I thought that this was some positive news to relate.
National Fuel Gas NFG has posted its 2Q earnings/news. The whole report is a good read, but here is the relevant part:

"In the East division production was up 31% as compared to last year’s second quarter. And essentially flat from first quarter 2014 as no new wells were brought online. Last month however, we initiated production on Pad R and Tract 100. The seven Pad R wells came on at rates ranging from 17 million a day to 22 million a day. The average lateral length was 5,100 feet with 34 frac stages and well cost averaged about $6 million.

If we look at IP rate versus well cost, this is our best Pad today. And furthers our status as the most successful operator in Lycoming County. Our total Lycoming County production is now 310 million cubic feet per day. We have just begun to drill out and run tubing on another Tract 100 Pad, the 10 well Pad T. We expect that pad producing to sales by the end of July.

In the Claremont area, we are completing our first 9 well pad. We expect to bring this pad online when the gathering system is fully installed likely sometime in July. A second 6 well pad will come on a month or to later. And in Tioga County, the Tract 595 we will complete and turn on a six well pad in August. Adding that all up that's 31 new wells coming on in our fiscal fourth quarter. With this new production, I expect our East division fiscal 2014 net exit rate will exceed half a Bcf per day."

Not bad!

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