I noticed that the drill rig is gone and the piping and tanks set up on Renick pad as of about a week ago but have not yet seen any flaring from this site. Does anyone know if gathering lines are in place yet? Does every well need flaring? What are possible reasons (other than gathering lines not in place) for NOT flaring any of these four wells? Anyone have additional info on status of this pad site? There are holding tanks at each hole with piping and at different place on pad there are large blue tanks set up. Is it possible some of these tanks are for any oil they find or is this normal to collect NGL's? Don't know how to download pictures of site to show what I'm talking about, sorry. Would appreciate any info at all about this pad site status. Thanks, Bob A.
Tags:
Are you sure they have done the frac yet?
If not, in my opinion, Rex is going to wait to frac the wells, or at least produce them, they now have over 4000 acres HBP. If those landowners have a similar lease as mine, they will get between $5 and $25 per acre as a shut-in royalty. At $5 all Rex would have to pay is $20,000/ year.
Time for them to move on to the next pad, hold another 4000 acres and wait for gas to go back to $4
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com