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Latest Activity: Nov 10, 2023
Started by AT. Last reply by AT Jul 22, 2018. 2 Replies 0 Likes
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Comment
I would think that Eclipse would want to assign any leasehold that they can't drill, it wouldn't make sense for them to just sit on idle acreage for what they paid. But who knows, time will tell.
WITH OXFORD OIL GETTING BOUGHT OUT ANYONE HAVE ANY CLUE IF THAT WILL HELP US IN T-COUNTY. THERE IS HBP PROPERTIES ALL AROUND US IN WARWICK TWP. OWNED BY OXFORD. ONE OF THEIR WELLS IS ON THE HILL BEHIND ME. IN FACT I PURCHASE FIELD GAS FROM THEM TO HEAT MY HOME.
Was out in the back country yesterday.....End of Blizzard Ridge (Near Clark Farm) and further out...There are blue gas lines going in everywhere. The pipeliners business is booming. All connecting to the pipelines heading towards 250, across 800 and Moravian Trail.
Isn't the pan for drilling six wells on every pad?" I mean, I have always heard that each unit, each pad is designed to have 6 wells drilled all within a few feet from one another at the center of each pad and from there they go down then out horizontally into their respective directions. The only reason they would not drill 6 wells on one pad is if they discovered early on none of the wells were worth it. Having all six wells drilled from the one pad in the center of the unit consolidates their expenses. To hold a lease though, they can get away with drilling just one vertical (shallow) well every five years (or within the term of the lease agreements) to keep the leases in effect and thus avid renewal bonuses.
I think that when they drill the Mollett well we will find out a lot about eastern T-County
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