BTU Factor and gallons NGL per Mcf

Can someone explain the conversion of  gallons NGL/Mcf into a BTU factor?  Or estimate a BTU factor from gallons/Mcf?  What's the math?   I can estimate the ethane/propane/iso butane/normal butane and natural gasoline percentages in a barrel if required.   Thanks.

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Permalink Reply by The Hiker on March 14, 2014 at 10:33am

Phillip:  You are lucky to have a friend with access!   It is hard to believe that the oil company will allow this.   Of course, I would welcome the same opportunity (and will request it) when our wells are drilled.

With regard to price:  The neighbor's check stub apparently is based on the "Nymex Strip" price for gas,which is listed in the company's presentations...but not the higher "hedged" price (also listed in the company presentation),   Shouldn't the landowner's share be based on the higher hedged price?  It seems that if that is what it was sold for, then that's the sale price.  Or does the company assume that they purchased the gas from you for Nymex and then resold it for another price?  Sounds like a shell game.....

Permalink Reply by Philip Thackray on March 14, 2014 at 11:04am

Hiker,

Here in Western PA, XTO folks in the field are old T W Phillips people and are mostly local.  They probably are bending the rules for my friend.  But the important thing is that such information exists right at the well head.  If you have an audit clause you would certainly have access to such information at least once a year if not more often.

I think the Nymex strip (12 months average of futures contracts - right?) would be a good way to price the gas to the landowner.  The producers pay to hedge and are taking a chance - they could win or lose.  They could get less than the Nymex strip price depending on the hedge and then have to pay you more than they get.  Even if they generally "win", they are paying to play that game.  I'm told that XTO is so large that they do not bother to hedge.

The NGLs have less of a (pricing) market and where the prices are coming from are hard to pin down.  XTO has a cryogenic plant here but not a fractionator so they are selling a combination of propane and butane as NGLs.  Eventually, the ethane recovery will begin and the NGLs will get even more complicated.

Phil

Permalink Reply by Harry E. Rose on March 13, 2014 at 3:02pm
Deer Spotter, Thank you for the infromation. I have learned a lot today. Harry
Permalink Reply by INVICTUS on March 15, 2014 at 1:18am

Can anyone speak to whether this equipment pictured here are the monitoring items we are speaking off?

Feel free to embellish.

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Permalink Reply by deer spotter on March 15, 2014 at 5:07am

Small natural gas compressor, red box is the control panel, on the white pipeing the item with the round top part with the red ribbon is either a pressure or flow controller. Just from what is in the pic. I would say dry gas. Did not see any measurement.

Permalink Reply by Philip Thackray on March 15, 2014 at 1:50am

Invic,

The setup on my unit is quite different from what you are showing.  I will take some pictures and post them here.  It may not be until next week.

Is the picture you have posted a dry gas well?

Phil

Permalink Reply by INVICTUS on March 15, 2014 at 2:24am

Dry/wet/oil. I've got quite a bit more detail I can post if I can get some help with identifying the mechanism for this particular site.

Permalink Reply by Philip Thackray on March 15, 2014 at 2:45am

Invic,

"Dry/wet/oil" - good for you!

Your setup there is quite different from the XTO setups here.  It's rare to see a compressor on a well around here.  Locally, compression is centralized and occurs as the last element before the cryogenic plant.  A local well - the Rex Energy Lynn pad - has a compressor but that was a special deal because they were feeding the output downstream of the centralized compressor.

I'll get some pictures but the XTO setup may not have the same elements as your setup.

Phil

Permalink Reply by INVICTUS on March 15, 2014 at 5:31am

Folks, I'm getting some good comments on equipment that may be associated with Oil & Gas metering , production flow measurement, etc.

Can anyone Comment on what this stuff is?

I believe it includes associated RF telemetry (Transceiver?) Links that, via Cell phone (or other data spectrum??) communicate information between a well site and the O/G company.

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Permalink Reply by Philip Thackray on March 15, 2014 at 5:50am

Invic,

Those white boxes looks like what XTO has on the Marburger B unit (my unit).  There is a cell phone like communication system, one well pad transmitting to another then that pad to another and so on to the Mother Ship.

I'll get some pictures soon.

Phil

Permalink Reply by deer spotter on March 15, 2014 at 6:00am

The two flanges on the red pipe with the tab sticking up is an orifice plate used for measurement. The white box on the red pipe should contain the measurement instrument could be electronic or mechanical. cell phone require less power and less solar panels then the two electrical  white boxes shown in the picture. Could be to operate valves and/or compressor from a central location.

Permalink Reply by INVICTUS on March 15, 2014 at 7:59am

Thanks, Philip & Deer !  

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