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 The Hiker on August 30, 2013 at 10:04am

Read the article Searcherone posted for a list of variables.   Maybe you have some other variables based on your common logic to add?   That might make a good thread, actually.  

Rather, it's not my intention to calculate every combination of variables (now that really would be a great spreadsheet), but simply to calculate the "theoretical gross at 21% royalty using the published IP's with no deductions, and using the depletion rate of the Boyscout well" (as I stated).   Obviously, each lease, each well, and each pipeline will have its own set of variables which will affect the royalty (as the article stated).  BUT, the gross amount from this unit is truly staggering, and this is what my post demonstrates.   I thought that was clear?  

Permalink Reply by Harry E. Rose on August 31, 2013 at 6:34am
Sorry, I was not condeming your article, but like the content and the effort you put into them. I was concerned that someone might spend more than they received later. I just did not do well on stating my concern.
Permalink Reply by The Hiker on August 31, 2013 at 8:49am

Hey, no problem.   It was a hot day. lol.   So far, none of my neighbors have gone "hog wild" spending their lease money (or more) thinking that it's only a matter of time before they start getting the big checks.....most have it invested.   But, I'm sure there are some out there that have thrown their common sense to the wind and spent it all, and then some...Not to say there haven't been a few that took a portion and built a new house, or purchased some new farm equipment, but I haven't seen them borrow to buy yet.  Yes, that would not be smart.   If the future wasn't filled with uncertainty,  we would all have gained wealth a long time ago.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on August 31, 2013 at 5:34pm

Not to be pedantic but NGL prices and condensate prices are very, very different and lumping them together creates an inaccurate total number.

Permalink Reply by The Hiker on September 1, 2013 at 4:16am

Absolutely.  NGL's have been quoted above oil @115% WTI, and below.   Equal is an approximation, certainly.

Permalink Reply by Chappy76 on September 1, 2013 at 2:43am
So where and when was this big money well drilled?
I don't see any Pa. Wells producing
More Than 300.00 month.

I'd love to see it. Just hard to fathom.
Permalink Reply by The Hiker on September 1, 2013 at 4:18am

Monroe County/ Seneca Township, Ohio.  There is a whole string of 'em next to each other.   It is hard to fathom.

Permalink Reply by Chappy76 on September 1, 2013 at 5:30am
Hope we get that lucky in Franklin twp.
Permalink Reply by Sherry Martin on September 19, 2013 at 3:56pm

How is the price of a BOE determined?

Permalink Reply by Ridgerunner on September 20, 2013 at 12:31am

Does anyone have any idea when the infrastructure and pipelines will be finished for the Seneca I and II?  I know on the Mark West website it says 3rd and 4th quarter but does anybody know anything firsthand?  

Permalink Reply by Chappy76 on September 20, 2013 at 12:53am
Has anyone heard where Antero is drilling next in Monroe Cty.
Permalink Reply by The Hiker on September 20, 2013 at 1:42am

Chappy ;  It's called the "Loraditch" and is east of the Rubel wells about a mile or so, just off Skin Creek road.

Ridgerunner:  The Markwest pipeline is still unfinished in a few places, but essentially complete in Noble County.

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