If a property is very hilly, is crowded with mature trees or has little access to public roads, is it less desirable for housing a a vertical well ? What other conditions affect lease prices?
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A vertical well can be put placed just about anywhere! When you speak vertical they are every where. In the Ohio map thread a much appreciated effort was made by BICS that shows well locations all over Eastern Ohio that can be displayed upon google earth.
According to the ODNR when I called, a verticle well can be placed upon as little as 40 acres. The output of such a well would be severely limited in production so it would not be practical in comparison to a Horizontal well.
Put on a pot of coffee oops make that barrels of coffee and read the threads here, you'll learn.
Here is a good animated video you can view which rather explains why a vertical well is not very practical when you see the difference. http://www.youtube.com/watch?v=AYQcSz27Xp8
Yes, but a truck or two has to be able to get on to the property first.
Where there is a will to do it it can be done if it weren't for politicians.
Very shallow wells (think Berea formation) can be placed on a minimum 20 acre drilling unit.
Bulldozers can go anywhere.
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