"I saw a new permit for the Lingle 1102 pad in Deerfield township. This pad has three (Utica?) producing wells, IP in Nov.2017. They were not 'killer wells', but decent.
Permit type-Expedited E&S Stormwater General Permit 1
Is this just…"
"My opinion for 2020 and beyond is varied, depending on Politics (a real surprise, huh?), and the traction or lack thereof of the Anti fossil fuel gang.
Democrats oppose (now, at least) any further use of FFs, yet they fail to embrace the one true…"
"I don't disagree with you. My point is this is a forum for the gas biz in our little corner of the world. I visit this site to learn about it.
I do not begrudge anyone their opinion....we all have them about lots of issues.
There are literally…"
"I should have clarified. I meant natural gas prices.
Oil seems to be holding up (much?) better, although I heard on the news the other day that gasoline prices "should be falling soon", as much as $.25 per gallon.
You are not alone in…"
"Two words....gas price.
The 'talking heads' are certain prices will not rebound significantly anytime soon, so it appears that most E&Ps are cutting back on Capex, drilling only enough to fulfill pipeline contracts.
"The concept of re-fracing wells has been around for a long time....so it begs a question:
Does anyone have knowledge of a re-frac process performed on an existing Marcellus or Utica well in the PA/OH/WV plays?
I would appreciate being pointed to…"
"Lots of moving parts in this question; any speculation determining the 'royalty per acre' will be just that....speculation..
Size of the PRODUCTION Unit
Number of your acres in the PU
IP of the well(s) is a big…"
Quoted from the article....."Solar and Storage make sense"....and making sense is a far cry from being economically feasible and/or practical.
20 years ago.....Nuclear Fusion power made sense....and now is projected to be…"
"Nice summary, OT.
The latest roadblock being advanced by the enviros and Climate Change minions is less about energy density and more to do with Socialism and the advancement, to the detriment of fossil fuels, of low density renewables.
"A notable omission.....Painter 2H is missing from the list; came online in Sept. 2018; Spud date 2/28/2018
Surprisingly, SWEPI leads with over 40% of the fraced wells. A total of 24 wells?.....seems like a pretty short list.
Why? Price of NG?
Actual prices of NG realized from our producing well pad have ranged from $1.75 to $4.61 in the last 18 months....volatility rules.
While we can't control price or decline, a favorable decline makes me happy.....about 2-2.25% (M over…"
"In my limited knowledge, the choke of a well may certainly affect the IP and subsequent early production totals, but the E&Ps know their business (for the most part), and choking is the method to ensure the highest EUR for that well....time is…"
bullfrex I'm not real good at math but I would think 16% with no deductions would be better for when the well starts to drop off after a year or so .with 18% with deductions it hard to tell what the deductions would be I probably would owe them lol ps I value your opinion thank you BILL
bullfrex I have another dumb question lol. I just got a letter they want to lease my land at my house .in your opinion would it be better to go 18% with deductions or gross royalty at well head at 16% with no deductions its only for couple acres thank you sir
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]