is the grip and rip method good for us or them

I see initial Ip numbers with huge amounts with a extreme decrease within the first few years. Is this method good for the landowner or o and g companies. After ten years will the total output be the same as if they controlled the flow. Should we be fighting for more control in our leases on how they utilize our resource. Any info would be appreciated.

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Permalink Reply by bo boboski on May 19, 2014 at 11:05am

They could always open em up,let em peter out in a few years, then go over 500 ft. ,drill another,suck it dry, then drill another,etc.etc. ,then eventually go back to the 1st one and re-frack it. go again. Move up ,or down,drill another formation,or two.They pay themselves off in months! Maybe they choke em down,make em last for 15/20 years so they DONT have to drill others while they hold the acreage by production.?  but what do I know?

Permalink Reply by jason irvine on May 19, 2014 at 12:03pm
You obviously know a lot. Thanks for the info.
Permalink Reply by Bill Barnaby on May 19, 2014 at 12:17pm

They're also experimenting to see if going full bore will make the well give less overall, than slowly draining it also.

One other thing we should project is gas prices in 5 years or 10 years, the well could make twice as much money.

Permalink Reply by Tony Yurina on May 19, 2014 at 3:45pm

One true axiom, when you subtract from something, you always end up with less.

The old smart operators in the tight sands learned that if you didn't pull the guts out of a well, it would flow more volume steady longer term at a controlled rate as compared to flowing all the gas a well could possibly produce each day.   I think the current shale operators are trying to experiment and learn in order to learn the optimum flow regime for maximum EUR. 

Permalink Reply by David Perotto on May 19, 2014 at 10:45pm
"Should we be fighting for more control in our leases on how they utilize our resource"

Not to sound rude but what makes a landowner and his/her attorney more knowledgeable than the O&G company? They have the incentive to optimize the total recovery of the resource. The only caveat may be if the O&G co is financially struggling they may open it up now to help cash flow in the short term. Therefore sign a lease with a financially strong company and let them do their job.
Permalink Reply by INVICTUS on May 19, 2014 at 10:45pm

Can anyone comment on wells at a pad site (or even between pads) "communicating" with one another?

Is this seen as a desirable or undesirable thing?

Permalink Reply by farmgas on May 20, 2014 at 12:07am

I once heard about one well communicating with another one, and it was considered a bad event.  As I understand, the fracked area from one well was too close to another and the end result was one was shut-down.   I`m not certain if it`s a pressure loss issue or something else.  

JS do you have insights into this situation, and many thanks for your knowledge about this industry?  :)

Permalink Reply by jason irvine on May 20, 2014 at 3:22am
Thank you David. Very sound advise

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