"And just as a quick PS regarding Utica wells, XTO (Exxon), Chevron, and even Chesapeake have taken out very recent permits targeting the Utica/Point Pleasant formations.
There is a GREAT deal of anticipation regarding future Utica potential, but…"
"I do not think it is possible for several reasons, the pressure differential between Utica and Marcellus wells being just one.
Think of a long metal straw going down from the surface 8,000 feet to a Marcellus well.
The entire hardware must be able…"
"If government entities, for example Pittsburgh, Allegheny County, Ohio or Pennsylvania were ever to embrace hydrocarbon development under their lands, the economic windfall could be astronomical.
Dedicating royalty revenues for items such as…"
Without going "too far out into the weeds" on this, there is a process called 'zipper frac' wherein alternating stages from adjacent wells are frac'd one after the other.
The elevated induced pressure underground…"
Almost all shale plays have a predominant direction in which the naturally occurring fissures exist or are deemed to form under elevated (fracturing) pressure.
Operators try to intersect these fissures at a 90 degree angle to maximize the…"
Financial constraints will pretty much always be present in this capital intensive industry.
The well run operators stand to do VERY well, even if it means gobbling up weaker competitors.
The gas - as opposed to oil - focused operators are…"
"I learn easily as much as I provide, carp.
You local folks can be an incredible source of onsite/current information, and I greatly appreciate what you all collectively share.
From a slightly different, expanded view, you all - specifically this…"
"The buildout of new pipelines from the Permian guarantees a huge increase in oil output in 2019/2020.
The large amounts of associated gas will be a daunting market competitor for Appalachian Basin output as the gas is a mere byproduct from the more…"
"There are 175 permitted wells in Greene county targeting the Genesee with 28 producing.
The Genesee, along with the Geneseo, Burket, Rhinestreet and Middlesex are all part of the Upper Devonian group and are completely distinct from the Marcellus.…"
"Those arctic blasts, Mr. Russell, may help you folks in more ways than you can imagine.
The New England electricity situation - supply wise - is extremely precarious and highly weather dependent, specifically in extended cold snaps.
The point to…"
That is exactly right but the perils may not have been sufficiently highlighted.
When the Yamal LNG plant is finally done, the 27 million tonnes per year output will come at an investment cost of about $30 billuon.
This is somewhat…"
"I know you've been waiting for Ashtabula county development for a while, JO.
Although Hilcorp just drilled some of the best producing wells in Columbiana county recently, farther north does not look especially productive.
What might help you…"
"After the construction activity tapers off (16 month long project, it is said), truck drivers will be in huge demand.
The overall achievement of commercializing LNG far from tidewater (aka seaborne shipping) is something I find quite…"
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 ]