Comment

Comment by Jack Young on April 5, 2013 at 4:10pm

Nobody outside Shell can give you firm data like that, but if the pressure was that high anyone at Shell who passed the figure along to a landowner would have been fired on the spot. I'm just trying to suggest that it will take a lot to shift attention from the Marcellus to another formation in the current price environment even if Shell can sell some gas there. And the Utica is a much more expensive shale to produce, which doesn't help either. Things could be worse, of course - your acreage could be next door in Potter County!

Comment by Brian Day on April 5, 2013 at 3:55pm

It doesn't matter Jack.  I am probably leased to eternity and not very profitably either.  I didn't quit my day job or buy a yaht on the promise of big royalties.  I was just having some Friday night fun with you.  If the shoe I provided doesn't fit, you'll have to go barefoot like the rest of us.

The land owners of the well were told 15,000 psi by Shell.  Maybe Shell told you something different.  Would you share with us?  It is dark out here on the wellpad of dreams.

Comment by Jack Young on April 5, 2013 at 3:45pm

It wasn't 15,000 psi. I've already got more acreage than I need, and I don't buy leases. I just try to be helpful when I know something others don't.

Comment by Brian Day on April 5, 2013 at 3:13pm

I half wonder if some speculaters in Ohio leases are afraid the rigs will leave and come back to Pa.  I don't think they have much to worry about for a while yet.  Still, those that sleep with the devil live in constant fear I suppose.  If New York State lifted their moetorium tomoorow, it might be interesting to see if a scramble occured.  If I owned land up there, I would certainly lease it layer by layer.

Comment by Brian Day on April 5, 2013 at 2:47pm

Is 15,000 pounds a lot of pressure?  sounds like a good amount to me.  Are you trying to buy some cheap leases in Tioga County Jack?  I think the ground is mostly all spoken for, sorry.

Comment by Brian Day on April 5, 2013 at 2:25pm

No problem, Josie.  I don't know if anything will ever come of it.  i've heard rumors tha Seneca was going to drill in their State Forest lands nearby, but I haven't any concrete evidence of that one.

Comment by Jack Young on April 5, 2013 at 2:24pm

Pressure and volume are two different things - even a tiny amount of gas at 11,000' will have plenty of pressure because it's so deep. But is there enough gas in the Utica to make a $20M well profitable? Not likely.... we need to focus on the Marcellus and hope for higher gas prices!  

Comment by Brian Day on April 5, 2013 at 1:57pm

Shell drilled a horizontal in the Utica in Middlebury Township a couple of months ago and seemed pleased with the results.  They coiled the well and paln to put a pipeline in at some point - maybe tomorrow, maybe in 5 years; it's anybody's guess.  They put a lot of money in that hole and have LOTS of pressure from something on it.  That is alI I know.  Every Expert on this site says the same thing - no gas in the Utica in Tioga County.  A NARO representative said the opposite, stating that the Utica had a carbon value or something or other of 2, which was viable, in Tioga County.  I don't know what that "2" figure means.  Hell, maybe it's helium.

Comment by Brian Day on April 5, 2013 at 1:18pm

Tell that to Shell so they won't drill any more 20 million dollar holes.  It is embarrassing for them.

Comment by Jack Young on April 5, 2013 at 9:46am

The Utica is reputed to be overcooked in eastern Potter County and all of Tioga County - it's definitely not wet gas there. 11,000' deep, more or less. Tough to drill to as well.

• ‹ Previous
• 1
• 2
• 3
• 4
• 5
• 6
• …
• 17
• Next ›
• Page