Wells don't pay for themselves
The newest ODNR figures appear to show 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 individual wells be individually unprofitable while the overall Utica field ends up profitable?
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Permalink Reply by CraneMAN_69 on
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Many are / were choked back during initial production for a number of reasons. Some areas are not as productive, but the numbers are not accurately describing the well potential at this point. At least that is what I have read.
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