did Ohio relax the 500' standoff for unit boundary?

check out this recent plat map of the Helen Halter wells in Harrison county......it shows the bottom hole only 30' from the unit boundary and shows the first perforation only 150' from the unit boundary.....same on the last perforation ......on each well............

the laterals are spaced pretty tight at 400' with a 900' cushion to the "sides" of the unit.......almost like they could add another one spaced at 400' and still have a 500' cushion........but both ends of the unit the fracking perforations are only 150' from the unit boundaries.

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Permalink Reply by Philip Brutz on January 9, 2015 at 2:01pm

It is hidden in the Hayes well permit application:  http://apps.ohiodnr.gov/mineral/oil/MRMImages/1/43/287855.pdf 

Start reading at page 17

Permalink Reply by Doc on January 5, 2015 at 3:53pm
The state of Ohio granted Hess a 150 ft set back on the drill pad on Flushing A in Belmont County. 5 wells are permitted. No notification was given to adjacent property owner prior to granting variance.
Permalink Reply by Booger on January 7, 2015 at 5:45am

Bill - is that 150' from heel and toe?...........or sides of the unit?.........there are a bunch of 150' setbacks on heel and toe but I haven't seen that on the sides yet. 

Permalink Reply by Philip Brutz on January 7, 2015 at 5:50am

From the platmap it looks like heel toe.

http://apps.ohiodnr.gov/mineral/oil/MRMImages/17/7/309446.pdf

Permalink Reply by Snort Widley on January 7, 2015 at 6:37am

The 400' spacing is a test.  Many of us think that's too close and they won't drill that close in the future unless they think they are truly accessing more rock.  As wells are drilled closer to each other the reserves per well will go down, so don't mix your numbers.  16 BCF will not be the average per well in development.  You also didn't take out of your equation the cost to acquire land, seismic, pay taxes, drill the well, or pay for all the support around a well for the next 40 years.

 

That being said, never sell your minerals unless your are really desperate.

Permalink Reply by Snort Widley on January 7, 2015 at 7:32am

You give the impression that the mineral owners that sold for $20k/ac got screwed.  You have to consider the life of the well economics to know if a higher price could really have been paid.  No royalties are paid till initial investment costs are recovered so it will be years before royalties are paid.  With depreciation, it may have been best for some to sell and get the money now rather down the road.

Permalink Reply by The Hiker on January 7, 2015 at 11:41am

Speaking of downspacing.........Antero has moved to ~450' for many new units in NW Monroe and a bit of NE Noble fairly recently, so there must be something about the rock in this area they confirmed from the GRAVES test:

UNITS

GRAVES             400'   

DAILEY               450'

SIBERIAN           462

DIMMERLING    450'

BENATAR           452

BIEDENBACH    450'

ULRICH              450'

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