In 2019 we began two new 3D seismic shoots, each of approximately 10 sq.miles: the Meigs South and the Brookfield East. We plan to drill a well in each of these 3D areas to prove out our significant scientific research.
The four fundamentals to our approach are:
Using our unique subsurface understanding, locate wells in structurally superior positions where organic content is greatest
Utilize 3D seismic to drill laterals in the target zone where hydrocarbon saturation is greatest
Drill longer laterals with optimal completions
Team with a midstream partner for infrastructure buildout
Good to see these guys giving this a shot. Artex has always made some pretty sound investments - can't wait to hear how they do.
Artex has a lot of old Clinton wells. if they have the deep rights,their leasehold in these areas may be impressive.
AEP acreage Bo
Artex was one of the largest O&G producers in Ohio before the Utica came along. I'm sure the majority of their leases in Guernsey, Muskingum & Noble all mostly not limited to specific depths.
The Texans shot high. Should be like shootin’ fish in a barrel now. Lol.
Keeping the bit in the pay zone should help out, but the area is under pressured. Decline curve is too great for any of the real shale operators to have interest. Best of luck to Artex though.