Replies to This Discussion

Permalink Reply by Philip Thackray on September 13, 2014 at 2:37pm

FMV,

I saw that too.  They have a Rhinestreet permitted at the Rex Micheals well pad on 68.  It will be interesting to see what the Rhinestreet is like.  XTO drilled and completed a Utica up on 528 - that will be interesting as well.

Your spelling is exact!

Talk to you later!

Phil

Permalink Reply by RB on October 10, 2014 at 4:36am

Interesting FMV.  How large is that unit?  640?  Hopefully you will interpret the results for us.

Permalink Reply by Oliver Perry on October 10, 2014 at 11:30am

RB,

These are not unit designations. They are applications for well permits.

Permalink Reply by RB on October 11, 2014 at 2:52am

Oliver, I figured that which is why I asked how large the unit was. Granted I am not as well versed as you guys on these matters. It seemed to me to be a large quantity of wells for one unit. Feel free to correct my understanding of things. As far as type of resources they are drilling for or to which layers the plan to drill to, I didn't know they needed an app for each. Where is that unit anyway?

Permalink Reply by Philip Thackray on October 11, 2014 at 3:41am

Krendale Golf Course on Rt 68 South West of Butler, PA

Too early for Declaration of Unit documents to be recorded.

Most recently, new Rex leases have 1280 acre (2 square miles) maximum unit size language and Rex has been asking Rex leaseholders with 640 (1 square mile) language to modify the leases to the 1280 acre limit.

Also, multiple units can be formed from one well pad.  There are many examples of this locally with Rex and XTO.

Phil

Permalink Reply by RB on October 11, 2014 at 4:09am

Hmm. I thought unit could have multiple well pads. Didn't know they did well apps before unitizing. Thanks Phil.