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Permalink Reply by 0i7okn54zwbdo on February 23, 2013 at 12:06am

I wish we could move past the antiquated and misleading BOE numbers and instead see a breakdown of actual production volumes by specific stages of hydrocarbon.  If the Cain well was 75% NG and the Walters well was 25% NG they'd have two very different prices attached to them.  Even though one produced less "BOE" than the other it would still out earn its superior by a staggering proportion.

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Permalink Reply by bo boboski on February 23, 2013 at 5:09am

You mean like,"back when coke was a coke", and oil was oil?

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Permalink Reply by arminius on February 23, 2013 at 9:54am

Amen, Marcus.  I've had a hard time understandking the frenzy to lease land around Barnesville as to compared to the lands more westerly in Guernsey County:  When one looks at the percentage of condensates in the 2 wells we have complete information for in Guernsey County, Gulfport's Groh1-12H and PDC's Onega Commissioners 14-25, both are near 60%.  Compare this with Gulfport's Shugart 1-12H, the "monster" well drilled near Barnesville: It came in at only  4% condensate and nearly 60% natural gas.   Setting aside completion techniques, lateral lengths, and other technical points I am of a loss as yet to understand, and assuming the fall off in NGL pricing that is sure to ensue once all the production comes on line, would not one want to own a well with the highest percentage of the most valuable commodity, condensate? 

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