LOOKING FOR OPINIONS - GoMarcellusShale.com2024-03-28T18:09:07Zhttps://gomarcellusshale.com/forum/topics/looking-for-opinions?x=1&id=2274639%3ATopic%3A199277&feed=yes&xn_auth=noThey will not permently reduc…tag:gomarcellusshale.com,2011-11-23:2274639:Comment:2008002011-11-23T17:14:24.919ZEasyhttps://gomarcellusshale.com/profile/robertstreahle
<p>They will not permently reduce the pad. They plan on coming back. When will determined by many factures. </p>
<p>They will not permently reduce the pad. They plan on coming back. When will determined by many factures. </p> The one that is working for m…tag:gomarcellusshale.com,2011-11-23:2274639:Comment:2006922011-11-23T16:35:55.730ZFinnbearhttps://gomarcellusshale.com/profile/Finnbear
<p>The one that is working for my land owner group in Wayne county does.</p>
<p>The one that is working for my land owner group in Wayne county does.</p> Agreed, but who thinks of the…tag:gomarcellusshale.com,2011-11-23:2274639:Comment:2008432011-11-23T16:21:05.854Zmike4thttps://gomarcellusshale.com/profile/mikefort
<p>Agreed, but who thinks of these things when you are looking at a lease? I bet few if any O&G attorneys do</p>
<p> </p>
<p>Agreed, but who thinks of these things when you are looking at a lease? I bet few if any O&G attorneys do</p>
<p> </p> Depends on how well their lea…tag:gomarcellusshale.com,2011-11-23:2274639:Comment:2007872011-11-23T16:12:48.038ZFinnbearhttps://gomarcellusshale.com/profile/Finnbear
<p>Depends on how well their lease is written.</p>
<p>Depends on how well their lease is written.</p> I wonder how the landowner wi…tag:gomarcellusshale.com,2011-11-23:2274639:Comment:2005892011-11-23T16:08:53.703Zmike4thttps://gomarcellusshale.com/profile/mikefort
<p>I wonder how the landowner will feel if after the first well pad is permanently reduced to 1 acre and then the O&G come back in and make another 5 acre well site?</p>
<p> </p>
<p>Will the landowner get recompensed for the "new" well site?</p>
<p> </p>
<p> </p>
<p>I wonder how the landowner will feel if after the first well pad is permanently reduced to 1 acre and then the O&G come back in and make another 5 acre well site?</p>
<p> </p>
<p>Will the landowner get recompensed for the "new" well site?</p>
<p> </p>
<p> </p> If I could predict the future…tag:gomarcellusshale.com,2011-11-23:2274639:Comment:2007402011-11-23T01:24:10.366Z3uq96odaochmjhttps://gomarcellusshale.com/xn/detail/u_3uq96odaochmj
<p>If I could predict the future, I'd be a ga-zillionaire by now :-)</p>
<p>If I could predict the future, I'd be a ga-zillionaire by now :-)</p> It costs less to move that ri…tag:gomarcellusshale.com,2011-11-22:2274639:Comment:2006212011-11-22T20:08:56.070ZBill andershttps://gomarcellusshale.com/profile/johnshermin
<p>It costs less to move that rig than it does to lose 1280 acres of leasehold that is expiring and is all owed another 2-5k/acre. </p>
<p>It costs less to move that rig than it does to lose 1280 acres of leasehold that is expiring and is all owed another 2-5k/acre. </p> True about b) Pa. is going t…tag:gomarcellusshale.com,2011-11-22:2274639:Comment:2005202011-11-22T18:55:48.201ZJim Litwinowiczhttps://gomarcellusshale.com/profile/JimLitwinowicz
<p>True about b) Pa. is going to have impact fees shortly. And no one knows what other regs and costs will be placed on the industry.</p>
<p>On the other hand, from what I read here and hear elsewhere, they are continuously getting better and better at drilling. New techniques get better production from newer wells, reducing the cost/production ratio. Things like recycling water cuts costs. It takes a shorter time to drill a well, again saving money. I'm sure there are a lot more things they…</p>
<p>True about b) Pa. is going to have impact fees shortly. And no one knows what other regs and costs will be placed on the industry.</p>
<p>On the other hand, from what I read here and hear elsewhere, they are continuously getting better and better at drilling. New techniques get better production from newer wells, reducing the cost/production ratio. Things like recycling water cuts costs. It takes a shorter time to drill a well, again saving money. I'm sure there are a lot more things they are doing to cut costs. And it will get better over time.</p>
<p>Hard to say if the increased production and more efficient operations will outpace the increase costs incurred by government. But I think that it would be too expensive to drill six or more wells on a pad and shut in all but two of them. Six wells at $5.5 mil equals $33 mil invested......would take a long time to get that out of one or two wells, especially at current prices.</p> Jim,
Pretty much exactly wh…tag:gomarcellusshale.com,2011-11-22:2274639:Comment:2002042011-11-22T17:46:44.338Zmike4thttps://gomarcellusshale.com/profile/mikefort
<p>Jim,</p>
<p> </p>
<p>Pretty much exactly what I was thinking, except for b) - I wasn't sure if the cost to move the rigs and come back would outweigh the cost of drilling now ( I know the wells cost~$5.5M each) and is it going to be more expensive in the future to drill? (maybe more regulations?)</p>
<p> </p>
<p>mike</p>
<p>.</p>
<p>Jim,</p>
<p> </p>
<p>Pretty much exactly what I was thinking, except for b) - I wasn't sure if the cost to move the rigs and come back would outweigh the cost of drilling now ( I know the wells cost~$5.5M each) and is it going to be more expensive in the future to drill? (maybe more regulations?)</p>
<p> </p>
<p>mike</p>
<p>.</p> 1) Large units to HBP as much…tag:gomarcellusshale.com,2011-11-22:2274639:Comment:1993022011-11-22T02:54:11.614ZJim Litwinowiczhttps://gomarcellusshale.com/profile/JimLitwinowicz
<p>1) Large units to HBP as much as possible.</p>
<p>a) There are some areas of Pa where some companies drilled six or more wells on one pad at one time. But most drill two or even only one. This allows them to HBP more land more quickly. Also, drilling six wells at once might overload existing infrastructure like pipelines, compressor stations, dehydrators and more.</p>
<p>b) Costs a lot of money to drill and then shut in several wells for any length of time. More likely to drill one or two…</p>
<p>1) Large units to HBP as much as possible.</p>
<p>a) There are some areas of Pa where some companies drilled six or more wells on one pad at one time. But most drill two or even only one. This allows them to HBP more land more quickly. Also, drilling six wells at once might overload existing infrastructure like pipelines, compressor stations, dehydrators and more.</p>
<p>b) Costs a lot of money to drill and then shut in several wells for any length of time. More likely to drill one or two now and come back years later to drill more.</p>
<p>c) Once they determine the best, most productive spots, and a lot of land is under HBP, they will come back to drill more wells on existing pads. The higher the price, the quicker they will do so.</p>
<p>2) If you're old like me you want a smaller unit so that your royalties on one or two wells is less diluted. If you're young, the larger unit will give an income that is spread out over a longer time span.</p>
<p> </p>
<p>All of which is just IMO.</p>