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Permalink Reply by Jack Straw on December 8, 2012 at 7:26am

Just speculation:

Seitel seem to be shooting surveys for multiple clients. It would appear that they put together a planned survey and then they attempt to market it to potential clients. It is possible that they were not able to line up enough interested clients to justify going ahead with the survey. It is possible that they came to the conclusion that it would not be profitable to go ahead at this time.

Another possibility is that they were not able to obtain a sufficient number of landowners willing to allow access to their land. If they could not gain sufficient access, they would not be able to obtain data with sufficient coverage such that it would be marketable.

The above represents two potential reasons for abandoning a planned survey; likely others I have not thought of.

If you have a local Seitel contact that you had dealt with, they might be able to supply a definite answer.

If you do find out the reason(s) for cancelling the survey, please post that - as it would be of interest.

 

To see what Seitel are currently planning/doing:

http://seitel.com/Pages/default.aspx?&b=37.530801,-87.977638,44...

and

http://seitel.com/seismic-activity/Pages/SeisActivityInProgress.aspx

 

All IMHO,

                JS

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Permalink Reply by Samuel J. Orr on December 8, 2012 at 9:11am

Jack:

     Thanks for your response and the links. For those following this thread, Jack's links will tell you all the geographical areas where Seitel currently has ongoing projects, not only in Pennsylvania but throughout the whole USA,  The specific counties in each state are identified but in Pennsylvania, Crawford, Mercer and Venango are NOT listed. I remember seeing Allegheny, Beaver, Greene and a number of others.quite  As for what happened with Seitel, I do have a friend of a friend who lives in Crawford County. That person had rented property to Seitel workers. These workers quite recently and quite suddenly pulled out. This "friend of a friend" did not know who had hired Seitel to start the project?.. We would all like to know the answer to that question and Jack Straw quite properly asks us to post if we have information on that subject. I do know that perhaps 6 or more weeks ago, Range supposedly struck oil at their Cochranton well. One of my better sources told me not to get excited because oil could flow very briskly at first but peter out quickly depending on the size of the pool. At the time he cautioned me Range had only partially fracked that well so how much gas the well would produce was unknown. I do not know but suspect that the fracking job was completed and that the well is somewhat further along in the so-called 60 day resting period. It might be that the resting period has expired and the well is a dud?? That would obviously be a negative for all of us. I apologize for piling speculation on top of speculation. My purpose is to elicit better information from those of you who are following this thread. Jack, your posts are exceptional whereas as many of mine just pose questions. Thank you again for your response and the excellent links to Seitel!

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Permalink Reply by Jim Litwinowicz on December 9, 2012 at 3:47am

Jack is right.  Sometimes these companies move into a promising area and do siesmic work with the hopes of selling the result to various drillers. It is possible they didn't get enough landowners to cooperate. Its possible no company offered to purchase the results.  It is also possible that the companies with land under lease or active in the area already have contracts with other siesmic companies. Nothing to panic about.

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