Replies to This Discussion

Permalink Reply by Shower Bath on January 1, 2014 at 12:14pm

Buell 8H       API Number  34067210570100

Year                  Oil                  Gas              days in production

2011              13,472 B       1,523,465

2012               9,779 B        1,657,548  

2013 Q3            546  B          337,295               91 days

Randy

Permalink Reply by jerry allen on January 2, 2014 at 6:21am

Randy,

The 2013 Q3 results indicate a significant drop in oil production.  Does this sudden drop imply a short life of high oil output ?

Jerry

Permalink Reply by Shower Bath on January 3, 2014 at 8:02am

Maybe. Remember, the Buell well is pretty far east of the oil window, and is closer to the dry gas zone than the wet gas area. It was one of the first test wells and it's early production surprised most people. Most of it's liquids were NGLs and without proper processing plants two years ago, who knows how those were processed or sold? My "guess" is that the well is now sliding down the decline curve and psi is declining. At some point Chesapeake may have to consider some form of lift on the well to get the desired oil/liquids out of the well.

Randy

Permalink Reply by Booger on October 6, 2014 at 6:49am

KENNETH BUELL 8H	days	oil/day	gas/day	$/day
2011	198	68	7694	$37,576
2012	341	29	4861	$22,344
Q1 2013	79	17	3539	$15,856
Q2 2013	38	18	3935	$17,540
Q3 2013	91	6	3707	$15,428
Q4 2013	88	4	3296	$13,584
Q1 2014	84	3	2956	$12,124
Q2 2014	90	2	2853	$11,573
totals to date	1009	$21,637,882

Permalink Reply by Busy Bee on October 6, 2014 at 8:57am

Thanks Booger . What would the monthly royalty be for this well on an average over the years of production so far .At a 12.5% net bottom dollar lease anyone want to take a shot at it ?

Permalink Reply by jonathan M. on October 6, 2014 at 9:21am

mrough estimate would be to take the dollar amount listed in the numbers above divide that by unit size then divide that by 8 to give you your dollar/day.

Permalink Reply by jerry allen on October 6, 2014 at 1:19pm

Can someone give me the number of acres in the Buell unit?

Permalink Reply by Booger on October 7, 2014 at 6:22am

177 acres.......but those $ numbers are figured at $4gas and $100oil....so that's a wild guess.

but that would translate into $2.7mm in royalty at 12.5%.....or approx. $15,000 acre....to date.

.......and production seems to be holding pretty good.

Permalink Reply by Busy Bee on October 7, 2014 at 10:27am

Thanks Booger .Hopefully all the wells in the area are as good as the Buell .

Permalink Reply by Booger on December 8, 2014 at 3:02am

KENNETH BUELL 8H	days	oil/day	gas/day	$/day
2011	198	68	7694	$37,576
2012	341	29	4861	$22,344
Q1 2013	79	17	3539	$15,856
Q2 2013	38	18	3935	$17,540
Q3 2013	91	6	3707	$15,428
Q4 2013	88	4	3296	$13,584
Q1 2014	84	3	2956	$12,124
Q2 2014	90	2	2853	$11,573
Q3 2014	83	1	2858	$11,532
totals to date	1092	$22,594,978

Permalink Reply by Booger on March 29, 2016 at 9:49am

interesting that production increased after sitting a few quarters while they drilled adjacent wells.

KENNETH BUELL 8H	days	oil/day	gas/day	$/day
2011	198	68	7694	$37,576
2012	341	29	4861	$22,344
Q1 2013	79	17	3539	$15,856
Q2 2013	38	18	3935	$17,540
Q3 2013	91	6	3707	$15,428
Q4 2013	88	4	3296	$13,584
Q1 2014	84	3	2956	$12,124
Q2 2014	90	2	2853	$11,573
Q3 2014	83	1	2858	$11,532
Q4 2014	0	0	0	$0
Q1 2015	0	0	0	$0
Q2 2015	1	21	2445	$5,940
Q3 2015	92	8	3494	$7,374
Q4 2015	92	4	3089	$6,377
totals to date	1277	$23,865,952

Permalink Reply by Shower Bath on December 21, 2017 at 4:49am

If you check the new permits this week, you'll notice that Chesapeak permitted Buell wells this week.

• ‹ Previous
• 1
• 2
• Next ›
• Page