Time to production after drilling

Hello, 

As of 4/19/14 the ODNR website says that the following wells have been drilled. Does anyone know how long it takes to get from drilled to producing and then paying royalties. 

Thanks in advance! 

08/29/2013 CARROLL LEE 34019223500000 Drilled CHESAPEAKE EXPLORATION LLC SHAW PROPERTIES 4-13-5 1H 40.5170905 -80.9848085 40.5272171 -80.9990873
08/29/2013 CARROLL LEE 34019223510000 Drilled CHESAPEAKE EXPLORATION LLC SHAW PROPERTIES 4-13-5 3H 40.5170595 -80.9847480 40.5282270 -80.9963446
08/29/2013 CARROLL LEE 34019223520000 Drilled CHESAPEAKE EXPLORATION LLC SHAW PROPERTIES 4-13-5 5H 40.5170285 -80.9846912 40.5292725 -80.9936011
06/03/2013 CARROLL LEE 34019223530000 Drilled CHESAPEAKE EXPLORATION LLC SHAW PROPERTIES 4-13-5 12H 40.5169237 -80.9846540 40.5020179 -80.9664507
06/03/2013 CARROLL LEE 34019223540000 Drilled CHESAPEAKE EXPLORATION LLC SHAW PROPERTIES 4-13-5 10H 40.5169574 -80.9847108 40.5007653 -80.9694716
09/27/2013 CARROLL LEE 34019223550000 Drilled CHESAPEAKE EXPLORATION LLC SHAW PROPERTIES 4-13-5 8H 40.5169884 -80.9847712 40.4988280 -80.9738459
08/29/2013 CARROLL LEE 34019223570000 Drilled CHESAPEAKE EXPLORATION LLC SHAW PROPERTIES 4-13-5 7H 40.5169975 -80.9846307 40.5302906 -80.9908581
Updated 04/19/2014

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0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on May 5, 2014 at 6:38am

That's a simple question with a really, really complicated answer.  It depends on any number of factors, the biggest being the takeaway capacity from the wellhead to its final destination.  Remember, drilled doesn't mean that the frac has happened yet.  You're looking at 60-90 days after the frac before they even open it up.  Let's assume that pipeline(s) are all around these wells and that once the resting period is complete that they can turn it on and go.  You're still looking at about 90 day drag time in royalty payments.  So if the wells were drilled and the frac was completed by the date you mentioned above your best case scenario is first check in middle to late October. 

Permalink Reply by Bill Barnaby on May 5, 2014 at 7:28am

Marcus is right, easy question, impossible answer almost.

First issue: ODNR is not "up to date" and are always behind.
2ed issue: We don't know if there is infrastructure at the well

3rd: we don't know how long the resting period will be (if any).

As you can imagine, it's hard to say. The good news is the frack does not take long (I am thinking like two days, but could be longer).

Permalink Reply by James Foster on May 5, 2014 at 10:22am

Probably still WOPL ... waiting on pipeline.

Permalink Reply by Summer Johnston on May 5, 2014 at 11:07am

Even the Clinton well royalty checks are at least 60-90 days behind the production. I would think Utica well royalties would follow a similar pattern.

Permalink Reply by Steve on May 7, 2014 at 3:54pm
Thanks everyone! Looks like there are a lot of variables. I'll hit up Chesapeake.
Permalink Reply by Anonymous on May 8, 2014 at 10:54pm

It was a year from drill to check for us

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