development plans and expected well costs in December when the 2012 capital budget is released.
These numbers are HUGE and indicate tthat our leases are worth more than is currently being offered.
Fantastic numbers. I am sure the Cheeseman family will do just fine with these royalties! And not even a superlong lateral either. But then again what is capable to be produced and what is actually let out of the "selling" end of the pipe may be two different things. Let's all pray for more and more uses ie. increased demand for our bounty!
Are there any land owner groups in the Muddy Creek area? we have 26 acres along rt 19 and are interested in offers, Rex offered $3,000 and 15%.
Anyone know unit size for the Cheeseman well?
anyone know of any wet gas from the cheeseman well?
Where is the Bluestone processing plant located and isn't Markwest involved with it? I have seen a couple row agreements recorded in Perry Twp. Lawrence County regarding Markwest and pertaining to Bluestone.
Was wondering if there is an expansion of this facility in the works. Also does Sunoco have any involvement with the Bluestone plant?
Lot of the info and links in this thread. (I would copy them all and repost but my copy and paste skills suck, plus I am lazy. lol)
Bluestone is over near Harmony off Hartman Rd I believe. Markwest is the main player I believe. Rex has a piece I think. Markwest seems to do all the pipelines for Rex.
Yes - expansion or another plant is in the works - check out the presentation Phil has linked for more info.
Sunoco ? Don't think. Sumotio, spelled wrong I am sure, has an interest in Rex.
There is a Markwest line in the works near me which is heading in the bluestone direction I think. I have to look again but I think Sunoco is written on one of the stakes. This is in extreme northern Beaver County in Big Beaver Boro. Further east , crossing Chappel Drive in North Sewickley or Franklin Twp. (not sure which) there are more markers. It appears to possibly be headed towards the Bluestone Plant. Also see these markers crossing Rt.168 between New Galilee and Darlington. The only wells west of this point are Shell's Patterson and Gateway wells. Another possibility is the new treatment plant further west near New Middletown,OH which is only a few "crow miles" from here. I have a hunch Butler County will soon be playing a role in the processing of ngl for some of it's neighbors!
I must admit I have not been paying much attention to Beaver Co.- did not think much action going on there. That said... pipelines are gonna be bigger impact than the drilling.
If Shell does build the Cracker, Beaver is gonna be plowed up ! lol
Bluestone is only a hop-skip-and a jump from most anything in Beaver, so may make $$$ sense to send it there.
Have not heard much about Sunoco - have to check that out.
Do you think that our leases will renew in 2017?