Replies to This Discussion

Permalink Reply by Rich on August 18, 2014 at 10:03am

Hey Trapper good morning! Can't down load info. About production from patterson wells have you seen them and how do they look? Thanks Rich

Permalink Reply by Trapper on August 12, 2014 at 9:00pm

http://ir.rexenergycorp.com/releasedetail.cfm?ReleaseID=865896

Permalink Reply by Trapper on August 18, 2014 at 10:20am

Rich I think they have declined 40% so far. Will try to look when I get home.

Permalink Reply by Rich on August 18, 2014 at 10:22am

Thanks would appreciate that! Rich

Permalink Reply by Trapper on August 18, 2014 at 9:31pm

Rich

Patterson 2013 1H well started life @2,800 mcf /day and latest report shows 1,600 mcf/day (43% decline)

 

Patterson 2013-6 well has gone from 1,900 mcf/day to now @1,200 mcf/day (37% decline)

 

Looks like it averages out to 40%.

Permalink Reply by Rich on August 18, 2014 at 10:25pm

Thanks trapper! If I remember right I thought the ip was 6-7 million a day am I wrong about this? It shows on the one site that there are 4 wells producing an 4 wells that have been permitted . I wonder what the choke size is on theses wells? And what the oil an liquids are? Thanks Rich

Permalink Reply by Trapper on August 18, 2014 at 10:59pm

Initial average would be 4.8 million cubic feet /day if you add them.Who knows how accurate these reported #s are. The kinkela well reported 4200 bbl of oil the first period and not a drop since! What gives with that....? Interesting to see Rex's two Lawrence County wells reporting several thousand bbls of condensate. Hope that's in our future with Rex.

Permalink Reply by Rich on August 18, 2014 at 11:28pm

My lease is up in May 2015 and just trying to keep up with production rates to help with lease. If they don't do something before then! I'm going with 7,000 per acre an 20% gross no deductions. I have a couple neighbors that have leases that are done Mabey we can get a deal together it's over 50 acers so we'll see.

Permalink Reply by Trapper on August 19, 2014 at 6:52am

I have til Oct. 2016. My lease has a same terms option to extend another 5 yrs. Hope to get drilled before that but either way would be happy. Best of luck to you Rich. It would be great to see you get 7K/acre.

Permalink Reply by Rich on August 19, 2014 at 11:24am

Thanks Trapper! How far are you from patterson well? An my motto is if don't ask for what you want you'll never get it! All they can do is say NO! And good luck to you also.

Permalink Reply by Trapper on August 19, 2014 at 12:05pm

Your welcome Rich.
I am about 2 or 3 miles east/southeast of there in New Beaver near Yost Farms. Thanks and best wishes to you and yours as well!

Permalink Reply by Trapper on August 20, 2014 at 8:13am

Looking at Rex's presentation pertaining to the Shell acquisition,I am concerned about the blue area called Lawrence County West being labeled dry Utica. What about Marcellus and other formations? I thought we were wet.....?

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