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Permalink Reply by jeff lavoie on March 5, 2013 at 9:04am

SO YOU THINK THERE COULD BE SOME LIQUIDS AT THE WHITICRE WELL

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Permalink Reply by jeff lavoie on March 5, 2013 at 9:49am

with that much gas coming out of a well i wonder if it will give other gas companies an incentive to drill around that location in the near future even if the price of natural gas stays around the same mark ,,,2333barrels a day times 90dollers =209970 a day that times 30=6,299,100 a month that times 12=75,589,200 a year    HG ENERGY IS CURRENTLY DRILLING ANOTHER WELL IN MONROE COUNTY

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Permalink Reply by jeff lavoie on March 5, 2013 at 9:59am

HIGH BTU GAS ....PLEASE

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Permalink Reply by searcherone on March 5, 2013 at 3:51pm

Jay, this is a layman's opinion of the wet marcellus area for Monroe Co.:

Jackson, Lee, Ohio, Salem, Switzerland townships  these townships all border the Ohio River and

Jackson Twp: Beaver marcellus well drilled 2010 by Beck Energy vertical only.

Lee Twp: the Tippens well is actually Green Twp,but is on the Jackson, Lee Twps border;  local knowledge is well is coming to Stalder property with lots of  laterals  this is all Eclipse Resources

Ohio Twp.  Eisenbarth well is producing in marcellus  drilled by Protege and now owned by Statoil;  Magnum Hunter now has the Ormet well that was drilled vertical a couple of years ago  now drilling another well with hortizontal laterals.   Eclipse has made statement that the btus on this Ormet well is 1400.

Salem Twp.  The laterals from Ormet well look as if they will reach into Salem.

Switzerland Twp.  XTO has permit to drill a marcellus and a utica on a pad in this twp.

All this is laymen's HO.  Comments from those of you more knowledgeable than me would be appreciated, as well as corrections.

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Permalink Reply by DJM on March 5, 2013 at 3:20pm

Joe, what makes you think the utica is dry gas in monroe Co. ohio?For that matter what info. can you share that tells you that the Marcellus in that area is wet?

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Permalink Reply by 0i7okn54zwbdo on March 5, 2013 at 3:02pm

Jeff, as an add on to Joe's information the average price realized per BOE is based on the contents.  So a well making 100% gas producing 2,000 BOE is less valuable than a well that is 25% gas, 50% NGL and 25% condensate making 1,500 BOE.  It's a really antiquated measurement that confuses people and makes it tougher to figure out what the actual price realized is.  For instructional purposes I'll put out there that Gulfport is getting ~$40 BOE from their Utica wells (this is an estimate based on where their hedges are currently).  So the math isn't straightforward.

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Permalink Reply by jeff lavoie on March 7, 2013 at 7:43am

INTERESTING

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