Replies to This Discussion

Permalink Reply by SJL on May 14, 2012 at 9:44am

When this well was first drilled, local talk was that it was to be the highest producing well in OH.  The Columbiana ALOV and everyone else was talking about it.  Now all of a sudden, it's a dud.  I was leased in November when they would have already known it was a dud.  Why would they continue to lease in the immediate area of a dud well?

Permalink Reply by Utica Shale on May 14, 2012 at 10:10am

SJL,

" ... When this well was first drilled, local talk was that it was to be the highest producing well in OH ..."

 

 Your joking, right?

 The Buell Well is the highly productive well in Ohio.

 The Geatches well has yet to prove itself.

 

 "... Now all of a sudden, it's a dud ..."

 It wasn't all of sudden, this well had issues from day one.

 It took forever to complete that well.

 There was "no commercial production in 2011".

 Can you post a link to the source that states high rates of Gas & Oil ever flowed?

 

Permalink Reply by SJL on May 14, 2012 at 11:36am

Utica,

Chill out, I'm just stating local talk.  Of course I have no production reports, no one does.  Could be just everyone getting excited about nothing at the beginning.  If it had issues from day one, why the continued leasing?  And maybe the issues are not all that negative.  Either way, I ended up with a decent bonus and lease so I'm already ahead of the game.  Dang, you guys are brutal..lol.

Permalink Reply by Corey Hendricks on May 15, 2012 at 4:18am

As far as I knew this well was originally a test bore to check viability in the area. Through a series of permits and drill rigs has become a lateral well with intentions for production. As everyone else on here has done I will speculate because only CHK and OBE know the true results. I think the well is certainly not the Buell gusher however, can be commercially viable and due to the fact that it has been a learning curve for drilling in the Utica and currently unable to get product to market chk has been doing R&D with it to determine the best way to extract the resource. You can't bat 1000, they need do determine how to make the future wells most profitable, drill methods will have an effect so why not figure out how to do it correctly now so the remaining wells in the area, will be farther ahead. In terms of benefit to landowners in the area I think it was a grand slam as it has shown the area is viable for drilling and may lead to faster drill-production terms and better extraction vs just drilling with past methods. Just my half cent

Permalink Reply by 0i7okn54zwbdo on May 15, 2012 at 4:17pm

They kept leasing because that's what Chesapeake does. They lease and drill often times in spite of the science that tells them to abandon ship. In the Barnett they have wells that they assumed would last 20 years and they're petering out at four. The mode life for a well in the Fort Worth Basin is 4.5 years. EUR for the play was 42% of what was originally touted. Bad wells don't scare CHK. Neither does overpaying or carrying massive debt or BB- credit rating.

Permalink Reply by 0i7okn54zwbdo on May 17, 2012 at 4:59pm

It was never in commercial production (meaning pumping out marketable oil) but it was in production for 79 days according to the report. That means that for 79 days it bled out a little bit of oil and said oil was stored but not sold. Big picture that probably doesn't mean anything. Hell, it may take them five more tries to get it right in Mahoning county and only one in Harrison (which appears to be the case). That sort of thing happens. Most of Mahoning is in the JV with Total so now every well drilled in this county by CHK will have 75% of the bill paid for them. Pay 25% of the cost and keep 75% of the operator's royalty? Sign me up.

Permalink Reply by bruce c on July 21, 2012 at 3:21pm

There are new signs (small) on Mahoning ave from st rt 534 east to Newton Falls road.  Green say 'Chesapeake approved route', just past nf road there are red signs on both sides of Mahoning ave. that say 'no Chesapeake traffic'.   Green signs go north on Newton Falls to Geatche's well then red just past driveway.  Has anyone heard about anything new going on with this well?

Does this mean this well is finally going into production??

Permalink Reply by Utica Shale on July 23, 2012 at 1:20am

Bruce,

 The White Traffic Control Signs at many of the wells in NE Ohio have been replaced with Green & Red signs. I do not think the new green/red colored signs implies that the status or operations at the Geatches Well, or any other well, has changed.

Permalink Reply by lynn on July 26, 2012 at 2:48pm

Hi US.  There were no traffic control signs of any kind around Geatches well.   The new signs showed up the beginning of last week-though there isn't anything going on there yet.

Permalink Reply by Utica Shale on October 12, 2012 at 9:59am

Per ODNR the STATUS of this well is now: "INACTIVE"

 

Permalink Reply by lynn on October 12, 2012 at 10:25am

Bad well or no pipeline?  Sure would be nice to know.

Permalink Reply by lynn on October 14, 2012 at 3:25pm

I saw the pipeline on odnr and I thought i saw them laying pipe to the well-wasn't sure if maybe they decided line wasn't up to the pressure they claimed on this well.  Every map I see has this area at least in wet gas and possibly oil.  Sure makes you think there must be a serious problem with the well, though I sure don't understand why they put that huge pumpjack on the well if it's bad.

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