gastar results in wv utica
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Permalink Reply by Mike Murphy on
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WHERE ARE U GETTING THIS INFO FROM ......PLEASE COPY AND PAST THE ARTICLE U ARE REFERRING TOO
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Permalink Reply by marcellusinvictus on
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I'm interested in hearing answers to the original poster's question about PSI and IP and look forward to seeing the production numbers from Gastar's first Utica well. To the others that have replied, Gastar provides information about their drilling operation on their website under NEWS RELEASES and they even have a operations update link right on their front page under RECENT RELEASES. Our property is in Marshall County, we're leased with Gastar and hope for their success.
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Permalink Reply by jason irvine on
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Mike. I would but I don't know how on my phone. I looked under the news tab. And say the article. Thanks twb. I hope your well is a record breaker. I'm not to far from it as the crow fly's in wetzel Tyler. I watching you and the Stewart wind land closely. I also hope someone knows if that pressure can tell us something about the production.Good luck bro or sis.
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Gastar Exploration Updates Initial Utica/Point Pleasant Well
HOUSTON, June 16, 2014 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") reported today that it has reached total depth on the vertical pilot hole for its first Utica/Point Pleasant well in Marshall County, West Virginia. The Simms 5-UH well was drilled to a total depth of 11,410 feet and encountered approximately 92 net feet of pay in the Point Pleasant formation with measured porosities up to 17%. Gastar expects estimated formation pressures to be approximately 9,400 psi upon completion of the well.
Gastar is currently plugging back the well in order to drill a 4,200 foot horizontal section in the Point Pleasant formation. After drilling the lateral, a 23-stage completion is planned followed by a three week "soaking" of the well with first production expected in late August 2014.
Gastar's President and CEO, J. Russell Porter, commented, "These results have confirmed our expectations regarding the Utica/Point Pleasant formation. As a result of this information, and the Utica/Point Pleasant results reported by other nearby operators, we are planning to move forward with a program that should rapidly de-risk this asset and add substantial net asset value to Gastar."
About Gastar Exploration
Gastar Exploration Inc. is an independent energy company engaged in the exploration, development and production of oil, natural gas, condensate and natural gas liquids in the United States. Gastar's principal business activities include the identification, acquisition, and subsequent exploration and development of oil and natural gas properties with an emphasis on unconventional reserves, such as shale resource plays. Gastar is currently pursuing development within the primarily oil-bearing reservoirs of the Hunton Limestone horizontal oil play in Oklahoma and the development of liquids-rich natural gas in the Marcellus Shale play and dry gas in the Utica Shale play in West Virginia. For more information, visit Gastar's website at www.gastar.com.
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Permalink Reply by The Hiker on
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17% porosities and 9400 psi with 23 stages and 92' of pay....the gas should come outa the well like a racehorse. Any guesses? I'll say the IP will be 50+/- 5 Mmcf/d. You?
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Permalink Reply by jason irvine on
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Mike and the hikerThank u. And I would scream with joy a 50 well. I wish I had a guess. I don't know much about the pressure thing. I so hope you r right
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