"A frac ban is only possible on federal lands. Operators are not delaying operations for any fear of a private lands ban. Purely market driven."
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BW_Appalachia replied to rob's discussion 'Indiana County Marchand Unit'"I would assume no plans for anything that far out of the core. Would go in the face of their curtailments highlighted in their most recent shareholder presentations.
From a shareholder perspective, you wouldn't want anyone developing…"
BW_Appalachia replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'"Royalties have dropped for all operators. They are a result of the gas price. They can only pay on the market price."
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"This agreement is with Equitrans, so probably less of an indicator for the rest of the Basin. Deal included a large WV acreage dedication, so sounds like good news for landowners there."
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"That’s a very good question. While it’s certainly possible for some to escape, the gas is still trapped within the formation. The geologic walls that separate the formations remain undisturbed during a frac, unless there is a fault or…"
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"It’s a regulatory status at the ODNR. Different then the lease provision."
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"Would need to have been previously producing to be considered shut-in."
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"Bullfrex -- depending upon the length of shut-in, the production numbers typically spike once the well is turned back on due to the pressure build up. This really shouldn't have an effect on the EUR since the well should quickly get back…"
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"Seems unbelievable, but $1.50 - $2.00 is uneconomical for most operators. The cost of LOE(~$0.30), compression (~$0.30), gathering (~$0.50) and FT ($0.40-$0.60) (not to mention additional processing/separating fees in wet gas areas) add up…"
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"Great discussion. Although your final point is a common misconception, Lori. It is actually the rig costs and other costs associated with completions that operators have needed to cut down on in order to survive. Hence, the drilling the service…"
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"All great points and concerns, Lori. Also keep in mind that if a lease also has shallow production, it may not even be considered shut-in if the operator shuts in the pad. Some leases require all wells to be shut-in to trigger the…"
BW_Appalachia replied to Lori Huber's discussion 'Curious and Looking For Experiences With Shut Ins'"Unfortunately, from a broad perspective it is just that simple. The specifics on how that affects a lessor's particular interest is going to be governed by the lease and any unrecorded agreements they may have with the operator."
BW_Appalachia replied to Lori Huber's discussion 'Shut Ins'"Not enough info there to do anything more than speculate. Could me any myriad of reasons: shut-in due to pricing, MQs exceeded, nearby activity, pipeline issues, general safety issues, the list could go on."
BW_Appalachia replied to Joe C.'s discussion 'Antero Resources: Layoffs & Spending Cuts Ahead in 2020'"Not at all. They have FT commitments that require them to continue drilling and producing. It's either drill and lose money, or don't drill and owe even more in FT deficiencies."
BW_Appalachia replied to FRACIN MY CH4's discussion 'Surface lease'"Not necessarily true on either account. A lease to drill can be as forever as a ROW. Both go away without activity, both can last forever with activity.
A SUCA is neither of the above. The lease that is not a non-surface lease…"
BW_Appalachia replied to FRACIN MY CH4's discussion 'Surface lease'"Sounds like the attorney is on it. If they are aware that an agreement is needed, then there has to be some consideration on your neighbors side. SUCA stands for Surface Use Compensation Agreement, so that should be what she's presented…"
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- What is your role?
- Gas Professional
- Which state(s) are you following?
- Pennsylvania, West Virginia, Ohio
- What shale plays do you follow?
- Marcellus, Utica
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pig dung replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PApig dung replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
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