Comment

Comment by Busy Bee 1 hour ago

This article sheds some light on the Utica from CHK's view. http://m.seekingalpha.com/article/1454721

Comment by Randall P King 2 hours ago

I saw this posted over on the GMS main page, by Bob, and thought it was worth the read.

http://www.rbnenergy.com/utica-oil-bust-a-wet-gas-play-with-plenty-...

Randy

Comment by C G HAMILTON 13 hours ago

good analysis Randy! Too many ifs and what ifs.

Comment by Randall P King yesterday

A few current stories.

http://www.drillingahead.com/page/utica-shale-news

Randy

Comment by Dan yesterday

After seeing the ODNR 2012 production report, I'm thinking that it doesn't help much, other than showing that there was some activity.  At least it isn't useful for projections.  Having 32 days of production for a well looks impressive, but we know that can't be extrapolated out at that level because of the the sharp decline curve that these well take.  Plus, we don't know whether they were throttling the flow or not (probably were) or how much.  Plus, we aren't being told about the NGL percentages in the gas, which can make a big difference in the value.  In 2012 the producers weren't trying to maximize profits on these wells.  They were tinkering with completion techniques and trying to impress shareholders with large outputs over a few days.  Even the Buell well that ran for over 300 days was most likely not running at full throttle.  Why would they, when they could wait just a little longer and pipe it to a processing plant and make more money from the NGLs, and from the general price uptick for gas?  There are too many unreported factors in these production numbers to be able to find them useful.  When the wells are running year-round and connected into the processing plants we will have a better picture, but to really compare apples to apples, the ODNR would need to report other things besides just oil, gas, brine, and days.  If they added a breakdown of the NGLs and the choking percentage on the flow that would help. If we had a empirical decline curve custom for the Utica Shale that would help too. 

Comment by Josh yesterday

THis was taken from Access Midstream...good news for Harrison I assume county

 

 

What people don't know yet is Harrison. Harrison in the heart of Utica is
going to be a Conway/Bellevue equivalent. The Utica dry
gas window is such a robust opportunity, such an exciting deal. We're building
world-class facilities there. And with huge momentum, our partner, somebody that
Bob and I all have good relationship with, Frank Tsuru, to actually execute on
the construction, but we're the largest owner, okay? We're 49% interest owner in
that facility, and we're building out $800 million a day of gas processing,
135,000 barrels a day of fractionation. It's a very exciting opportunity, and
it's going to be in the heart of Ohio

Comment by Randall P King on Sunday

A few current stories on the Play. See the link....

http://www.ohio.com/blogs/drilling

Randy

Comment by Peter Schueler on Saturday

ODNR finally released the 2012 production numbers for Utica wells. If you haven't seen it yet it's at http://oilandgas.ohiodnr.gov/production. Open the spreadsheet and all the producers and wells are listed. One well stands out for its oil production, Gulfport's Boy Scout 1H, Harrison County, Nottingham Twp which produced 1163 bbls/day for its 32 day production period. Most Utica wells are producing about 100 bbls/day and Chesapeake's Buell well only makes 28 bbls/day. Quite a few wells only have a few days production that may not be representative of their potential.

Comment by Chris on Friday

Ill be interested to see how the other Hess wells do in the Central-Eastern side of Harrison County. SW Harrison looks to be the spot to be right now, but that's where most of the producing wells are too, minus Buell and Henderson.

Comment by Randall P King on Friday

Gross royalty is very important. See the link....

h********************************/forum/topics/why-your-royalty-sho...

Randy

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