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I have heard that it is "confidentially" a great well.
I was just saying yesterday.......need to see more permits for Tusc......which would indicate they like what they see and will continue inthe area.
Thanks
not bad at all...........million and a half bucks in a month.......and CHK don't crank the IP's.
Parker plat map link below. Proposed for 4 wells.
http://apps.ohiodnr.gov/mineral/oil/MRMImages/17/7/317089.pdf
The Oklahoma-based energy giant "continues to be pleased" by a horizontal well in Tuscarawas County that is producing more crude oil than expected, company senior vice president Chris Doyle said Wednesday in a third-quarter earnings call with analysts and the media.
The Parker well in Perry Township produced 14,714 barrels of oil from April through June, according to Ohio Department of Natural Resources’ records.
Doyle said the oil is flowing naturally, although the company may add mechanical lift in the near future to improve oil flow from the well.
The Parker well is "outperforming expectations," he said.
Chesapeake, the No. 1 player in the Utica shale, intends to add another four or five new wells in the area where Stark, Tuscarawas and Carroll counties meet by mid-2015 to search for oil, he said.
The so-called oil window is "growing, not shrinking," Doyle said.
The Utica oil is "not a company changer," he cautioned. "But we continue to be pleased with more results to come," he said.
Chesapeake, the No. 2 producer of natural gas in the United States, is working with several other drilling companies to find a way to tap into the Utica oil. Getting the oil will require experimentation because of low pressure, Chesapeake said. The company holds leases on 80,000 to 100,000 acres of land in that area that could yield oil.
http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/chesap...
Parker Well did 14,833 barrels of oil and 54,790 MCF of gas in the 3rd quarter report for 62 days of production.
TM, do you know what the 4th quarter production is for the parker well in tuscarawas county. Someone wants to know and i cant get it for him. maybe they dont have one i dont know. thanks tena
5,800 barrels of oil and 26,000 mcf in 31 days of production.
Thankyou David
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