Comment

Comment by Dan on September 10, 2011 at 6:56am

Those numbers from the Jeffries Report are right off of the Completion Report filed by (Ohio Buckeye) Chesapeake at ODNR.  These are initial production numbers only, not actual production, meaning that they are going to be higher than what the well is producing now.  The numbers were 6.1 MMcfd gas, 59 bpd oil and condensate liquids, and 220 bpd brine. Click on the link above to see the full report.  Other things of note were that they did find gas as they passed through the Marcellus, and that they used almost 11 million gallons of water and 4700 tons of sand to frac that well.

Comment by Shower Bath on September 9, 2011 at 2:29am

Chesapeake CEO discusses why they are moving to liquids (oil & NGLs), which also gives you an idea why our mineral rights are so valuable.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6445114

Randy

Comment by Josh on September 9, 2011 at 1:51am

AT, thanks how about the wet stuff, I think I figured about 800 barrels of that a day based on their numbers. So 800 x ? would be quite a bit of money.  Not to mentioned the drilling unit is only 177 acres, please correct me if I am mistaken.

Comment by shawn miller on September 9, 2011 at 1:38am

does anyone know what all is included in ( 59 boed of condensate )      was just wondering if oil was included in that figure or just natural gas condensates

Comment by AT on September 9, 2011 at 1:35am

Josh,

   Assuming a 17.5% gross royalty lease, a 640 acre drilling unit and natural gas at $4.19 at the wellhead - roughly $7.45 per acre per day on the natural gas.

Comment by Josh on September 9, 2011 at 1:23am

Did anyone calculate what that would average out per acre per day?  I came up with some figures but not sure if I am even close...

Comment by JT on September 8, 2011 at 10:47pm

Last month, Chesapeake's CEO Aubrey McClendon compared the Utica play to the Eagle Ford play.

http://www.chk.com/News/Articles/Pages/TV_20110801_AKM.aspx

Daily Wealth had an article about a year ago noting the "retail value" of the Eagle Ford to be about $12K/acre.

http://www.dailywealth.com/1504/Why-the-Most-Valuable-Land-in-Texas...

There was an article on geology news that points out that O&G companies expect to pay "wholesale" when they purchase from landowners:

http://geology.com/news/2010/the-real-value-of-natural-gas-acreage....

Here's a link to an article from the same time frame last year that discusses what the landowners were getting...

http://www.chron.com/business/article/Eagle-Ford-owners-reap-minera...

 

Comment by JT on September 8, 2011 at 10:06pm

Yes, check out the link to the July 28 article....that's what the Baird Equity Research Analyst say.  Very good news!

http://www.ogfj.com/index/article-display/9458440227/articles/oil-g...

 

Comment by Finnbear on September 8, 2011 at 3:05pm

JT, in reference to the article about the CHK well - if they are putting a 15-20 billion dollar valuation on 1.25 million acres then they have just established a $12,000 - $16,000 value per acre on Utica shale mineral rights.

Comment by scott jackovitch on September 8, 2011 at 1:13pm

how do those production numbers stack up against the Marcellus wells in PA or some of the wells from Texas , Louisiana or N.Dakota ?

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