I've heard that drilling companies can't drill under rivers such as the Ohio, Muskingum, etc. This has to be a leasing issue with the government, since I guess they own the land under these rivers. …Continue
I've heard that drilling companies can't drill under rivers such as the Ohio, Muskingum, etc. This has to be a leasing issue with the government, since I guess they own the land under these rivers. Can anyone shed any light on this? See More
You are correct in all your statements. That's why I said something about this landowner not knowing how the well was being produced. However, historical data shows shale wells are notoriously steep in their decline rates as…"
"I know someone who is getting Utica royalty checks and they say they are declining almost 50% every month and are concerned if there is a stopping point to the decline. They have only been getting the checks for a few months but the second…"
"You are correct. Some drilling companies are putting even more than 6 wells per pad, and where both the Marcellus and Utica formations are present, they can drill to both from the same pad. Not from the same well however."
"I have heard that with the Utica shale that drilling to take advantage of the existing fractures in the formation isn't that advantageous. I believe that Anadarko had discovered this early on and changed the direction of their drilling to…"
"There aren't many Utica wells out there that are even a year old at this point. Petroleum engineers all over the area are trying to figure out how long they will last, so there is no way McClendon (with a BA in History) is going to do a…"
"You've got that exactly right. If it was up to them all drilling and mining would be shut down. We just have to hope for the best. It's just too early to tell how these wells are going to do and hopefully nobody is…"
"According to the ODNR report released earlier this year the Buell well had produced 13,000+ barrels of oil in 198 days of production. This averages about 68 barrels a day. The gas production for the same period averaged around 7700…"
"I'm not sure how Aubrey would know that. It sure didn't do anything for Chesapeake's stock price today (down 3.57%) so I guess not many bought into it. Let's hope he is right though, but only time will tell.…"
"That appears to be the rumor. I spoke with a petroleum engineer working in PA and he stated the same thing. He said Marcellus wells drop off too, but stabilize more quickly and then decline much more slowly than the Utica wells. I…"
It's a little early to tell what this well will do. These numbers are based on gross peak production numbers which will likely never be obtained in real production. Once this well is online for a few weeks the answer to your…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]