mcf question

IF SOMEONE TOLD YOU YOIR WELL WAS PRODUCING 4200mcf a day would that be good or bad?

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Permalink Reply by DONNA M SELLERS on February 13, 2014 at 10:21am

yes

Permalink Reply by Kevin on February 13, 2014 at 12:24pm

Donna, It's hard to find anything factual when it comes to production until the gas co files their production reports or you start getting your royalty checks. Who knows how correct they are.  I heardthe production reports should be posted on the PADEP website on Feb 15. That would include the second half of 2013.

Here's a link to Padep website for production reports

Padep production reports

Permalink Reply by DONNA M SELLERS on February 13, 2014 at 12:33pm

THANKS

Permalink Reply by Trapper on February 13, 2014 at 12:53pm

The well tender gave you a figure nearly DOUBLE that of Cheezapeke. Too bad the well tender isn't the one calculating your royalty payments. The thing is , how could you verify the TRUE production......?

Who verifies the numbers these companies feed to the DEP?

Is there any real , unbiased ,  regulatory oversight to prove the integrity of these production numbers reported to the DEP , or is it an "honor" system...? With Chessie's reputation , I doubt "In Chesapeke We Trust" will be a slogan any time soon.

Permalink Reply by DONNA M SELLERS on February 14, 2014 at 2:55am

Sadly I agree.

Permalink Reply by william r rinehart on February 14, 2014 at 6:25am

I checked it again and the ODNR says gas is measured in MCF, so the annual production for this well is 302 CFM for the year 2012.  Just enough to tie up 246 acres lol.

Permalink Reply by deer spotter on February 14, 2014 at 6:54am

In laymans terms MCF means 3 zeros behind the reported number ex. 50 MCF = 50,000 cubic feet of gas. MCF is used in high volume measurement. CCF is lower volume measurement like on house meters. CCF means 2 zeros behind the reported number ex. 50 CCF= 5,000 cubic feet of gas. Hope this helps

 

Permalink Reply by DONNA M SELLERS on February 14, 2014 at 8:09am

So if I was told by CHK 4200mcf it would be 4200.000mcf ?

Permalink Reply by william r rinehart on February 14, 2014 at 8:09am

Derer spotter,

thanks for the info, which would mean 32,000. in natural gas.

I am all electric, so how much would it use to heat one house?

Permalink Reply by Kevin on February 14, 2014 at 8:22am

Donna, it is actually 4,200,000. No decimal points

Permalink Reply by DONNA M SELLERS on February 15, 2014 at 12:48pm

thought the Padep production reports were suppose to up date on Feb. 15? Went there and they haven't. Or did I misunderstand?

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