Whose wells produce best?

I have looked around a bit and haven't seen much related to this question. Forgive me if I missed something.

Of course a lot of factors affect productivity at each well, but how much does the lease holder effect that? I mean, all things being equal, do some companies' wells produce more on average than their competitors? Common sense says that a company with a lot of resources like Shell will have more money to invest in talent, data gathering, contractors, etc. than a smaller company like, say, Chief. But does anyone know if that's true in practice?  

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Permalink Reply by JK on January 2, 2012 at 12:16pm

I just heard that 2 recently drilled wells here in Mon county, WV, are projected to go for at least 65 years.  That's WOW!

 

Permalink Reply by Jim Litwinowicz on January 1, 2012 at 3:34pm

A good question but one that is very hard to answer as there are too many variables involved. The biggest is the thickness and quality of the shale. How thick, organic content, porosity, how well it fracs all are huge determinates in the final results. The quality of the seismic studies, coring samples, chemical analysis, and other geologic issues before drilling have a major affect on outcome.

Most, if not all companies, have said they have gotten better as they understand the process better.  This makes it hard to just compare well production reports from different companies since they all have changed over time. And the shales have great variability form one location to another so comparing well data is even more inaccurate.

And even within a company, there can be differences in results.  Most companies hire subcontractors for just about every stage along the way. One crew may get different results than another, even if they drill on the same pad. Even having a different foreman on the job may affect the outcome.

Permalink Reply by Gunner Ostergard on January 2, 2012 at 5:30am

I pulled data from the Dep web site and found that Rice was kicking Range's behind in regard to production.  The big variable that is not reported however is if Range has all their wells chocked back.  The earlier comment about bigger companies having better production may not be true if my numbers are correct.  Please note that XMan 1 is not even a horizonal well,  the rest are.

 

Well Permit # Period Id Farm Name Well # Gas Quantity (Mcf) Gas Production Days MMCF for month
125-23823 2011-1 X-MAN 1 1 44750 60 22.375
125-23967 2011-1 X-MAN 1H 1H 430618 116 111.3667241
125-24212 2011-1 HULK 2H 2H 491629 71 207.7305634
125-24214 2011-1 HULK 1H 1H 304759 56 163.26375
125-24348 2011-1 MOJO 2H 2H 86557 18 144.2616667
Permalink Reply by rmc on January 3, 2012 at 2:09pm

Latest rumor I heard a few months ago was Texas Eastern or whatever they call themselves now had  drilled a well with  a laterial of about 9000' with intial IP of over 30 million cubic foot per day at a well head presure of 800 hundred psi because they didnt have adquate processing equipment there to handle more pressure than that . Supposedly the highest producing well in North America.  Beets me all just rumors an employee of the company told me those numbers.

Also Range Resources drilled a Laterial in Greene County of over 8000' and had a IP over 24 million cubic foot per day of course these high production wells have  a higher decline  rate then the wells producing between 5 and 7 million per day.

Someday after the large companies are pleased with thier acerage they have under lease they will start to release these production rtaes in there company reports to potential investors  Good Luck all

Permalink Reply by Little Cougar on January 4, 2012 at 4:28pm

Homer...that EQT well drilled in Greene Cty, PA...do you know the name of that well...because I think it might be one of the wells in the one unit I am part of AND that I am waiting to go online...I know the permit was for over 10,000 ft. or maybe more...I have to look it up again.

lil cougar

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