mcf question

IF SOMEONE TOLD YOU YOIR WELL WAS PRODUCING 4200mcf a day would that be good or bad?

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Permalink Reply by BIG on February 13, 2014 at 8:31am

Some leases state what a producing well consists of.  Some of the more recent lease state that a producing well is  a well that can at least cover the operating cost of the well.  You should contact the ODNR to see if they have any information.

Permalink Reply by Kevin on February 13, 2014 at 8:43am

Paul are you sure that is 55mcf or 55,000mcf? 

Permalink Reply by Paul Martinelli on February 13, 2014 at 8:47am

It says 55MCF....Clinton well.....12.5%.....my cut: $15

Permalink Reply by Kevin on February 13, 2014 at 9:18am

That's around 1800/ day. Pa or Ohio? Not that it matters. That's the lowest production I have seen. There are some locally, NEPA that are around 500,000/ day. In our area the lack of pipelines are slowing up some companies. I'm lucky SEPCO has their own midstream companies. 

Sorry about that I had the numbers wrong, by a lot, a couple decimal points.

 

Permalink Reply by Paul Martinelli on February 13, 2014 at 9:21am

old Clinton wells, 20+ years old...in Ohio

Permalink Reply by Kevin on February 13, 2014 at 8:45am

Is it 290,000MCF or just 290 MCF and was it producing the entire year.

Don't get confused with MCF vs MMCF. 

Numbers I have on my statement read 247,637MCF for OCT which really translates into 247,637,000 cubic feet per the month or 7.988 million cubic feet /day.

The well came on line May 23 and was producing around 5.7 million/day. It gradually climbed to the 7.988 million/day in Oct and fell to 2.77 million/day for Nov. I'm assuming they turned it down for some reason.  If it fell that much naturally I would doubt they would be drilling well #2 and #3 as I type this.

Permalink Reply by DGS on February 13, 2014 at 4:39pm
Our landman told us that we'd see a decrease in production as other wells were drilled on a pad.
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on February 13, 2014 at 4:59pm

Your landman is an idiot.  These wells have not communicated with one another in any published case.  They are each individual and their production is not contingent on surrounding wells.

Permalink Reply by JL on February 13, 2014 at 8:51am

In what formation is this well producing 4200 MCF a day?

I've noticed that some supposed oil and gas people don't know what one MCF is.

Permalink Reply by Kevin on February 13, 2014 at 9:19am

I was confused over that for a while. I think I understand it now.

Permalink Reply by DONNA M SELLERS on February 13, 2014 at 10:05am

WHAT DO YOU MEAN BY FORMATION? MY WELL IS IN SW PA. A GAS WELL. IT JUST WT INTO PRODUCTION IN SEPT. 2013. I SENT CHK A EMAIL ASKING HOW I COULD SEE HOW MUCH IT WAS PRODUCING. THE EMAIL I RECIEVED BACK SAID I WOULD KNOW MORE WHEN I GET CHECK DETAILS FOR TOTAL MONTHLY PRODUCTION VOLUMES. THEN IT SAID IN A SENTENCE BELOW THAT  WELL WAS CURRENTLY PRODUCING 4200mcf GAS PER DAY. I VISITED THE WELL IN FIRST WEEK OF OCT. 2013 AND WAS TOLD BY A FULL TIME WELL TENDER THAT IT WAS PUTTING OFF 8 MILLION. SO IM STILL CONFESSED. GUESS ITS A WAITING GAME...

Permalink Reply by JL on February 13, 2014 at 10:17am

Being in PA and seeing CHK, it must be a horizontal Marcellus well.

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