Comment

Comment by Greg K on July 3, 2013 at 7:03am

Jack...are they building pipelines? 

Comment by Jack Young on July 3, 2013 at 6:53am

There's no law that lets operators file bogus numbers on any form, completion report or otherwise. it's fun to imagine a secret conspiracy where all bad news is really good news, and if that makes a person feel better, go for it.

Comment by Greg K on July 3, 2013 at 5:09am

I smell a rat......I doubt very much the wells are all bad...they don't build pipelines to bad wells, not when then cost millions and millions and have a long way to go.

Comment by Joseph-Ohio on July 3, 2013 at 3:35am

We were once advised (by who we think is a very reliable source pertaining to the E & P Industry) that a Well Developer can 'write in' (on the Completion Report) whatever numbers he pleases insofar as 'Test Result Estimates' or 'Initial Production Estimates' are concerned.

What must be accurate on the other hand are the Production Figures and Income on the 1099 Form once the Well is complete and producing.

For what that may be worth to others as far as these latest comments are concerned.

Comment by Jack Young on July 3, 2013 at 3:01am

I'm sure that it's not that simple if you look at leasing activity township by township. But the gas companies do have to draw their lines somewhere, and county lines are easy places to do that.

Comment by Jack Young on July 3, 2013 at 1:28am

Every disappointing well uses a similar story. No gas company ever wants to admit a big chunk of their acreage isn't prospective. I've spoken to folks I've known at a variety of gas companies since I started in the business 30 years ago, and none are interested in our Crawford County acreage right now. If they all believed that the Lippert well's results weren't representative, that wouldn't be the case. But it's just one well - we'll get other chances.

Comment by Glenn R Alberth Jr on July 2, 2013 at 11:20pm

I was told the only reason the Lippert well was not to good was that the  Petroleum engineers did a very poor job on the frack ????

Comment by Berk on July 2, 2013 at 11:16pm

j. rick

West of Greenville, Pa on 358 before the Ohio Line.

Comment by j. rick on July 2, 2013 at 10:48pm

John, where would the Philips site be? thanks. never heard of it.

 

Comment by john p halloran on July 2, 2013 at 6:30pm

Ya go look at the Philips well site. If there's nothing there why would they put all that equipment there ?

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