Devon Energy wells

Anybody know what's going on with the 4 wells that they didn't plug?
RHDK Inv Guernsey
Chumney Trust Guernsey
J Hill Coshocton
Hershberger Wayne

ODNR has all these wells as status "producing", but nothing is being produced.

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Permalink Reply by Upstream1974 on February 19, 2015 at 10:52am

 A Devon/Marathon partnership in Ohio doesn't sound horribly impossible. Both of the midstreams  work well together geographically in the state. ENLK and MPLX are JV'd in Louisiana now. MLPX had discussed a crude oil gathering system across the Devon acreage in Ohio. Im not sure where that is currently. MPLX recent Open Season for the Cornerstone pipeline is married with additional Utica Build-out projects.  

Permalink Reply by Bluejack Farms on February 19, 2015 at 12:42pm

Thanks Upstream!

Dexter, you say" Wayne County makes zero sense at almost any price"........ the wayne county well hasn't been plugged. How much sense does it make for Marathon buying into all Devons  wells and acreage in Michigan when every single well Devon drilled has been plugged?

Permalink Reply by Bluejack Farms on February 19, 2015 at 12:53pm

Permalink Reply by Dexter Green on February 19, 2015 at 3:29pm

It makes no sense.  There's obviously something else going on, I can't see what it is yet.

Permalink Reply by James Vanderink on February 20, 2015 at 1:02am
This Devon/Michigan deal makes zero sense. Where's the facts? I can't find anything on it. Believe me I hope it's true for the landowners. 0 for 8 on wells drilled? Shocking! Landowner beat down?
Permalink Reply by Bluejack Farms on February 20, 2015 at 3:31am
The latest

Roscommon County 2/10/15
Devon assigns Marathon 89 leases

Gladwin County 2/17/2015
Devon assigns Marathon 467 leases
Including the plugged Cronk, Greer and Wiley wells
Permalink Reply by Paul Martinelli on February 20, 2015 at 3:35am

Is Marathon the player behind the Wells in SE Tusc. County that are using GASFRAC?

Did they figure something out?

Are they "land grabbing" before releasing the info?

Permalink Reply by James Vanderink on February 20, 2015 at 7:51am
Purely speculation here but I could see a scenario where Devon couldn't find a buyer at a certain price and let Marathon in for a "song". Maybe they saw something in the data room that warranted another round of capital in MI. Get some bits in the ground and its a win win for the landowners.
Permalink Reply by Bluejack Farms on February 21, 2015 at 5:28am
This whole deal makes me think Devon had no intention to produce in Michigan or Ohio. Just a bunch of science projects to sell.

http://m.ourmidland.com/mobile/opinion/editorials/fracking-michigan...
Permalink Reply by bo boboski on February 21, 2015 at 5:54am

Maybe working for the Chinese?

Permalink Reply by Cy Hawkins on February 21, 2015 at 7:11am
Upstream, your slide showing the crude oil gathering system seems to be the existing Ohio Oil Gathering line that runs from Holmes county through Coshocton to the Blackrun rail station that is owned by Devon/Enlink.
Interesting. Enlinks recent open season mentions the possibility of connecting points on Holmes and Coshocton. Maybe Marathon and Devon are JV here too.

http://enlk.enlink.com/m/#/Press_Releases/46168218-409c-43b0-8629-1...
Permalink Reply by Upstream1974 on February 21, 2015 at 12:38pm

http://www.marathonpipeline.com/Shippers/Cornerstone_PipelinUtica_B...

MPLX Cornerstone/Utica Buildout Option 2 could be the Crude Oil Gathering System from the slide. ESH is the MPLX line that runs through the DVN acreage. Persons with access through the Confidentiality Agreement would have further details. Way beyond my pay scale. 

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