I'm a landowner trying to estimate the production per surface acre for producing Utica wells in Ohio. I have the 2011 production figures from DEP, but cannot find the unit size for each well. Anyone have those, or know where to get them? The length of the lateral bores would be a handy stand-in, assuming that each bore gathers product from a 1000-foot wide strip of the formation. So, lateral lengths or unit sizes...anyone know where to find that info?
I don't dispute your math, although there are lots of variables involved to get to the actual number. The cynic in me says the bigger units are at least partially about HBP for the E&P companies. i.e., they can HBP a whole lot more land quicker (and cheaper) by drilling one lateral on every 1280 acre unit versus much smaller units. If you look on the investor reports from the various E&P's, you will see they make a big deal about the amount of acreage they've HBP'd in the various shale plays.
At the end of the day, the total money from a bigger unit versus smaller should be the same, assuming the same acreage in the unit. The bigger unit likely spreads the $$$ over a longer period of time. An optimist would say the E&P's are saving us from ourselves!
There planning on putting a well on our property . My understanding is that they plan on drilling three legs at once because to move the equipment is rather expensive. the game changer may be that there are a lot more rigs in the area alowing them to leave a drill at a site for a longer period