Comment

Comment by Nelson Roe on October 20, 2011 at 5:56am

I would say the best way may be just to see who comments back to you on this, then have them add you, or you add them & then you could speak freely through the inbox msgs.

Comment by Nelson Roe on October 20, 2011 at 5:55am

I would be interested in that as well Brian.

Comment by Steven Gardner on October 20, 2011 at 5:54am

If you could just post a link to the IRS code that they are making this determination from...

Comment by DM on October 20, 2011 at 5:51am

You have my interest Brian...

Comment by Brian Sutphin on October 20, 2011 at 5:47am

Hey guys i have a question for you. What is the best way to get some time sensitive tax information out to the people participating in the KWGD group? I have a few clients in the group and as i was meeting with a well-established Accountant yetserday for their benefit , i found someone who has turned the "bonus" payment money into a Capital gain instead of an oridnary gain. This as most of you know will be a savings of around 20%.

I dont want to break any rules on the site by soliciting, but i do feel like i can point some people in a good direction. Thanks

Comment by F Donia on October 14, 2011 at 2:23am

09/28/2011

Chesapeake Energy Reports Results of Four Utica Shale Wells

Chesapeake Energy (CHK) reported the production results of four wells drilled and completed into the Utica Shale in Ohio and Pennsylvania.  The company has drilled a total of twelve wells into the play.

The Buell 10-11-5 8H produced at a peak rate of 3,010 barrels of oil equivalent (BOE) per day composed of 9.5 million cubic feet of natural gas and 1,425 barrels per day of natural gas liquids and oil. The Buell 10-11-5 8H is located in Harrison County, Ohio, and was drilled with a lateral of 6,418 feet.

The Mangun 22-15-5 8H produced at a peak rate of 1,530 BOE per day composed of 3.1 million cubic feet of natural gas and 1,015 barrels per day of natural gas liquids and oil. The Mangun 22-15-5 8H is located in Carroll County, Ohio, and was drilled with a lateral of 6,231 feet.

The Neider 10-14-5 3H produced at a peak rate of 1,615 BOE per day composed of 3.8 million cubic feet of natural gas and 980 barrels per day of natural gas liquids and oil. The Neider 10-14-5 3H is located in Carroll County, Ohio, and was drilled with a lateral of 4,152 feet.

The Thompson 3H produced at a peak rate of 6.4 million cubic feet per day of natural gas. The Thompson 3H is located in Beaver County, Pennsylvania, and was drilled with a lateral of 4,322 feet.

Chesapeake Energy said that the Utica Shale production rates disclosed assume maximum ethane recovery by the company, although currently minimal amounts of ethane are being recovered due to temporary market limitations.

Comment by Nelson Roe on October 14, 2011 at 2:11am

If I had any production numbers to share, I would be more than happy to share that.  I believe they are few & far between right now with still only having 4 wells permitted in Gue. Co.  I did see on the update where the one that is permitted for Spencer township now says that they are drilling the "conductor hole".   I believe that once there is more actual drilling activity in our area, this forum will again be buzzing with what all is going on...

Comment by scott peterson on October 14, 2011 at 1:41am

O & G Co,s and landmen monitor this site every day. We are happy to share anything  other than names and dollars until the ink is dry.

Comment by Nelson Roe on October 14, 2011 at 1:04am

Not really Mike.  I would think with your many years experience in the business... You would know that you don't always want the other companies around you to know your every move...

Comment by Nelson Roe on October 13, 2011 at 5:03pm

It was not the KWGD meeting that they were turned away from.  The KWGD meeting was tonight & I believe it was a pretty smooth night there.

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