ENERVEST MAY DRILL INTO OTHER FORMATIONS

Good article found at Cantonrep.com which includes Enervest and their plans that may include drilling into other formations.  The key line states "If Enervest sells all of it's Utica Leases, it still plans to remain in Ohio to drill other formations. The article is titled "Utica Players Selling Drilling"

I don't have any luck attaching a link.  Go to CantonRep.com

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Permalink Reply by Jim on March 10, 2013 at 9:19am

Utica Players Selling Drilling  This will take you to the article

Permalink Reply by Brian Powers on March 10, 2013 at 10:19am

Jim -

At least one of the operators that I worked for took advantage of drilling to new or deeper formations where productive wells and infrastructure (pipelines, compressors, plants, etc) were already  in place. We called this Infrastructure lead exploration, or ILX, and is was a great way to accelerate and commercialize new opportunities, many of which employed the same completion technology as existing productive zones,

 

Brian

Permalink Reply by Kathleen on March 10, 2013 at 10:56am
I wish the article had at least some information of which formation. It just says they might drill into other formations. Maybe their next investor conference call (not sure exactly what it's called) will have the information in it. I'm curious.
Permalink Reply by Brian Powers on March 10, 2013 at 2:24pm

JODI-

If one has the advantage of exploiting a naturally fractured or highly organically rich/source rock zone, the frac pumps do not have to work as hard and this is often a good thing...

Brian

Permalink Reply by Ralph D Blakeslee on March 11, 2013 at 4:33am

A few years ago, Texas Instruments ran thumper trucks through Monroe County, WV.

 

They found "energy" containing voids in Eastern overthrust at depths ranging between 18,000 and 32,000 feet, some over a mile from top to bottom. Any chance Enervest (and/or others) may be looking at this?

Permalink Reply by Ed C on March 11, 2013 at 4:43am

No

they are simply retaining their rights to drill conventional wells in Clinton & Knox and possibly horizontal  marcellus wells. 

Enervest had been around Ohio since before the Utica was "discovered".  As E&P's go, they are more "P" than "E"  they also have far more land than a company their size can effectively drill.

Permalink Reply by Jim on March 11, 2013 at 10:40am

Ralph,

Any Idea what formations are down that deep?

Permalink Reply by Ralph D Blakeslee on March 11, 2013 at 11:21am

Eastern overthrust folds formed when tectonic plates (continents adrift) colided eaons ago.

Permalink Reply by Jim on March 11, 2013 at 11:45am

From what I understand of how this is able to happen, the rock layer that ends up on the bottom is saturated with fluid like water or maybe oil and is therefore softer than the harder layer that ends on top (plate tectonics) which creates a fold.  If this is correct, then there is a chance the bottom fold contains oil. 

Permalink Reply by Brian Powers on March 12, 2013 at 3:51am

Jim -

Source rock is important, as is trapping mechanism and seal in creating O&G reservoir potential. Overthrust drilling is often very problematic, but can be hugely successful, Amoco Production Company's Wyoming Overthrust play is a prime example: 500 dry holes before the first hit (by another operator), and then the game was on...

 

Brian  

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