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…"
"If they are water testing, they have some plans to move forward, sooner rather than later.
Now, as we have seen, those plans can change in a heartbeat, but I hope that doesn't happen.
In an attempt to clarify....they are testing to a radius of…"
"I would guess diesel will remain for heavy transport, as an EV just won't fill that spot in the transportation of goods sector....at least for some time. So we will have to buy an EV or Diesel....if the gubmint will allow the latter.
"I don't know about anyone else here, but this article is extremely hard to read and come away with any coherent sense of what the author is trying to convey. I respect Dr. Fine, but this might have been edited to oblivion??"
"To my knowledge, all wells are drilled to the NNW or SSE from the pad for both Marcellus and Utica wells....something to do with the natural fissures in the rock.
Again, could it be for a different target formation? This has been explained to me…"
"I didn't see where you listed your location (State, County, Twp.).
One thing that jumps out at me is the E&P might be targeting a different formation from the one produced on the existing pad.
Bo might also have offered a possible…"
"The story as written is confusing to me....two different folks having issues with SWEPI, but it seems the DEP has ruled no foul in the case of contaminated water, while the other about a cancelled bonus payment on a lease is going to be settled by…"
"I am afraid I have little knowledge of the gas well workings and how this will shake out. I hope it is positive for those involved.
My concern is the 'propaganda' that will be spun from this incident....not good for the industry in the…"
"This is going to be a BIG deal once the mainstream media, fracktivists and the anti-fossil fuel crowd get wind of it. It is unfortunate for the gas patch that one driller might have tried to cut corners, and the 'accident' is going to set…"
"Those were our thoughts also....thanks Jack. An 80% decline (Houck 26H) in 9 months will have that effect.
Seems that the sweet spot starts 5-10 miles North and NE of Houck.
I have been curious why the Stanley 1106 pad in Osceola has not had any new…"
"Of equal note regarding the wells at the Houck pad; they originally drilled one Marcellus and one Utica there. Neither well appeared to be what I would term better than average, and the Utica would be considered less when compared to other Utica…"
"While I agree the Gov't shutdown is painful for those receiving no paycheck (a close relative), I agree that this is maybe the last 'best time' to try and right the ship. Trump was elected to do that, and it is, was and will always be…"
"Some things in your original post are confusing to me:
The found a 'new heir in CA'----you said you cleared the title in 2006?---why didn't this show up in the original title search? Have you verified their search information? Have…"
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
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