LOOKING FOR OPINIONS

We are still waiting to sign a lease, but before we do, I'd like to hear what people think the future might bring on a couple subjects:

 

1) Do you think the O&G cos will create a large unit (1280 ac) and then drill one well on one pad to hold the entire unit HBP, or

      a) will they drill several wells on one pad and produce them to the max now? or

      b) will they drill several wells on one pad and choke off most of them, produce one and then produce them to the max later when the price of gas is higher? or

      c) will they come back in later when the price of gas is higher and drill more wells from the same pad?

2) Is it better to be in a small unit (640 ac) with 6 wells or a large unit (1280 ac) with 12 wells?

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Permalink Reply by Finnbear on November 23, 2011 at 5:12am

Depends on how well their lease is written.

Permalink Reply by mike4t on November 23, 2011 at 5:21am

Agreed, but who thinks of these things when you are looking at a lease? I bet few if any O&G attorneys do

 

Permalink Reply by Finnbear on November 23, 2011 at 5:35am

The one that is working for my land owner group in Wayne county does.

Permalink Reply by Easy on November 23, 2011 at 6:14am

They will not permently reduce the pad. They plan on coming back. When will determined by many factures. 

3uq96odaochmjPermalink Reply by 3uq96odaochmj on November 22, 2011 at 2:24pm

If I could predict the future, I'd be a ga-zillionaire by now :-)

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