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?

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Permalink Reply by The Hiker on June 2, 2013 at 2:54am

Yes, I see what they are pointing out.   Interesting.  I do appreciate that the target here is the point pleasant, but would the increased porosity of the Utica shown in logs like these have led Chesapeake to choose the north over the south as the best area?  Maybe that, coupled with increased thickness?  Like searcherone said, one answer leads to 5 more questions.....

I went to a presentation by Hulbert with Eclipse when they first came into Noble county, and he presented a series of maps showing why they thought Northern Noble/South eastern Guernsey was the best spot.  TOC, thickness...that kind of thing, but lots more detail.   I now wish I had brought a camera because I didn't appreciate the value of what I was looking at then.

Permalink Reply by Busy Bee on May 31, 2013 at 10:51am
Here is another Markwest article from today.http://www.eidohio.org/category/archive/
Permalink Reply by Busy Bee on May 31, 2013 at 10:55am
Bob they do mention 4 counties in this article I buzzed by today . Give it a read. Still good for all as I stated before.http://www.eidohio.org/category/archive/
Permalink Reply by Brian Oram, PG on June 1, 2013 at 10:10am

It good be a graded or interbedded limestone or an area with very low porosity and very little carbon.

Good Luck

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