Replies to This Discussion

Permalink Reply by Jack Straw on May 3, 2012 at 5:38am

RE: "Is there any web site to tell you what wells are online and what they are producing?"

That depends upon which State you are in.

 

RE: "how long does it take to get your first check?"

Usually around two months after the well has started to produce into a pipeline.

The gas is metered and tallied at the end of the first month.

The checks are cut and mailed one month later.

But, this is at the whim of the operator (or verbiage in the lease).

One size fits most.

All IMHO,

                JS

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Permalink Reply by Brett R Oxley on May 3, 2012 at 6:25am

Jack, I have been following your posts for some time. I can easily say that your posts are very helpful and informative. I greatly appreciate your contributions on this site.

 

I was wondering if you were faimiliar with the Geatches No.1 well in Mahoning County, and what is your take on what is going on with it. I know they pulled 758 bbls of oil out of it last fall while they were retrieving the fracking fluids. Since then there has been no activity at the well. Chk does not list this well as in production.

 

Do you think it is not a good well, or could it be a problem with no transmission line for the oil. I see that Chk has about a dozen well drilled/completed in the area, including the Buell beast but only half  of the wells they have listed as completed are also listed as in production.

Can you explain why that is, or what it means?

 

Thank you.

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Permalink Reply by Finnbear on May 3, 2012 at 6:42am

For one possible explanation read the excerpt below from "Chesapeake Energy's CEO Discusses Q1 2012 Results - Earnings Call Transcript" found at:

http://seekingalpha.com/article/552841-chesapeake-energy-s-ceo-disc...

Aubrey K. McClendon

That's all right. I was just going to point out that the Buell is really an important well. And the Buell was the well that was shut in for the longest before it came on. And so one of the approaches we've taken in here is that our wells are -- we're not bringing them on immediately after completion. Sometimes that's due to pipeline delay, but sometimes, it's due to certain engineering and production performance benefits that we get by leaving them shut in for a while. So if you look at the Buell, at least 575,000 barrels of liquids and 13 Bcf of gas, it may very well be our best shale well ever. And so I think that's a great indication of what's likely to come going forward in that play. But you're never going to get the information you probably desire from the state reports because it's never going to report liquids and it's always going to be at peak rate. So I think you'll just have to watch the play develop. And the good news is a lot of other producers are getting in the area and starting to talk about it more, I think you'll be able to triangulate in to what we see, which is how could we be more pleased with the play when in one of your first wells, you drilled your best shale well ever after having drilled thousands of shale wells. So I think it really bodes well for the play going forward.

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Permalink Reply by Brett R Oxley on May 4, 2012 at 7:24am

Thanks Finnbear, I see you replied on another thread on this topic. Your help on this is greatly appreciated.

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