Curious and Looking For Experiences With Shut Ins - GoMarcellusShale.com2024-03-28T14:45:47Zhttps://gomarcellusshale.com/forum/topics/curious-and-looking-for-experiences-with-shut-ins?commentId=2274639%3AComment%3A824274&xg_source=activity&feed=yes&xn_auth=noAlthough their stock price is…tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8244192020-02-29T02:03:06.793ZDanhttps://gomarcellusshale.com/profile/Dang
<p>Although their stock price is no where near what it was the price went up a hefty % today when everyone else’s dropped with the new lower NG futures price. <br></br><br></br></p>
<p>back to Covid 19, where have you seen news of panic other than the stock market? I haven’t heard this anywhere. Investors make moves based on current knowledge. The unknowns about Covid 19 have them spooked. You are correct that yearly common flu sickens and kills an extraordinary amount of people and we are very…</p>
<p>Although their stock price is no where near what it was the price went up a hefty % today when everyone else’s dropped with the new lower NG futures price. <br/><br/></p>
<p>back to Covid 19, where have you seen news of panic other than the stock market? I haven’t heard this anywhere. Investors make moves based on current knowledge. The unknowns about Covid 19 have them spooked. You are correct that yearly common flu sickens and kills an extraordinary amount of people and we are very unconcerned. Measles is ridiculously contagious with little public concern last summer when it appeared. If not Covid 19 eventually a virus will sweep thru effecting a large swath of the world. It’s a matter of when not if. Hopefully Covid 19 is not that virus but we should still do what is possible to contain and mitigate its spread. Worst case experts say it could hit 1/3 of the world population with 80% suffering no symptoms to symptoms of the common cold flu, headaches to severe illness. Of those that get sick 2% have died. Even if our Pretty good health care system cuts that to 1/2%, when one person gets sick they are transmitting it to 2 to 3 others and so on. Of coarse the same way to prevent spread is the same steps that we don’t follow to prevent the flu. If this virus doesn’t weaken soon it will be devastating. Like it or not the supply chains are already disrupted and the effect on energy is already here. It won’t last forever.</p> This agreement is with Equitr…tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8244182020-02-29T01:31:29.306ZBW_Appalachiahttps://gomarcellusshale.com/profile/BWAppalachia
This agreement is with Equitrans, so probably less of an indicator for the rest of the Basin. Deal included a large WV acreage dedication, so sounds like good news for landowners there.
This agreement is with Equitrans, so probably less of an indicator for the rest of the Basin. Deal included a large WV acreage dedication, so sounds like good news for landowners there. Amen, Granddad!tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8243712020-02-29T01:29:19.471ZLori Huberhttps://gomarcellusshale.com/profile/LoriHuber
<p><span style="font-size: 12pt;">Amen, Granddad!</span></p>
<p><span style="font-size: 12pt;">Amen, Granddad!</span></p> That’s a very good question.…tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8242752020-02-29T01:28:37.789ZBW_Appalachiahttps://gomarcellusshale.com/profile/BWAppalachia
That’s a very good question. While it’s certainly possible for some to escape, the gas is still trapped within the formation. The geologic walls that separate the formations remain undisturbed during a frac, unless there is a fault or issue with the frac itself.<br />
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The geologist and operations teams can also tell from the properties of the gas if there is any communication with another formation. Otherwise, they can be confident that only the Marcellus was frac’d and the gas remains in place. The…
That’s a very good question. While it’s certainly possible for some to escape, the gas is still trapped within the formation. The geologic walls that separate the formations remain undisturbed during a frac, unless there is a fault or issue with the frac itself.<br />
<br />
The geologist and operations teams can also tell from the properties of the gas if there is any communication with another formation. Otherwise, they can be confident that only the Marcellus was frac’d and the gas remains in place. The landing zone of the formation is much smaller than most think and there isn’t a lot of room for the gas to escape. The size of your doorframe is the best visual for the size of the landing zone. I hadn't heard that. That's g…tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8241862020-02-29T01:25:36.295ZLori Huberhttps://gomarcellusshale.com/profile/LoriHuber
<p><span style="font-size: 12pt;">I hadn't heard that. That's great. I know they were selling (or sold) their midstream company (Equitrans) and have been doing everything they can to reduce operating costs and increase revenue. That sounds like a positive move.</span></p>
<p><span style="font-size: 12pt;">I hadn't heard that. That's great. I know they were selling (or sold) their midstream company (Equitrans) and have been doing everything they can to reduce operating costs and increase revenue. That sounds like a positive move.</span></p> I'm glad you brought that up…tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8241842020-02-29T01:17:27.605ZLori Huberhttps://gomarcellusshale.com/profile/LoriHuber
<p><span style="font-size: 12pt;">I'm glad you brought that up because it's something that I've been wondering about, particularly since the market decline and producers dialing back production and, of course, shut ins. The basics of shale gas extraction as I understand it is that there is natural gas trapped inside the black shale layer of the earth (Marcellus in our region) and in order to reach it drillers drill into the layer and "frack" it, cracking open the shale rock and releasing the…</span></p>
<p><span style="font-size: 12pt;">I'm glad you brought that up because it's something that I've been wondering about, particularly since the market decline and producers dialing back production and, of course, shut ins. The basics of shale gas extraction as I understand it is that there is natural gas trapped inside the black shale layer of the earth (Marcellus in our region) and in order to reach it drillers drill into the layer and "frack" it, cracking open the shale rock and releasing the gas to be pumped out and transported to market via pipelines. Probably a VERY simplified description, but I think essentially the process. So, what I have wondered is, where does that released gas go if it isn't trapped and pumped out of the ground? If the shale rock encasing it is fracked (cracked) and the gas is free to escape, how is it saving anything to stop or decrease pumping it out? It isn't sealed down there, in the rock, so could obviously dissipate outside of the range of the well pipe(s) if not kept under pressure and pumped out. My thoughts have been on the lines of losing gas by decreasing output or shutting in rather than saving by waiting for higher market prices. I read BW_Appalachia's explanation on production output of shut in wells put back into production BUT how can we TRULY know how much gas has actually dissipated while backed off or shut in? It's not a solid product. Gaseous elements can seep through just about anything not air tight. It's been a question I've had for a long time and wonder if anyone has truly been able to answer it with certainty? I don't see less long term production as a fair trade off for waiting for higher market prices. It's a gamble.</span></p> Agreed on the Corona Virus bu…tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8243702020-02-29T01:00:15.381ZLori Huberhttps://gomarcellusshale.com/profile/LoriHuber
<p><span style="font-size: 12pt;">Agreed on the Corona Virus business. The media is taking it <em>completely</em> out of control and causing the panic. Even data from China has been sensationalized and made worse than it actually is. It's what they do, and of course, if they can use any story to their advantage, they will - true or not. I don't believe that Covid 19 has any more effect on the O & G industry than the regular flu strains we deal with every single year. The ONLY reason there…</span></p>
<p><span style="font-size: 12pt;">Agreed on the Corona Virus business. The media is taking it <em>completely</em> out of control and causing the panic. Even data from China has been sensationalized and made worse than it actually is. It's what they do, and of course, if they can use any story to their advantage, they will - true or not. I don't believe that Covid 19 has any more effect on the O & G industry than the regular flu strains we deal with every single year. The ONLY reason there is such negative speculation and reaction is because it is being incited by media activists. If everyone would calm down and actually read or listen to the facts, it would be a non-starter. People die from flu every year. Far more than stats for Covid 19 are reporting, in fact. They are the people who have weakened immune systems due to age (both young and old), have other conditions or illnesses that the virus worsens or worsens the virus, or don't seek medical care when necessary if symptoms don't improve. The only story here is that China's health care system sucks and that when there is a health condition that is spreading worldwide, we need to implement strict quarantine and entry protocols into our country to reduce the spread. It's all craziness. This is the 3rd viral epidemic plaguing China which should tell the rest of the world something about China's healthcare and safety protocols. But it has NOTHING to do with O & G consumption. Despite the number of cases and deaths overall, it is not enough of the world population to affect the economy, other than via fear instigated by the media causing market frenzy. These media outlets should be fined for their unscrupulous tactics and inciting panic. It's ridiculous. Cover your mouth when you sneeze. Wash your hands several times a day. Avoid hand shakes and hugs over the flu season. Try to keep your hands away from your face and mouth. And if someone in your house is sick, spray surfaces with disinfectant and continue to follow basic flu season protocol. That's IT. (Apparently they don't do any of that in China.) SARS, MERS, and now Corona; all from China, and we managed to survive them all. People need to get control and stop the panic.</span></p> Thanks BW tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8241832020-02-29T00:59:38.809ZDon Chttps://gomarcellusshale.com/profile/donaldacarman
<p>Thanks BW </p>
<p>Thanks BW </p> It’s a regulatory status at t…tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8242742020-02-29T00:47:05.451ZBW_Appalachiahttps://gomarcellusshale.com/profile/BWAppalachia
It’s a regulatory status at the ODNR. Different then the lease provision.
It’s a regulatory status at the ODNR. Different then the lease provision. Well then how can the state o…tag:gomarcellusshale.com,2020-02-29:2274639:Comment:8243692020-02-29T00:41:28.361ZDon Chttps://gomarcellusshale.com/profile/donaldacarman
<p>Well then how can the state of Ohio consider it shut in along with drilling company?</p>
<p>Well then how can the state of Ohio consider it shut in along with drilling company?</p>