i have yet to have this question answered and its baffling me or maybe i'm too dense too wrap my mind around it.with the talk of putting a mineral rights owner or land owner in a "unit" of 640 or 1280 acres,it appears that only the people in the actual drill path are the ones to get paid.this being said the drill paths that i've seen posted by the state range between 140-180 acres roughly.so if your in a drawn up unit and your not in the direct drill path do you still get paid? or if your in a unit and your in an actual drill path from the drill pad in the middle of your "unit" do you get paid on the other drill path legs from that pad? and if the answer is that you have to be in the actual drill path, then what is the mineral right owners advantage to sign an addendum to their contract to bump there acreage unit size if they are going to be put in a unit to be held but not be in an actual drill path?
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Kathleen,
Can I go online for columbiana county and find all the names listed on the declaration of a pooled unit for the Benner Well? Or do I have to go the courthouse?
One other view is that with a larger unit there will be one less pad site in that same area. If you are in a highly populated area, this would be one way of getting everyone royalities with less land disturbance. That should keep the tree huggers happy. I have 2 large units, 1250 and 1109 acres. I had no say that it went to the bigger units. This is all $ that I never had before. It is going to take me longer to get my first million $'s than some others. I just wish I could keep it all . My one salvation is that I'm in the NEW sweet spot and they are coming back to drill again soon.
whats the longest lateral chk has drilled?
wj
Franclaire East 6H did have the longest in the Marcellus. Top hole to bottom hole is over 16,000 ft. Lateral is almost 9,000. Right now it is the top CHPK well. Others may have a little better production, as this one has only been on line for 1 year. Pressure is holding at 3000 lbs, 10 MCF per day, no decline curve. They had it held back to 6 MCF but had to bump it up to 8 and then to 10 because it was freezing up.
We are in NEPA with CHPK. Our one lateral is almost 9000 ft long. If they can, they are drilling longer. Most pads they are spliting in half with a North Unit and a South unit, so they can drill longer. Sometimes it is 640 or less for each unit, but some are 1200 each unit. They keep changing their strategy here I think. On ours,they were planning on taking 3 pads of 6 wells each and making 2 units. These are East and West units. As of right now there are 2 pads with only the middle pad drilled- One well in each unit. All acreage is held by production now. Each unit was to have 9 wells each. They have the capability to drill more than 6 wells per pad. We call them Super Pads. They may drill 12 wells from the one pad.
One landowner in our area refused to sign for a larger unit, so they took his pad and made 4- 600 acre units and drilled a well in each unit. NE, SE, SW, and NW.
In our area the Marcellus is around 300 feet thick. They also may come back and drill bunkbed wells. The things they can do are endless.
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