I heard today that the Devon rig will arrive at the Sensibaugh well on Thursday. There have been a lot of trucks in the village with Texas and Oklahoma license plates. I would image the rig will then head up the road(3 miles) to the Harstine well. Harstine well will be a piece of cake to get ready compared to Sensibaughs. Its in a fairly flat area about 100 yards off the road. Core results on the Harstine well show the Point Pleasnt at 144' thick per ODNR.
Where is the well located? I'd like to visit the site to get an idea
of its location to my property?
Is Muskingum County in the "OIL" area on that new Ohio Utica Map?
It sure looks like its right in the heart of the oil! I'm wondering if "OIL" will
become more attractive than the "Wet-Gas" areas? The author of the map seems
more concerned with "Wet-Gas" than oil. I thought everyone was chasing the Utica
for oil? Does anyone know?
Bernie it seems as they want the wetgas. I believe they believe the price upon the wet gas will not be swung as heavily as oil or gas but at oil at over $100/barrel rather surprises me they are not hitting hard on it unless they know full well its here but want the market share of the wetgas first.
It would not surprise me to see the wetgas area to be extended even further to the west as originally it was pretty much projected to run fairly tight along the river and it keeps moving westwards.
Question is why are they after a 47% return when they could go for oil?
They are going for oil as well. Ashland, Richland and Medina (though the latter is still a question mark) are areas that they're targeting for oil production.
So, they're still not sure about Medina, do you have any idea as to what their next plan of attack might be? Also, where abouts in Richland?
They took several assignments in Richland from older producers. The lease position seemed scattered and it covered maybe six townships, some contiguous some not. I don't have my data in front of me so I can't give you specifics.
As for the Medina well (Richman Farms) I hear that they're not terribly excited but plan to frack it anyway. But one or two data points aren't usually enough for a company of that size to make any real, solid evaluation.
Is there an Oil Pipeline in Licking / Muskingum that has unused capacity?
I think there are 3 refineries in Ohio: Canton, Lima and Toledo.
Can any of these refineries process that specific type of oil?
Will the oil easily flow out of the well in huge quantities like Nat Gas and NGL's does?
Gotta' figure out where the oil is going before it comes out of the ground.