Blueflame_02
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Blueflame_02 replied to rob's discussion 'Indiana County Marchand Unit'
"CNX describes these as "offset" but they aren't direct offsets within 1000-1500' well spacing. No company in SWPA has drilled multiple Utica wells from one pad, going the same direction with well spacing. "
Feb 1
Blueflame_02 replied to rob's discussion 'Indiana County Marchand Unit'
"Obviously depth is huge. Companies are having issues drilling these wells in a timely manner (causes drilling costs to rise). I think there is a reason that Rice, EQT, Range, etc. have only poked into the PA Utica and more power to CNX if they get…"
Feb 1
Blueflame_02 replied to deutchen's discussion 'How much royalties per acre?'
"For sure. I completely agree with you. Also that plat map is for Antero in the wet gas areas of Noble/Monroe - Antero has decided to tighten spacing in the wet gas areas as they feel that it increases EUR without detriment to the net asset value. In…"
Jan 4
Blueflame_02 replied to deutchen's discussion 'How much royalties per acre?'
"Ed - Correct, I only utilized one well on "600 acres" as a middle point for reference. It is possible that GPOR doesnt drill 4-5 wells. XTO came in and permitted 4-5 wells per pad in Eastern Belmont and ended up drilling only 1 well on…"
Jan 3
Blueflame_02 replied to deutchen's discussion 'How much royalties per acre?'
"Here is a theoretical answer. Let's say GPOR claims 2.0 Bcf/1k. And they decide to drill a 9000 ft lateral.. 9000*2.0 = 18.0 Bcf over the entire life of the well - 18.0 Bcf X $2.00 flat gas price = $36 million dollars.. $36 million X 15% = $5.4…"
Dec 29, 2017
Blueflame_02 updated their profile
Dec 21, 2017
Blueflame_02 replied to Bluejack Farms's discussion 'East Ohio Oil and Gas LLC'
"As a side note, Geopetro is currently testing in nearby Wayne County for the Utica/Point Pleasant. Could help Cabot confirm their entry into…"
Dec 21, 2017

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Which state(s) are you following?
Pennsylvania, West Virginia, Ohio
What shale plays do you follow?
All Shale Plays

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FERC to Constitution Pipeline: A Year Means A Year, You Shoulda Fought

Posted by Thomas J Shepstone on July 20, 2018 at 8:31am 0 Comments

Sadly, FERC has once again refused to help Constitution Pipeline avoid the consequences of letting itself to be double-crossed by Gov. Andrew Corruptocrat.

FERC, in a decision released yesterday, has denied…

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