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Permalink Reply by Billy Park Whyde on February 6, 2012 at 3:33pm

Restrictions can always be renegotiated, if a company is interested in a particular area they will have to buy it just the way we buy pork chops, but loose language is what screws a landowner as once signed there is no new negotiations.

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Permalink Reply by Area Man on February 7, 2012 at 12:58pm

Just remember, the royalties are where the real money is - the upfront payment value is what people tend to point to but really you want a producing well and the initial per acre bonus won't be as big a deal.

 

But to get back to your original post, I'm not sure I fully get what you're looking for but you can certainly have different phases of hydrocarbons in a single horizon - that is, in a single Utica well you could potentially have some fraction of oil, some fraction of wet gas, and some fraction of dry gas.  Additionally, in a particular area operators may target different horizons which have different maturity and therefore hydrocarbons present.  So again, a pad may have a Utica well that, as the Utica is deeper, is generally dry gas, and a separate Marcellus well that produces wet gas.

 

Hope that helps some.

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Permalink Reply by rmc on February 11, 2012 at 7:17am

I think what Melissa is asking is could one have dry gas in a Marcellus well and have oil(wet gas) in a Utical well on the same drilling pad or would both shales tend to have the same type per location ?

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