Replies to This Discussion

Permalink Reply by Todd on December 11, 2013 at 9:21am

Good news Craig. Thanks for keeping us updated.
Question: Are the wells up your way currently turned on and producing?

Thanks, Todd

Permalink Reply by craig on December 11, 2013 at 4:04pm

In a hurry:  

3 wells producing for around 2 years.

4 more gathering lines to be installed in 2014, that should hook up at least 7 more wells... from everything I understand from neighbors, etc.

Permalink Reply by Todd on December 11, 2013 at 4:28pm

Yeah, I knew about those 3 wells producing but I heard on here a little while back that CHK had closed the valves due to low gas prices.  I was wondering if that's true and whether they've been turned back on if they were ever off?

Thanks

Permalink Reply by craig on December 12, 2013 at 8:17am

I've been there multiple times and have heard the equipment running, so I'm guessing they are back to selling…. at least in some kind of quantity. There were times this year that I wouldn't hear the equipment running-when they weren't selling.

Hope that helps.

Permalink Reply by Todd on December 12, 2013 at 1:43pm

Sounds good Craig - hopefully, Chesapeake was able to dictate a better selling price prior to turning the wells back on.

Permalink Reply by wozzle on December 13, 2013 at 3:33am

Records from all over the state show that many Marcellus wells are being produced no more than 6 months of the year - too much gas, not enough storage, low prices.  I imagine it would be the same for U-PP dry gas production.

Permalink Reply by craig on December 12, 2013 at 4:30pm

Last spring I also noticed that after seeing multiple check stubs from the area is the fact that they must not have contracted for enough take away capacity the months before. Thus they seemed to be throttling way back one well of the 3 wells every month.... each taking their turn. Don't know if this is still true though.