ODNR releases 4th QTR Production Reports

finally

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0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on April 25, 2014 at 7:44am

Some definite winners.  And some definite losers.  Pretty much what we expected.

Permalink Reply by Mark McGrail on April 26, 2014 at 2:01am

Marcus,

Certainly doesn't look as though the Trumbull wells fall into the winners category (except perhaps Kibler). Any possibility that the wells are being choked back and this report is an inaccurate representation of their potential production ?

Permalink Reply by Mark McGrail on April 26, 2014 at 3:10am

Craig,

Thanks. There are several reasons for "choking back" a well. One of those is a poor performing well.

Permalink Reply by Jon on April 26, 2014 at 1:30pm

They probably don't have the capacity to handle them

Permalink Reply by Booger on April 25, 2014 at 7:47am

this one is a little easier read........with per day avgs

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Permalink Reply by TM on April 25, 2014 at 8:04am

Companies extracted 1.4 million barrels of oil, up 8 percent from revised figures for the prior quarter. For natural gas, the companies extracted 43.1 billion cubic feet of gas, up 28 percent.

http://www.dispatch.com/content/stories/business/2014/04/25/fourth-...

Permalink Reply by Philip Brutz on April 26, 2014 at 5:13am

Booger, thank you for posting the day dollar avgs.  How did you calculate them?

Permalink Reply by Carl Krebsbach on April 28, 2014 at 5:44am

Philip, if you click on a cell (such as a $/day cell) and then look up above the data, you will see the formula used to calculate that cell.

The spreadsheet originally contained production of oil, of gas, and the number of days of actual production.  Booger then divided the oil and gas figures by the days to get the production per day.  Then to assign a dollar value, he assumed a figure of $4 for gas and $100 for oil and multiplied them by their respective production, then added the individual totals to get a grand total per day.

I don't know enough about this to know if that is realistic or not.  If it is, then one could continue by adding all the wells in your unit and then maybe multiplying the total by your royalty rate and also by your percentage of the unit to arrive at your daily royalty.  Anyone care to comment on this?

Hope this helps,

Carl

Permalink Reply by David Perotto on April 27, 2014 at 7:47am

Booger,

I took your spreadsheet and added: depth to formation and geo coordinates. Very time consuming, but I did put values in for the top 30 and others as well.

The top 30 have a common trait, the depth to formation is greater than 7800' ,except for two (one appears to be Marcellus). This is probably explained by the greater pressure at depth to force hydrocarbons out. Nothing beats mother nature and physics. Tight gas & oil clearly need the pressure to be a productive Utica well. Results from the Marcellus are from shallower depths, it would be interesting to try the same exercise with that formation.

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Permalink Reply by Booger on April 25, 2014 at 8:18am

....top 12 producers with 75 days or more production in the QTR

HARRISON

ATHENS

WAGNER

HARRISON

ATHENS

WAGNER

BELMONT

SOMERSET

MCCORT

HARRISON

NOTTINGHAM

BOY SCOUT

BELMONT

SOMERSET

MCCORT

BELMONT

SOMERSET

STUTZMAN

MONROE

SENECA

ET RUBEL

NOBLE

SENECA

WAYNE UNIT

BELMONT

WARREN

SHUGERT

MONROE

SENECA

ET RUBEL

HARRISON

FREEPORT

MILLIKEN

MONROE

SENECA

YONTZ UNIT
Permalink Reply by Booger on April 25, 2014 at 8:25am

....top 8 daily oil producers with 75 or more days production in the QTR......the only 8 in this catagory with 200+ bbl/day avg.......boyscout over 300bbl/day

HARRISON

NOTTINGHAM

BOY SCOUT

GUERNSEY

RICHLAND

STIERS

HARRISON

FREEPORT

MILLIKEN

GUERNSEY

RICHLAND

STIERS

GUERNSEY

RICHLAND

STIERS

NOBLE

SENECA

WAYNE UNIT

NOBLE

SENECA

MILEY UNIT

HARRISON

FREEPORT

CLAY
Permalink Reply by Booger on April 25, 2014 at 8:46am

.......top 8 daily gas producers with 75 or more days production in the QTR........all with over 8,000mcf/day......harrison county wagners also with decent oil at 103bbl/day and 57bbl/day

HARRISON

ATHENS

WAGNER

BELMONT

SOMERSET

MCCORT

BELMONT

SOMERSET

STUTZMAN

BELMONT

SOMERSET

MCCORT

MONROE

SENECA

ET RUBEL

HARRISON

ATHENS

WAGNER

MONROE

SENECA

ET RUBEL

BELMONT

WARREN

SHUGERT

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