"I can understand that mineral owners that may have signed early at low bonus would see this bill as a plus, however the current state of gas prices was achieved by continued drilling to hold acreage in the face of signs that said slow down. …"
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Sylvester Deal
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Sylvester Deal replied to lucky's discussion 'Every landowner support PA Senate Bill 356 regarding pugh clauses'Sylvester Deal replied to Oliver Eastern's discussion 'Novel Method of Terminating HBP'"Oliver,
Read lease carefully. There is usually a clause that stipulates a time frame during which activity to hold the lease may ensue such as, drilling another well. It is usually the time specified by the delay rental payments."
Sylvester Deal replied to Todd Smith's discussion 'Allison 3H Well Final Open Flow' in the group Hancock County, WV"Todd,
I interpret the completion report as a calculated well test with the gas open flow calculated, but actual oil recovery reported. I've been warned many time, be skeptical of completion reports
This well was reported to be a shallower…"
Sylvester Deal replied to Todd Smith's discussion 'Allison 3H Well Final Open Flow' in the group Hancock County, WV"Todd,
That's 1161 Mcf/d."
Sylvester Deal replied to country driver's discussion 'Another Big Well in Ohio'"Farmhouse,
Barrel oil equivalent (BOE) is an annual report and news release impression term. It is arrived at by dividing Mcf gas by 6 for the "equivalent" barrel. It's just for reporting impressive numbers, BOE cannot be…"
Sylvester Deal replied to time will tell's discussion 'Is this FOLKLORE ??????'"I responded to this topic yesterday in a now closed thread called Des. Gulfport is reporting very good results for their well in Ohio. Their reporting of barrel oil equivalent for 17.1MMcf gas confuses the report, a BOE of gas does not…"
Sylvester Deal replied to Allen Scott's discussion 'Use of free gas'"Allen,
My experience is not with the Utica, but Clinton in OH.
High pressure:
Generally, a high pressure well will require a series of step down regulators, a drip to collect liquids from the stepdown (cooling) effect, a safety regulator, a…"
Sylvester Deal replied to oildude's discussion 'Chesapeake releases production rates for two wells.'"MLB,
The 6Mscf doesn't have anything to do royalty figuring. It's used in financial reporting to convert oil to equivalent gas volumes (Mscfe) or gas to equivalent oil volumes (Boe).
Royalty calculation:
Gas volume (Mscf) * gas…"
Sylvester Deal replied to oildude's discussion 'Chesapeake releases production rates for two wells.'"MLB,
scf = standard cubic foot, usually defined at 60F and 14.7psia ( average atmospheric pressure at sea level)
Natural gas measurement nomenclature predates the metric system prefix like kilo = thousand, mega = million.
The old timers used Roman…"
Sylvester Deal replied to oildude's discussion 'Chesapeake releases production rates for two wells.'"Billy,
Read carefully company announcements. The Buell well in Harrison Co. OH produced 9.5MMscfg and 1,425bpd of NGL and oil. The 3,010bpd was figured by dividing 9,500Mcfg by 6Mcf/bo to get 1,583 barrel oil equivalent. This is a…"
Sylvester Deal replied to Billy Park Whyde's discussion 'U.S. Cuts Estimate for Marcellus Shale Gas Reserves by 66% !'"Folks,
This is old news, thoroughly hashed out in the past year when USGS came out with their 84Tcf estimate for future recoverable. EIA now using proved reserves plus probable reserves for their new total, not the estimated resource base by…"
Sylvester Deal replied to Mark's discussion 'Question about Queenston Clause'"Your lease is held by production by the shallower (Clinton) well. To you it may not seem right but that is how it is in Ohio. An attorney familiar with oil and gas transactions in Ohio will tell you the same."
Sylvester Deal replied to Gunner Ostergard's discussion 'Elk Sandstone foundation'"Glenn,
What Jasper was saying is connect to the Geologic Survey for a chart that shows the relative positions of oil and gas formations in the subsurface. Here a link to the PA-GS online correlation chart and for the Devonian Shales…"
Sylvester Deal replied to Tanya Gabriele's discussion 'Chesapeake Declares Eastern Ohio RICH IN OIL!'"Jim,
See CHK press release. No maps, just promote.
http://www.chk.com/News/Articles/Pages/1590490.aspx
SD"
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- Bakken, Barnett, Haynesville, Marcellus, Utica
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AboutWhat 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 ] |
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