Comments - Chesapeake Energy on track to be largest producer by end of '09 - GoMarcellusShale.com2024-03-29T01:46:42Zhttps://gomarcellusshale.com/profiles/comment/feed?attachedTo=2274639%3ABlogPost%3A11041&xn_auth=noScott: I agree with Ruby. Can…tag:gomarcellusshale.com,2009-08-14:2274639:Comment:114652009-08-14T13:13:42.686ZMmmarkkkhttps://gomarcellusshale.com/profile/Mmmarkkk
Scott: I agree with Ruby. Can't figure out why you'd want verticals when horizontals are much more productive and flow at much higher rates, recover much more gas. Only reason I could see is that in PA, to get a horizontal drilled the company needs to get leases for all of the minerals they will be drilling through/under. In other states, you can get a unit formed via forced pooling that allows efficient drilling/production but also protects the interests and rights of all of the mineral rights…
Scott: I agree with Ruby. Can't figure out why you'd want verticals when horizontals are much more productive and flow at much higher rates, recover much more gas. Only reason I could see is that in PA, to get a horizontal drilled the company needs to get leases for all of the minerals they will be drilling through/under. In other states, you can get a unit formed via forced pooling that allows efficient drilling/production but also protects the interests and rights of all of the mineral rights holders. It would be nice to see PA consider something like this. Louisiana's laws are better then Oklahoma's, IMHO. Ruby-- I was a bit confused b…tag:gomarcellusshale.com,2009-08-06:2274639:Comment:111022009-08-06T19:16:54.253ZTom Copleyhttps://gomarcellusshale.com/profile/TomCopley
Ruby-- I was a bit confused by some of the wording in the update, and was merely trying to error on side of caution, but you're probably right. 71% IRR goes a long way towards explaining why Chesapeake would risk deploying 19 rigs in the Marcellus for the balance of year. It's a bold move. Tom
Ruby-- I was a bit confused by some of the wording in the update, and was merely trying to error on side of caution, but you're probably right. 71% IRR goes a long way towards explaining why Chesapeake would risk deploying 19 rigs in the Marcellus for the balance of year. It's a bold move. Tom Thanks for your insight, they…tag:gomarcellusshale.com,2009-08-06:2274639:Comment:110812009-08-06T16:56:05.867Zscott mhttps://gomarcellusshale.com/profile/scottmccall
Thanks for your insight, they just offered me 500 per and 15% In the Elizabeth Twp area. However, they are only doing horizontals and have few leases around me. It would be great to get someone to do a deep verticle. Any thoughts. Scott
Thanks for your insight, they just offered me 500 per and 15% In the Elizabeth Twp area. However, they are only doing horizontals and have few leases around me. It would be great to get someone to do a deep verticle. Any thoughts. Scott