Replies to This Discussion

Permalink Reply by gary SWF on August 15, 2013 at 3:01pm

Ron, I assume you ment started this past Monday(in August).??....Thanks, Gary 

Permalink Reply by Ron Webb on August 15, 2013 at 6:09pm

sorry,messed up the date They started fracking Monday 8/13/13

Permalink Reply by Jim White on August 5, 2013 at 6:54pm

I keep hearing about northern Washington County. What's the issue with the rest of the county. I have a lot of land just across the river.

Permalink Reply by gary SWF on August 5, 2013 at 7:18pm

Hang tight......it will get there in do time......maybe this time? .....it is kind of like a wave of water moving from the northeast to the southwest with time......we have a little property to the west of the Niell well.....waiting just like you.......infrustructre is the real problem.....there is just so fast they can move....I believe PDC needs a big brother Partner like Chevron.....$600 million is a lot of money it would appear except in the Oil/Gas business.....PDC mentioned in last weeks 2nd qt financial update call that they were looking at other producers to get involved in the area with them. Chevron for instance is generating about $2.3 billion excess cash flow per quarter(or about $25 million/day) with over $25 billion in cash on the balance sheet.....their stock holders are not real happy campers....either pay the money out in dividends or invest the money....I'm betting they reinvest at some point......PDC is not a large Oil/Gas company, they are more of an exployer.....lets see whats out there and if it is good, then get the big boys involved........I would hope it is close to time to get the big boys involved........on the other hand, be careful what you wish for.........ALL IMHO

Permalink Reply by Sam Cox on August 10, 2013 at 12:13pm

I work in the industry, and as previously mentioned, the infrastructure is just not here yet. There are no pipelines or compressor stations for the horizontal wells in Washington County, don't expect to see much activity by a larger company until the processing plant in Noble is almost completed. I'd say it will be another year or two until things really start to pick up in this area. 

Permalink Reply by gary SWF on August 31, 2013 at 11:00pm

Aug 28, 2013

Brokerage firm reports that the best Utica wells point to Washington County

The Houston office of the full service brokerage firm Wunderlich Securities, Inc. released a report last week declaring that after "writing about the Utica-Point Pleasant Play for two years now... a clear trend is emerging: the best wells are lining up like a string of pearls and connecting the dots would lead us to Washington County, [Ohio]." Among the many key points covered in "Utica Shale: A String of Gushers Leading to Washington County," is the assessment that while Chesapeake Energy "remains the most active and largest player," Gulfport Energy "remains a top pick as it sits in the Utica catbird's seat." For more, visit the Wunderlich Securities website.

Permalink Reply by oildude on September 6, 2013 at 6:53am

Any recent news about this well?

Permalink Reply by gary SWF on September 28, 2013 at 3:23pm

Ron mentioned they started fracking  this well on Aug. 13......if they rest it for 60 days, they should be about ready to test it for  initial production........anyone heard anything?....Also saw on here that Gulfport is starting to not rest their wells after fracking, but putting them in to production right away.......Thanks in Advance, Gary

Permalink Reply by Ron Webb on October 5, 2013 at 12:55pm

In PDC latest presentation James Trimble{CEO} said they would flow test this well in coming weeks.

Also says after moving to Garvin and drilling 2 more laterals will move to Neil and add 2 more laterals.

Also will add second rig to Utica in early 2014

You can listen to presentation at petd.com   Oct2 in archived events webcasts&presentations investers relations

Permalink Reply by gary SWF on October 5, 2013 at 7:21pm

Ron....Thanks for the info......I listened to his presentation....very interesting...Gary

Permalink Reply by Ron Webb on October 16, 2013 at 10:39am

The state has anounced a permit for a second lateral, the Neil 2H last week,PDC must have good results for the first lateral.

Permalink Reply by gary SWF on October 17, 2013 at 2:40am

Ron, Thanks for the update,....I agree.......Gary

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