"New paywall in the Post Gazette piece yesterday about the CNX pipeline construction in Indiana County being shut down Mar 30 by DEP due to discharges into a high-quality stream. Don't have all the detail but sounds like what was discussed above."
"Nobody bothered to ask them specifics in the Q&A portion of the Analyst's Call yesterday, but they really downplayed the Marchand 3M. They said it's under "managed pressure", and that it's on the "fringe" of…"
"My source on the EQT commitment was an attorney/consultant dishing inside info. The rest is just me asking if anyone knows something similar about what CNX might have up their sleeve yet to rescue this well from what otherwise looks like disaster"
"Farmgas, if the owner/operator of the well isn't another E&P Co but a utility powering a gas turning, they'd be happy to flatten a production curve for some number of years longer at lower daily output. They'd be more interested…"
"One other possibility occurred to me. When EQT abandoned it's Armstrong Co Dry Utica plans and walked away from a permitted Kittanning well, it was said the production was committed to a powerplant. Could this be the case here, was this…"
"Bullfrex, could you link to that curve data? It's 180° different than the published type-curves I've seen. CNX has been touting a 14-18 mo flat peak at 25+ MMcf day and.3.5Bcf Estate Ultimate Recovery per 1000' of lateral on…"
"Incidentally, a quick back of the envelope calc on 5MMcf/day says at Fri close of $2.31 for Dominion South this "dud" of a well would generate $4.158M USD in 1 year of sales, and even at a 1/8th royalty that's more than $500K. A…"
"Something suggests there's going to be a whole lot of fracking activity suddenly grind to a halt and move out of PA to WV or TX or wherever until the issue of ROC/Fracs constituting trespass is resolved better in Briggs case.
CNX took a…"
"Farmgas, I simply don't have the answers. I do wonder if it doesn't have something to do with other local/regional producers shutting wells in, the rush to sell off producing wells, and some longer term goal of driving down the price of…"
"The science might change with the Superior Court remand on fractures being tresspasses, who knows. I certainly don't know what they've done differently here besides drill where no one had yet tested the Utica"
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