New King Of The Hill Oil & Gas Well In Noble Co.

I was told by one of Antero Energy guys that there is a new well on the border of Noble, Monroe Co. line that is the best so far in Ohio. Can anyone tell me what the well name is. He said it was a monster. 

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Permalink Reply by searcherone on May 12, 2015 at 6:29am

Is it the Graves?    I have heard the checks are beginning to arrive on that one and it is near the Monroe/Noble border.

Permalink Reply by The Hiker on May 12, 2015 at 2:35pm

It depends if it's ON the border, or CLOSE to the border.  If ON, it's probably the GRAVES, since the SIBERIANS aren't completed yet, and the GRAVES is the only new well ON the border.  There is lots of Antero action CLOSE to the border, both in Noble and in Monroe, it just depends on what the guy meant by "on".  It could be the KAHRIG which is just off the border in Noble and was just completed (no public results available).  Close by to both is the older killer GARY unit (on the N/M line), so what the Antero guy said is probably true; it's the right neighborhood.  As you move west from the N/M county line, the liquids increase by ~3-5% per mile and the gas decreases slightly, so my bet is the GRAVES or the KAHRIG.   

Permalink Reply by Bill Frost on May 12, 2015 at 3:02pm

 Yes , I think it may be the Graves. My friend said he has a buddy there that got a very nice check for only 20 acres and a 12.5 net lease. Like $750 acre at $50 oil, not to bad. Its sister well is the Krig I think.

Permalink Reply by G.H. on May 13, 2015 at 2:40am

$750 an acre over what period of time though?  Just curious.

Also, it could be a lot of different wells if it is just defined as "on the border."  There are wells on the border that runs North/South and also wells on the border that runs East/West.  Just a thought!

Thanks all.

Permalink Reply by The Hiker on May 13, 2015 at 3:37pm

All the Antero Utica wells so far run NW to SE; I haven't seen any that run N-S or E-W.  Something to do with intersecting the natural fractures in the shale at a 90 degree angle.

Permalink Reply by G.H. on May 13, 2015 at 4:24pm

I'm talking about the county border, not direction of the wells.  There are some wells that intersect the N/S county line, and there are some wells that intersect the E/W county line.  But yes, all of the wells definitely run in those directions to intersect the fractures.

Permalink Reply by The Hiker on May 14, 2015 at 2:16am

You are absolutely right.  My mistake.  Yes, it could be Belmont or Guernsey.  I''m more familiar with the Noble Monroe wells.   I'll take a look at the ODNR plats.

Permalink Reply by G.H. on May 14, 2015 at 2:59am

No problem.  All I am saying is that Monroe County shares both a (small) northern border and a western border with Noble County when you are looking at the northwest corner of it.  And there are wells that intersect both of those borders coming out of/going into Seneca Township, Monroe County.

Permalink Reply by Anthony Lenzi on May 14, 2015 at 7:53am

 I am in the Graves unit and received my first check about 2 weeks ago. I also have a 12.5 net lease. It was more than I expected for my acres in there. The $750 an acres sound about right. Less about 9% for expenses. Im getting paid for 4 laterals.  And Im also in the KAHRIG unit also. But no check for it has come yet. And yes It was paid at a time when oil and gas were low in Dec, Jan. and Feb. the $50 range.. Im cant wait to see my checks at $60 0il. FRACK ON !!!!  :- ]   $$

Permalink Reply by G.H. on May 14, 2015 at 8:06am

Congrats!  Wishing you many good royalty checks in the future.

Do you know/mind sharing how many days worth of production that was for?  Not sure if they issue these checks quarterly, monthly, etc. and then also not sure if they indicate if the well was producing for the whole payment period or only part.  Thanks.

Permalink Reply by Anthony Lenzi on May 19, 2015 at 4:02pm

 It looks to be about 71 days of production. I got paid on 37 acres in the Graves . But I also have 7 more in the KHIRIG that I have not received a check for.  That should also be a good one

Permalink Reply by The Hiker on May 20, 2015 at 1:16pm

Hello Anthony; I sent you a few private emails concerning the GRAVES.  Let me know what you think.

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