Erik V.
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Erik V.'s Discussions

Drilling under rivers...

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

Started Mar 26

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Erik V. replied to Frank Dux's discussion 'Are there any real life Jed Clampetts out there in gasland?'
"This is an example of what people act like when they make money from the oil/gas boom?  I think I'll cancel my lease and keep working..."
May 6
Erik V. posted a discussion

Drilling under rivers...

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
Mar 26
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Erik V. replied to The Hiker's discussion 'Depletion "Type Curves" from company websites show a dramatic drop in production after one year'
"Jack, 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…"
Mar 4
Erik V. replied to The Hiker's discussion 'Depletion "Type Curves" from company websites show a dramatic drop in production after one year'
"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…"
Mar 4
Erik V. replied to Jamie flick's discussion 'Multiple Wells per Pad (directional question)'
"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."
Dec 26, 2012
Erik V. replied to Jamie flick's discussion 'Multiple Wells per Pad (directional question)'
"Yes, that is correct.  The holes at the surface are 50' or so apart."
Dec 26, 2012
Erik V. replied to Jamie flick's discussion 'Multiple Wells per Pad (directional question)'
"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…"
Dec 26, 2012
Erik V. replied to Meg R's discussion 'Utica's production decline rate'
"Here is an interesting article.  Didn't know the state did this.   http://www.reuters.com/article/2012/10/22/us-ohio-shale-idUSBRE89L04H20121022"
Oct 22, 2012
Erik V. replied to Meg R's discussion 'Utica's production decline rate'
"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…"
Oct 20, 2012
Erik V. replied to Meg R's discussion 'Utica's production decline rate'
"That makes sense. "
Oct 20, 2012
Erik V. replied to Meg R's discussion 'Utica's production decline rate'
"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…"
Oct 20, 2012
Erik V. replied to Meg R's discussion 'Utica's production decline rate'
"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…"
Oct 19, 2012
Erik V. replied to Meg R's discussion 'Utica's production decline rate'
"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.…"
Oct 19, 2012
Erik V. replied to Meg R's discussion 'Utica's production decline rate'
"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…"
Oct 18, 2012
Erik V. replied to gary SWF's discussion 'HOW MAY DOLLARS is this well Producing?'
"Gary, 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…"
Sep 5, 2012
Erik V. replied to hopeforoil's discussion 'Approached to sell royalties'
"MKMC,,,,Here is a link to a chart showing the decline of a shale well over time (http://geology.com/royalty/production-decline.shtml).  Please note that NG production falls from 5 million cf a day to just a little more than 1 million cf in the…"
Jul 6, 2012

Profile Information

What is your role in the Marcellus?
Landowner
Why are you here?
Learning
Which state(s) are you following?
Ohio
What shale plays do you follow?
Utica

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