Curious comment made during todays Markwest shareholder meeting
Randy Nickerson, Sr VP & Chief Commercial Officer for Markwest said during todays shareholder meeting:
“Utica; we all know the southern part of the utica does not have as much rock (as the northern part), but the point pleasant, the key zone in the southern part has this phenomenal frac barrier. We're seeing wells north of 15 million mcf, some north of 20 million mcf/day and hanging in there at 12 mcf with 5 gal/mcf of c2+. Turning out to be very rich. To the west they are richer, but we're not seeing the 20mil/day, but more like 2, 3 or 4.”
When I looked up “frac barrier”, this appears to be a geologic feature (like a natural perpendicular crack) that stops propagation of the crack induced during the fracturing event. It sounds like a negative thing, but he spun it as a positive thing. What gives?
Views: 4482
Replies to This Discussion
-
Permalink Reply by TM on
-
Looks to be a northern, central, and southern core play developing right now. I wonder in the end if just these certain core counties will be good and other counties outside the core will just be marginal. Only time will tell I guess.
-
Permalink Reply by Busy Bee on
-
Harrison county is part of the southern Utica extent . I believe from Harrison to the south will be outstanding production . The Buell , Wagner and Boy Scout are all ringers. They pretty much take up a good geographical portion of the county. I would consider the northern half to be Carrol, Columbiana,Stark,Trumbull and Mahoning.
-
-
Hiker , they are talking about Harrison . The well they mention in the Markwest transcript is the Wagner in southern Harrison.
-
Permalink Reply by The Hiker on
-
Thanks. I wonder who the "odd man out" would then be (in their estimation)?
-
Permalink Reply by Tim Tarr on
-
Reedsville shale? Siltstone and fine grained Sandstone.
Think of a "Frac barrier" like a cap rock in a conventional reservoir. Like that lid on a Big Gulp.
-
Permalink Reply by Donald on
-
Reading the posts about the southern part of the utica being the most productive, does this mean meigs co. will see some of the larger o/g co's move into the aera, as the wet gas extends through meigs co. as some of the maps show?
as of now their dosen't seem to be much going on in meigs co. or athens.
-
-
Bob I did not see in the article where CHK mentioned northern Harrison as not being in the core area . The article mentions Carrol and Columbiana ?
-
Permalink Reply by searcherone on
-
Hiker and Bob
Here is a link to "old" article from Nov 2012 talking about where the play is. I had read it some time ago, but couldn't really believe what I was reading-- especially this quote from Ben Hulburt of Eclipse Resources. Article has great pictures.
http://www.encore-energy.com/uploads/Oil%20and%20Gas%20Investor%20_...
Quote from Ben Hulburt:
"Looking to results of neighboring operators, Hulburt says he is comfortable that the northern half of Noble and Guernsey counties look very good. The well results have actually been better than the Carroll County area, in what we originally saw as the core of the play," he says. "We went into this area thinking it would be 75% as good as Carroll County. It's looking like the results are better."
-
-
Hey Bob , I've been buzzing all over Southeastern Ohio and I know one thing for sure . From northern Harrison down through Belmont , Monroe and over into eastern Guernsey and Noble is all Good ! They are all dripping wet with gas and oil just like honey ! You copy ! Lets not get hung up on county line boundaries and the sort . In a couple of years there will be more wells in the area than you could even think about . And that's right out of the mouth of people in the know where I've been buzzing around !Dont believe the negative press the Utica has been getting as of late either. The real action is just beginning .
-
Permalink Reply by The Hiker on
-
Ditto that, Bob. I just took a drive thru parts of N. Noble, E. Guernsey and W. Belmont, and the amount of activity is incredible. Be careful on the highways, y'all, those pipeliners will run you off the road!
The voice recognition software that was used to transcribe the Markwest meeting is pretty good, but it did get as least one word wrong. I recorded, and listened to the Q&A many times to transcribe what I posted, and I swear the guy said "phenomenal frack barrier", which fits the discussion pretty well (no pun intended)....
The Eclipse presentation section in the article that searcherone posted was quite interesting even tho some months old. I also believe that we will be properly astounded when these wells are "opened up". Obviously, there is some very, very good reason these folks are spending all this $ here. The Rubel #2 appears to be in the middle of stimulation, and to see all the equipment, personnel, activity....it's quite a sight....there is money dripping out everywhere. It looks like there is a small rig on the Norman/Yontz pad, where last week was the biggest flare I've seen yet. Lots going on down SR379 in Monroe.
-
Permalink Reply by The Hiker on
-
Here's an old one that I managed to copy, not knowing that REX would take it down. I think it's page 10 that talks about the porosity/thickness of the point pleasant. I hope this works.......
-
Permalink Reply by The Hiker on
-
yep, that's the one. Can't teach an old dog new tricks....You're good. March 2012 preso if I remember...
The Eclipse seems to have a misprint. One page says the porosity gets better to the south, the next page says the opposite, even though the diagrams seem to say south is better...?
I'm interested in your opinion of the large, dark green dot indicating the Rubel well in Monroe (page 13/Eclipse). According to the legend, this indicates 80-100% liquids. I think I saw a Magnum Hunter presentation that divulged the Rubel results but can't locate it. 80-100% liquids and 3000+ BOE is a monster. Strange, because the well is in the "east" and one would think it would be "gassier". They are drilling lots of wells in that area, so something was good about it other than a pipeline in the area....
- ‹ Previous
- 1
- 2
- 3
- Next ›
Top Content
Latest Activity
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
