Utica wells don't pay for themselves

The newest ODNR figures appear to show Ohio/northern Utica production volumes that could never cover the costs of developing many of the wells. But CHK continues to develop the area. Any thoughts on how the economics of the wells and the field work? Can a large percentage of wells be individually unprofitable while the overall Utica field ends up profitable?

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Permalink Reply by Joseph-Ohio on July 6, 2014 at 2:25am
Why are wells choked back and which one's are and which one's aren't are at the discretion of the developer and they're not talking much.

I've read that it's better extraction technique to rest wells.

I've theorized it as a marketing ploy as they sell their positions (more value to any potential buyer).

Foggy picture.
Permalink Reply by Kathleen on July 7, 2014 at 2:15am
I live right by the Andrullis and it rested a long time with no flaring.
It was the only well in this quadrant that I know of that wasnt flared.
It had the highest gas per day reported.

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