Monroe county....New "Top Dog" in shale play? (8,800 BOE/D)

Antero Resouces just released these production #'s this morning.  Check out pg 3.

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Permalink Reply by Billy Park Whyde on August 27, 2013 at 9:26am

Perhaps this is a misunderstanding of simplification. My understanding is if your in say for simplicity a 1800 acre unit and there are say 6 landowners contributing 300 acres each into that unit each land owner would get their share of royality based upon production of the unit as a whole regardless of the location of the laterals.

Permalink Reply by Carl Krebsbach on August 27, 2013 at 9:49am

What constitutes a well?   The way the table in the PDF is set up, different laterals are listed separately, each with their own production.  Are the laterals actually completely separate wells who just have wellheads close together on the same pad?  Are they tied together on the surface, or do they branch out in different directions below ground, with a common vertical shaft?  If the latter, how is the split between laterals sealed?

Thanks!

Permalink Reply by Steven A Joliat on August 27, 2013 at 9:59am

According to the API standards, (American Petroleum Institute,) each lateral is given a unique identifying number that can designate it as a separate well.  This is how most companies handle it.  Functionally, I suppose it does not really matter all that much whether you consider it one well with multiple laterals or many wells.  The production from the pad is usually reported by the total for the unit rather than reported out by individual well or lateral.  Depending on how much of the API identifier is read, you can tie the individual laterals back to their parent wellbore if that serves your purposes.

Permalink Reply by Carl Krebsbach on August 27, 2013 at 10:22am

Okay, that helps clarify it for me.  Physically, is there just one vertical shaft for multiple laterals, or does each lateral have its own vertical shaft?

Thanks, you guys are really giving me an education!

Permalink Reply by Steven A Joliat on August 27, 2013 at 10:36am

Typically a single vertical wellbore is drilled and then the laterals will be drilled using this bore at varying depths.  The new walking rigs can drill several closely spaced vertical bores each of which can have multiple laterals.  I'm speaking as a geologist, perhaps one of the petroleum engineers can expand on this a bit.

Permalink Reply by Carl Krebsbach on August 27, 2013 at 11:24am

I wonder how the junctions in the casings are handled?  How does one install a Y below ground like that?

Permalink Reply by Madd man on August 27, 2013 at 12:00pm

For Antero, each lateral has its own vertical shaft.  So each leg is a completely different hole usually spaced at least 15ft apart.

Permalink Reply by Chappy76 on August 27, 2013 at 7:53pm
I'm part of 1 640 acre parcel in Franklin twp. South of Summerfield.
Not sure how many are in this area.
East of the old Zurchers Quarrey
Permalink Reply by Madd man on August 27, 2013 at 12:06pm

Yes you are correct.   For antero, each pad has two 640 acre units.  Each unit typically has 3 legs.

Permalink Reply by searcherone on August 30, 2013 at 8:26am

Calculations on what the Yontz well drilled by Antero will produce in terms of money!!!

http://www.theintelligencer.net/page/content.detail/id/589141/Well-...

Permalink Reply by The Hiker on August 30, 2013 at 12:01pm

Here's something to think about:   If the Norman 2H comes in equal to the Norman 1H, the gross one year royalty for one acre in the Norman/Norman/Yontz 450 acre unit would be ~$75,000.  This assumes current NGL/Condensate pricing of $108.8, gas at $3.62, royalty share of 21%, a depletion curve based on the Gulfport Boyscout well, and an initial 30 day rate equal to 1/2 of the published IP (this estimate is based on results published by Magnum Hunter for their wells in the Eagle Ford), and assuming that it all could be transported off the well pad as Bob Chase points out.

If you had 121 acres in that unit (someone does), your theoretical gross (no deductions) payday could approach $9 mil in the first year.

Permalink Reply by Harry E. Rose on August 30, 2013 at 1:51pm
Common logic tells me there are several variables in the real world that you have not considered. IMHO CAUTION, do not spend it till you get it.

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