Well flow back/flare started yesterday evening!
Beautiful Orange Flames!
Interesting that they are flaring this.. do they not have infrastructure built out to currently take this to sales? Just doesn't make sense that they would flare this well.
Blueflame - the take away pipeline is being built now after completion of the well. Have you listened to the webcast for the recent analysis & investors meeting? It would be interesting to read your comments after you listen to it. Particularly listen to the Development portion of the webcast.
Awesome. Good to see they'll be able to get that gas out of there soon.
I had a chance to listen to listen to the operations and development section. I still think they are in the infancy of CPA Utica. I tend to believe them when they say that the SWPA utica is probably more faulted. I think we all need to see more data though when it comes to the PA utica before we hang our hats on the successes. Looking at slide 39, the stacked Utica could be a game changer for the basin but at the same time, everyone thought the stacked Marcellus/Upper Devonian was the next Permian and that hasn't panned out so far.
In the development section, they stated they are looking for 14-18 months of flat time. The difference between 14 and 18 months at 25 MMcf/d (Aikens 5M) is almost 3 Bcf of gas.. that can drastically change the EUR per 1000ft.
I think it was back in the Q&A or Cone Midstream section that they acknowledge CPA is in the infancy stage. In particular, the infrastructure needs developed. More pipelines needed to take away the gas either to the north or to the south. Pipelines seem to be the hang up to a more rapid drilling program. XTO is also in the area too planning to drill Utica wells. The stacked pay for the 3 Utica zones seems to be the game changer for CPA vs SWPA. Agreed??
Spike`s KIn - What is a gama signal and how does it relate to these gas wells? Any news of CNX putting in new pipelines in Indiana or Jefferson counties? A new pipeline is being installed for the Marchand well now.