Interesting research on Utica/Point Pleasant

http://www.itg.com/wp-content/themes/itg-decode/energy-2013/19-Manu...

This outfit, ITG, put together an interesting analysis of the Utica/Pt Pleasant in Ohio. I find the porosity analysis quite revealing, the best performing areas have the highest porosity. The northern utica has much less porosity, answering the question as to what is causing it to underperform. Based on my daily reading of the Utica (I need a better hobby), I now believe the two most meaningful factors are the depth to formation and porosity. Thickness of the shale and total carbon are just as high in the north, but the wells are not producing like the southern ones. This study shows Belmont, Guernsey & Monroe as higher porosity areas and the depth to formation is approximately 2,000 feet deeper than the north. 

Anyone have other observations as to what is the determining success factors?

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Permalink Reply by Joseph-Ohio on July 1, 2014 at 2:16am

Perhaps the New York moratorium will act to spur things on in Ohio and Pennsylvania ?

I truly believe that there are methods to extract from any formation, but, if it's easier (less expensive) in one place as opposed to another, we all know what will happen - the easier less expensive to extract resources will be developed.

Unfortunately local, regional, and national economies / development /  recovery are stalled in this process.

Also, in these unstable times (especially in the middle east) our national security is imperiled.

Why put ourselves through this meat grinder ?

Development needs to be more aggressive in my opinion.

Permalink Reply by Joseph-Ohio on July 1, 2014 at 3:25am
In my opinion, instead of subsidizing wars the Feds would do our country a real service subsidizing conversion to natural gas from diesel and gasoline burners across the board, and right now, not a few years from now.
Permalink Reply by gary smith on July 1, 2014 at 11:53am

joseph, the headcutters aren't going to let us ignore them.

Permalink Reply by Joseph-Ohio on July 1, 2014 at 12:25pm

We shouldn't ignore them either.

But I think we don't have to be in their yard.

Defense is definitely a priority - DEFENSE.

Keep a vigilant eye on them and should they present us with aggression we eliminate them.

I'm betting if we're not in their yard we wouldn't hear from them. 

If we did hear from them / if they bring it to us - like I said above - we eliminate them.

Let them live in their 3rd world stone age.

When they get tired of it let them go to Dubai for a vacation.

Let them eat and drink their oil themselves - don't buy anymore from them - develop our own resources - convert to natural gas here and save the majority of our oil / diesel / gasoline for our military uses.

I wouldn't sell our enemies any of our production either. I wouldn't buy or sell them anything.

Permalink Reply by gary smith on July 3, 2014 at 12:31am

you're betting if we aren't in their yard we wouldn't hear from them? then you don't know what they are about.

Permalink Reply by Joseph-Ohio on July 3, 2014 at 12:45am

I don't want anything they have in their yard and given our blessings I don't think any of us should (personally).

No, I don't know much of what they're about and don't want to know.

One thing they're about is they don't want us in their yard.

Another is that they hate us,.

I don't care if they hate us.

So, if they make war on us in defense of ourselves answer overwhelmingly and defeat them.

Otherwise let them enjoy their 3rd world.

Trying to force feed them our moralites / immoralities  (subjective) just isn't worth it to me in particular.

Protecting the world's oil supply isn't either - nothing in it for us.

Permalink Reply by Aaron R on July 1, 2014 at 12:43pm

This is one of the best threads I have seen on this site.  This is clear, objective information that is very helpful to everyone who has been wondering what the future holds for the northern Utica.  David - this is a very good report you have found.  To back up this information, I recommend people read the attached presentation made by Range Resources at the DUG East show in June. 

http://phx.corporate-ir.net/phoenix.zhtml?c=101196&p=irol-prese...

The consistent theme in your report and the Range report is that the lower porosity in the northern Utica makes it less attractive than the southern areas.  However, just as you (David) point out later, the hydrocarbons are still very much present in the northern Utica and will eventually be tapped.  It just so happens that the southern areas where the porosity is high are able to be developed successfully with the current drilling technologies and therefore are the most attractive to be drilled first.  When someone cracks the code in the northern Utica the development will pick up speed.  Probably some company like Gulfport with excellent technical capabilities will be the one to break through.  Maybe HIlcorp already has since they continue to move forward, although since they are a private company it is hard to tell.

Thank you for posting this report!

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Permalink Reply by Joseph-Ohio on July 1, 2014 at 12:59pm

Hard to tell is right Aaron.

Hard to tell, but, I have my theories.

I wish I knew more about the nomenclature within the graphs and charts and written narratives.

Hindered by that as a layman.

Thank you for the links Aaron.

Permalink Reply by David Perotto on July 1, 2014 at 2:42pm

Just to add some more information on porosity/permeability:

http://eaglefordforum.com/forum/topics/shale-poorosity?page=1&c...

This is from the Eagle Ford Forum, 2013

Permalink Reply by Joseph-Ohio on July 2, 2014 at 1:23am

Thank you once again Mr. Perotto.

Permalink Reply by time will tell on July 2, 2014 at 1:14am

Porosity is the King .

Example , which would drain a pond  quicker , using a straw or a culvert . 

When tests are done on a formation , porosity and reservoir source  are the the 

deciding factors .On shallower formations the water - brine are a big factor .

Is the amount of brine worth the oil - gas .

The Utica has a very low porosity but with the newer ways of fracking horizontal 

has made it work , so if you have a higher porosity those are the biggies .

Permalink Reply by Joseph-Ohio on July 2, 2014 at 1:25am

They'll get it when they want it no matter what.

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