the decline curve of the well is steep. Production drops by half after a quarter of production
The drilling and fracturing technology keeps improving, longer laterals, old wells had as little as 4-5 frac stations new wells 50 plus there using a lot of compressor station's now the future looks bright hopefully they will learn to read fault lines better.
You are correct Paleface ... EOG recent development in OHIO is a prime example of ever changing drilling methods ...
You make several encouraging comments, Paleface. How will these improvements impact the future though?
Will the fracking & compressor improvements lead to more gas removed from a well? What is it about fault lines that cause problems? I thought seismic testing would identify the lines? How big of a risk are these fault lines?
If you're in a drilling unit and your production is good your well could drop off quickly by communicating with a new drilled well through the fault lines, I heard the new leases have addendum for that situation.
Production continues near all time highs ... $2.90 gas heading into DEC is not good for producers or shareholders ... Where is the bottom ? Below $2 this spring ? Its all about the temps for the next few months ....
Seneca paid $2.00 for September its usually around a dollar lower than NYMEX.
Ouch .. gas down 5% in the 2.70 range .... Own very little and have no plans as of now to own more
AR has new presentations out , very bullish view
Is there anyway to block communication from a well into fault lines? Is a fault line(s) just a cavity or a series of splits?
N Gas down 25% this month
Is production still high? Are Appalachian producers producing at higher rates or is it just happening in Texas with the cheap associated gas?