Replies to This Discussion

Permalink Reply by donna elliott on September 10, 2010 at 1:29am

Great site

Permalink Reply by Ann Ticopa on September 10, 2010 at 2:41am

Thanks for the "117" sort tip. County and Municipality columns would have been nice. There is at least one East well in TC that's missing.

Permalink Reply by Slater on September 10, 2010 at 3:09am

County FIPS Codes are here: http://www.epa.gov/enviro/html/codes/pa.html If you want to find info for the other counties.

Permalink Reply by Lynn Wigglesworth on September 10, 2010 at 3:13am

My 'local' East well is also missing. It isn't finished yet, but a unit has been declared.

The stone trucks are rolling down 660 toward the Canyon again...they must be building another pad.

Permalink Reply by paleface on September 10, 2010 at 3:38am

Lynn,ace said he was offerd 2500-15-5 nc-w tioga by east on other forum.

Permalink Reply by Lynn Wigglesworth on September 10, 2010 at 3:45am

I just saw that...can't wait to hear the details. I've also read that East is getting a little better with addendums, too.

Permalink Reply by Ann Ticopa on September 10, 2010 at 4:59am

The one I found missing was drilled, fraced, and shut-in Fall, 2009. ... I just double checked in eFacts to be sure the well wasn't abandoned and, guess what, it's now listed as a Talisman well. Back to the spreadsheet and it is indeed a Talisman well ... along with other wells in the area that East had drilled and shut in. This seems to solve the mystery of why Talisman has applied for pipeline permits between East wells.

Permalink Reply by Slater on September 10, 2010 at 3:01am

Assuming the units for the Vol. column are "MCF" and the "Days" represents how many days the well has been producing, then the reported average daily production for active wells in Tioga county is 3.0 MMCF. One of the wells has a 7 day average of 9.3MMCF. (likely because it's only 7 days old)

Here's the formula I used: =IF(AND(LEFT(E2,3)="117",K2="ACTIVE",L2="GAS",M2>0,N2>0),M2/N2,0) which means for all active gas wells in tioga county, divide the production volume by the number of days producing to get your MCF/Day.

Using this royalty calculator http://geology.com/royalty/ with a wellhead price of $4.25/Mcf, average production of 3.0 MMCF/day, in a 640 acre unit, the average annual royalty per acre would be $1,090.72. (Assuming all my calculations are correct... :) )

Permalink Reply by Lynn Wigglesworth on September 10, 2010 at 3:15am

I understand that production can fall off quickly then hold at a lower level for several years. Of course most of these wells are new, so no one really knows what will happen...

Permalink Reply by hunter777 on September 10, 2010 at 5:41am

Other variables include:

Whether it is a horizontal or vertical (Horizontal production may be in the millions/day but a vertical may be only a tenth of that)

Chokes on the well (and changes in the choke)

Gas Prices (which have varied from $3 to over $6)

Shut-in time on the well (may not produce all of the days listed)

Whether the well has been in production over 365 days (the report is from July 1, 2009 through June 30, 2010, so if a well has produced for a year prior the best of it's production isn't included)

And I'm sure there are others I haven't thought of.

Some thoughts to keep things in perspective....