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Permalink Reply by Dan Warfield on October 9, 2012 at 4:16am

Looks like a good well... once again, "the train might just be moving east again".  Belmont County continues to bring in some good results.  Read on...

 

OKLAHOMA CITY, Oct. 9, 2012 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) today reported production results on its Shugert 1-1H well in the Utica Shale and provided an operational update.

Utica Shale

• Gulfport's Shugert 1-1H tested at a peak rate of 20.0 million cubic feet ("MMCF") per day of natural gas, 144 barrels of condensate per day, and 2,002 barrels of natural gas liquids ("NGLs") per day assuming full ethane recovery and a natural gas shrink of 17%, or 4,913 barrels of oil equivalent ("BOE") per day.

Gulfport's Shugert 1-1H well was recently brought online from its resting period. When the test began the wellhead shut in casing pressure ("SICP") was 5,200 psi. The well was flow tested for 32 hours at a maximum rate of 20.0 MMCF per day of natural gas and 144 barrels of condensate per day on a 26/64" choke and a flowing casing pressure ("FCP") of 4,840 psi. Subsequent to the test, the 14 hour SICP was 5,300 psi. Based upon composition analysis, the gas being produced is 1,204 BTU rich gas. Assuming full ethane recovery, the composition above is expected to produce an additional 100 barrels of NGLs per MMCF of natural gas and result in a natural gas shrink of 17%. In ethane rejection mode, the composition is expected to yield 40 barrels of NGLs per MMCF of natural gas and result in a natural gas shrink of 9%. Gulfport currently anticipates it will begin flowing the Shugert 1-1H into a sales pipeline by early December.

Permalink Reply by Dan on October 9, 2012 at 4:55am

Great news, even better a pipeline by December?  Keep the train a coming.

Permalink Reply by Bluflame on October 9, 2012 at 12:54pm

   This result exceeds both CHK's Buell well and GPOR's Wagner well. The former is NE of Cadiz and the latter is on the Harrison-Belmont County line pretty much directly north of the Shugert well. Great news for Belmont County! All that's needed now is completion of pipeline and processing infrastructure. Both are well underway via the GPOR/Mark West JV. 

   IMHO, someone (Gulfport?) did their homework very well in this vicinity. To the best on my knowledge, the three wells I've noted are the best in the Utica and rank at least among the best shale wells yet drilled anywhere.

BluFlame

  

Permalink Reply by Bluflame on October 12, 2012 at 3:42am

BTW, the Wagner and Shugert wells are about 10 miles apart as the crow flies.

BluFlame

Permalink Reply by Unsigned on October 8, 2012 at 2:11am

Does anyone know of any more lease signing meetings for Barnesville area, namely Antero?

Permalink Reply by BrianH on October 12, 2012 at 3:30am

Another, it's nice when Belmonty County is included in the Title

Driller reveals natural gas strike in Belmont County

http://www.equities.com/news/headline-story?dt=2012-10-11&val=5...

Permalink Reply by Dan Lease on October 12, 2012 at 5:35am

See the comments.....exciting to see comments about Gulfport doing there homework on Belmont County.  Wondering if anyone has heard any talk about the Rt. 102 & Rt. 148 area...I and two partners have joint ownership of land and Gufport has our leases.  Just wondering if there's anyone else on this blog that is close to this area and heard any rumors. 

Permalink Reply by Dan on October 13, 2012 at 8:28am

Changing the name of dicussion to " No. 1 producing well in the Utica shale in Ohio and surrounding states.

Looks like finding the "sweet spot" is a bit closer at hand.

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