Boy Scout Well peak production

realizing the numbers are initial peak production.......how does that production translate to money? not royalties, or amount per acre......but how much money in todays prices, did this well produce on that "day of peak production"?

1,560 barrels of condensate

1,008 barrels of NGL

7.1 MMCF natgas

 

sounds very impressive.

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Permalink Reply by Peter Schueler on September 8, 2012 at 12:23pm

Utica Shale,

Decline rates and EUR are modeled mathematically with empirical data as a guide. The Boy Scout well reservoir and likely many others like it contain multiple hydrocarbon fractions, each of which have unique temperature and pressure phase boundaries and viscosity profiles. It seems that that the decline rate of each component will be different suggesting that the mix of components will change with time. Perhaps one way to simulate the reservoir would be to construct a pressure vessel filled with shale then charged and pressurized with the hydrocarbon components at the temperature and pressure that exists in the reservoir to be modeled. Has this been done? 

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on September 7, 2012 at 4:59am

It is short term, but long term that 3% will obviously effect the bottom line.  Wells like this one are clear home runs.  The reality is that most wells are not this good.  Now, if we start to see dozens of wells produce at this rate then we'll have a good understanding of the economics.  I'm happy for any landowner who gets one of these monsters, it's great news.  But when it comes to extrapolating one well out over a much larger play I'm not holding my breath.  

Permalink Reply by Doc on September 6, 2012 at 12:03am
ODNR has not posted a map of the production unit for this well. Gulfports other wells completed before and after are online. This one is surrounded by lake Clendening. It will be interesting to see the size and location of the unit. They have been flaring the well recently. I hope the boy scouts benefit!
Permalink Reply by mark moll on September 6, 2012 at 5:07am

Jimmy - i noticed the same thing.....no paperwork on this one.

I would say no matter which direction the bore travels - it has to go under the lake.........i was wondering if the state land would be leased.

there is an older shallow well DU that has some tappan state land in it close to deersville, and CHK is drilling off 646 (Addy i think) that would seem to go under tappan if they did a southeast bore.

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