More good news for the Utica:
Shugert 1-12 Results
Prolific!! I see the choke on this is 32/64 as opposed to 26/64 on the 1-1H
Does anyone know what the horizontal length of this well is compared to the other top producing wells?
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.
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.
Shugert 1-12H , 640 acres, 6783' lateral, 77% on Shugert land, balance on land owned by two others.
Shugert 1-12H 6783' lateral length
Wagner well ~8200" lateral length
Much more good news and the NG price will be low very long.
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.
It is near the middle of Belmont County
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.