Replies to This Discussion

Permalink Reply by Steven Kacerski on June 28, 2013 at 3:00am

MJ,

Where in Vernon is this site located?  Is this the well site on the Carr farm off of Route 7?

Permalink Reply by MJ on June 28, 2013 at 3:30am

Steven,

That is correct.  Actually Dunbar property.  Lateral will run southeast under the Carr farm and some others almost into Vernon.

Permalink Reply by Snort Widley on July 14, 2013 at 7:31pm

Rig from Morrison well will drill this. Spud in late Aug

Permalink Reply by Depolarized Farmer on July 16, 2013 at 7:46am

What's up with the pad that BP cleared on Housel Craft Road?  I don't see any permit being issued for drilling there.

Permalink Reply by Snort Widley on September 22, 2013 at 1:54pm

BP is done drilling and probably won't be back unless gas and NGL prices rise significantly.

Permalink Reply by 0i7okn54zwbdo on September 22, 2013 at 3:52pm

There's simply not enough data to make that statement with any degree of accuracy.  Halcon's Kibler well is the only real data point and it tells a very different story.

Permalink Reply by 015334grltd9m on September 23, 2013 at 12:53am

Remind us again please?

Permalink Reply by 0i7okn54zwbdo on September 23, 2013 at 1:33am

Kibler IPed at 4.5mmcf of 1,350 btu gas and 860 bbls/condensate.  Assuming 27% shrink and full ethane recovery there's another 821 bbls/NGLs in the mix.

Permalink Reply by Snort Widley on September 23, 2013 at 3:51am

CHK tried to sell their acreage...no buyers.  Enervest tried to sell their acreage...no buyers.  Look at where the rigs and activity are.  That's the real story.  Halcon might be able to make far southern portion fo Trumbull county work for them but it's so residential that you won't see major development. The Kibler makes a nice press release but lets see where production is in 90 days.

Permalink Reply by 0i7okn54zwbdo on September 23, 2013 at 8:19am

Companies failing to sell a position is not evidence of the position being poor, only unmarketable at the asking price.  Everyone knows EnerVest wanted a huge premium for their leases and there is only so much money out there looking to buy.  

As far as Trumbull being too residential I'll refer you to the Barnett where that sort of barrier has been dealt with.  Those numbers aren't just a nice press release, they are proof of potential profitability for the immediate area.  Rig counts matter when a company has assets spread out across a play.  That's clearly an indicator of the best sweet spots.  But Halcon doesn't have any other place to allocate their capital.  If they had acreage in Harrison then yes, they'd drill that before Trumbull and Mahoning.  But they don't.  So you're not comparing apples to apples. 

Permalink Reply by tomvargo706 on September 23, 2013 at 4:31am

BP is waiting for their numbers to come out on the wells they have drilled. They said they will have those in the beginning of the 2014 and will then set up a plan to drill the rest.

Sometimes I just dont know where you guys get your misinformation.

Permalink Reply by Snort Widley on September 23, 2013 at 4:46am

Not misinformation nor landman rumors; some of us know things before others.  Don't bash me just wait and see.

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