Comment

Comment by Upton Sinclair on November 5, 2013 at 6:15am

Pretty sure that his comment that they're going to stop drilling where their current sh**ty wells are, indicates Mercer & Crawford are toast.  Not real hopeful on Venango after his less than stellar remarks about the infrastructure CAPEX, or lack thereof.  Looks like we're a LONG way off...  

Comment by JREwing on November 5, 2013 at 5:01am

Well, even though we kept hearing rumors that Halcon was packing up and leaving Venango & Mercer, I still didn't want to believe it even though I'd seen the evidence first hand.  It's pretty clear now that that is the case.  From the 3rd Quarter Earnings and Operational Update - " In the near-term, the Company anticipates it will limit drilling in this play to the Southwest portion of its acreage in Trumbull and Mahoning Counties, Ohio."

Comment by JREwing on October 21, 2013 at 4:24am

Hmmm.  Well I suppose, but one would think they'd have gathered all of the information, etc. that they needed from the Allam well to know how to best attack a new well only 2 miles away(as the crow flies).  Thanks for the reply Jim.

Comment by Jim Litwinowicz on October 21, 2013 at 4:14am

My guess is that they will take a lot of bore samples and down-hole tests and then amend the permit for a horizontal once they know the best depths to proceed. The samples will also be used to determine the best frac mixture/techniques to use and avoid all the problems they had with the  Allam well. They need to do this one faster, cheaper, and better and they should get even better results.

Comment by JREwing on October 21, 2013 at 1:08am

Got a letter in the mail from Dieffenbauch & Hritz(an engineering firm in Morgantown, WV)saying Halcon is applying for a new permit to drill a vertical well on Rainbow pad and that water testing will be done again within 3000 feet of well.  Anyone care to speculate about why they are now planning to drill a vertical well instead of a horizontal?  TVD is supposed to be 8116' and into the Point Pleasant according to the permit.  The permit has not hit eFACTS as of today. 

Comment by Jim Litwinowicz on October 18, 2013 at 3:20am

Any word on the new pipeline referenced at the top of the discussions here? Is it still a go or on hold? Have they done any work on it or is it online? Who is the company, what size line?

Comment by JREwing on October 9, 2013 at 7:41am

Anyone else attending the Supply Chain Basics seminar tomorrow at Crosscreek Resort in Titusville?

Comment by JREwing on September 12, 2013 at 7:01am

Since Sam seems to be asleep at the switch, I will step in for him momentarily.

This site is Deader than a Dead Cat!

Somewhat understandable given that HK has ceased pipeline work and now is finishing up paving the roads that they had bonded.  It looks more and more like they're leaving for greener, or oilier pastures...

 

Comment by Upton Sinclair on September 3, 2013 at 1:55am

I have approximately 180 acres of Oil and Gas interests for sale in Venango County.  Properties are split into 7 parcels ranging in size from 4 acres to 100. Located in various townships.  Price is lower than you might think.  I can sell as a package or individually.  PM me for additional information.  This discussion is not being started as a pro/con to selling.

Comment by Debbie on August 26, 2013 at 7:53am

Big progress.....they put up a stake with an information tube attached. 

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