Gulfport Stock surges after Shugert 1-12H test results are reported - GoMarcellusShale.com2024-03-28T20:21:56Zhttps://gomarcellusshale.com/forum/topics/gulfport-stock-surges-after-shugert-1-12h-test-results-are?commentId=2274639%3AComment%3A373492&feed=yes&xn_auth=noShugert 1-12H 6783' lateral l…tag:gomarcellusshale.com,2012-11-30:2274639:Comment:3739692012-11-30T17:51:17.555ZBluflamehttps://gomarcellusshale.com/profile/JeffreyMiller
<p>Shugert 1-12H 6783' lateral length</p>
<p>Wagner well ~8200" lateral length</p>
<p>Shugert 1-12H 6783' lateral length</p>
<p>Wagner well ~8200" lateral length</p> Shugert 1-12H , 640 acres, 67…tag:gomarcellusshale.com,2012-11-30:2274639:Comment:3741232012-11-30T17:49:27.688ZBluflamehttps://gomarcellusshale.com/profile/JeffreyMiller
<p>Shugert 1-12H , 640 acres, 6783' lateral, 77% on Shugert land, balance on land owned by two others.</p>
<p></p>
<p>BluFlame</p>
<p>Shugert 1-12H , 640 acres, 6783' lateral, 77% on Shugert land, balance on land owned by two others.</p>
<p></p>
<p>BluFlame</p> Does anyone know how many acr…tag:gomarcellusshale.com,2012-11-30:2274639:Comment:3741182012-11-30T16:21:02.821ZBig Dhttps://gomarcellusshale.com/profile/DaveSimcox
<p>Does anyone know how many acres are included in this one well? If its around 640 acres then the royalties are huge. $5K/acre/month possibly more. NG price is going to continually increase too. </p>
<p>Does anyone know how many acres are included in this one well? If its around 640 acres then the royalties are huge. $5K/acre/month possibly more. NG price is going to continually increase too. </p> Warren Township (western side…tag:gomarcellusshale.com,2012-11-30:2274639:Comment:3738842012-11-30T06:16:34.929ZThomas Rockwellhttps://gomarcellusshale.com/profile/ThomasRockwell
<p>Warren Township (western side of Belmont County) about 4 miles N NE of Barnesville. Their next wells are located about 4 miles S SW of Barnesville. Hope they do as well. Gulfport picked up a lot of acreage in this area through Wishgard in the summer of 2011. Antero just picked up the 1,000 acres from the village, and Oxford probably holds about 50% of the land around Barnesville that they picked up for $5 back before anyone here had heard of Marcellus, let alone Utica. It will be…</p>
<p>Warren Township (western side of Belmont County) about 4 miles N NE of Barnesville. Their next wells are located about 4 miles S SW of Barnesville. Hope they do as well. Gulfport picked up a lot of acreage in this area through Wishgard in the summer of 2011. Antero just picked up the 1,000 acres from the village, and Oxford probably holds about 50% of the land around Barnesville that they picked up for $5 back before anyone here had heard of Marcellus, let alone Utica. It will be interesting to see where Oxford goes with their holdings.</p> It is near the middle of Belm…tag:gomarcellusshale.com,2012-11-29:2274639:Comment:3737482012-11-29T19:58:00.400ZJohn Hookshttps://gomarcellusshale.com/profile/JohnHooks
<p>It is near the middle of Belmont County</p>
<p>It is near the middle of Belmont County</p> Can anyone tell me where tis…tag:gomarcellusshale.com,2012-11-29:2274639:Comment:3738412012-11-29T18:16:30.516Zbrathttps://gomarcellusshale.com/profile/TadECrawford
<p>Can anyone tell me where tis well located? I could not find it on the state's list of permitted/drilled wells in Guernsey county.</p>
<p>Can anyone tell me where tis well located? I could not find it on the state's list of permitted/drilled wells in Guernsey county.</p> David,
I was just respondin…tag:gomarcellusshale.com,2012-11-29:2274639:Comment:3735902012-11-29T18:11:53.778ZBluflamehttps://gomarcellusshale.com/profile/JeffreyMiller
<p>David,</p>
<p> I was just responding to a hypothetical question by another GMS member in my first posting. The drilling unit sizes have been all over the map. However, Gulfport seems to be progressing to bigger units. Also, I've seen instances where the initial unit is "small", and gets expanded when they are successful and want to drill multiple laterals from the same pad.</p>
<p> BTW, the two Shugert wells are from two different pads.</p>
<p></p>
<p>BluFlame</p>
<p> </p>
<p>David,</p>
<p> I was just responding to a hypothetical question by another GMS member in my first posting. The drilling unit sizes have been all over the map. However, Gulfport seems to be progressing to bigger units. Also, I've seen instances where the initial unit is "small", and gets expanded when they are successful and want to drill multiple laterals from the same pad.</p>
<p> BTW, the two Shugert wells are from two different pads.</p>
<p></p>
<p>BluFlame</p>
<p> </p> Blueflame,
Wouldn't the Shug…tag:gomarcellusshale.com,2012-11-29:2274639:Comment:3737332012-11-29T18:00:41.625ZDavid Perottohttps://gomarcellusshale.com/profile/DavidPerotto
<p>Blueflame,</p>
<p>Wouldn't the Shugert 1-12H be just one lateral on the pad? In other words one well might be approximately 125 acres and not 1280? I could be wrong, but aren't these results from just one lateral?</p>
<p>Blueflame,</p>
<p>Wouldn't the Shugert 1-12H be just one lateral on the pad? In other words one well might be approximately 125 acres and not 1280? I could be wrong, but aren't these results from just one lateral?</p> Not sure but I believe the fi…tag:gomarcellusshale.com,2012-11-29:2274639:Comment:3736862012-11-29T17:47:12.598ZHappy for hardworking Farmershttps://gomarcellusshale.com/profile/HappyforhardworkingFarmers
<p>Not sure but I believe the first Shugert was 5800'. The Gulfport laterals seem to average a bit longer than other wells, but not by a whole lot.</p>
<p>Not sure but I believe the first Shugert was 5800'. The Gulfport laterals seem to average a bit longer than other wells, but not by a whole lot.</p> Jim,
You need to look at ea…tag:gomarcellusshale.com,2012-11-29:2274639:Comment:3738402012-11-29T17:05:48.218ZBluflamehttps://gomarcellusshale.com/profile/JeffreyMiller
<p>Jim,</p>
<p> You need to look at each component (oil, NG & NGL's) to get a valid revenue number. The BOE number is a BTU equivalent, so multiplying by $85 inflates the actual revenue. </p>
<p> My model also considers that the landowner only has 100 acres in a hypothetical 1280 acre drilling unit. I believe your corrected # of ~$1.4 million/month assumes only one landowner in the unit, which I believe is correct for the Shugert well. This well is a huge natural gas producer. I…</p>
<p>Jim,</p>
<p> You need to look at each component (oil, NG & NGL's) to get a valid revenue number. The BOE number is a BTU equivalent, so multiplying by $85 inflates the actual revenue. </p>
<p> My model also considers that the landowner only has 100 acres in a hypothetical 1280 acre drilling unit. I believe your corrected # of ~$1.4 million/month assumes only one landowner in the unit, which I believe is correct for the Shugert well. This well is a huge natural gas producer. I used $3.75/MCF for NG, $85/brl for oil and $35/brl for NGL's. Looking back, I neglected to deduct from NG for NGL's, but that would only reduce the well revenue number by ~$10K/day and the royalty by ~$2K/day, chump change in this model! Gulfport will not be able to achieve "full ethane recovery" until Mark West's midstream processing in Harrison Cty is on line and they are connected to the ATEX ethane pipeline.</p>
<p> Also, I've assumed a "gross"lease versus net.</p>
<p> Any way you cut it, Mr Shugert will be lighting his cigars with $100 bills (if he isn't already)!! The guy has the two biggest wells in the Utica, and things are just warming up!</p>
<p>BluFlame</p>
<p> </p>