Neill Well

Looks like PDC has changed name of second well to be drilled in Washington County to Neil Hz well, maybe on Righteous Ridge. This was previousy on map as Maxwell well

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Permalink Reply by Ron Webb on April 4, 2013 at 10:15am

Heres map

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Permalink Reply by Ron Webb on May 21, 2013 at 3:17am

Work has started on Pad,about a mile up Righteous Ridge off 339, this will be first horizonal well west of Muskingum River

Permalink Reply by gary SWF on June 11, 2013 at 4:58pm

Anyone know status of well or well pad?..Any info when they may drill well?....Thanks in Advance.......

Permalink Reply by Ron Webb on June 12, 2013 at 3:26am

Rig was moved to pad last week,im not sure if drilling has started. They moved rig from Lowell.

Permalink Reply by Ron Webb on June 12, 2013 at 3:53am

pic of rig

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Permalink Reply by gary SWF on June 12, 2013 at 3:59am

Ron, Thanks so much....very interested in what happens on this drill site, as we own some property maybe 2-4 miles by the way the crow flies in Morgan County. We live out of state in Florida......all info greatly appreciated....again Thanks, Gary

Permalink Reply by gary SWF on July 19, 2013 at 1:56am

Anyone have any updates on the Niel well?....Thanks in Advance, Gary

Permalink Reply by Ron Webb on July 21, 2013 at 2:19pm

the well is drilled and rig is back up in gurnsey county,looks like they are getting ready to frack it,as huge water tank is being constructed on site

Permalink Reply by gary SWF on July 21, 2013 at 2:25pm

Ron, Thanks so much....let me know if you here anything about what the well looks like if you hear anything.....I know that the real knowledge will be gained after they frack it, but sometimes time they have some prelimary info after drilling....Thanks again, Gary

Permalink Reply by gary SWF on August 2, 2013 at 4:52am

 

 

Good news for Washington County....PDC 2nd. qt. report

Operator......

Our next question comes from Joseph Allman with JPMorgan.

Joseph D. Allman - JP Morgan Chase & Co, Research Division

When we're looking at the wells in Washington County, is there anything geologically different that might make those wells vary from the wells in Guernsey County?

Barton R. Brookman - Chief Operating Officer and Executive Vice President

At analyst day, we presented a cross-section that showed the geology and, Joe, I guess I'd phrase it like this: we are probably within 90% to 95% similarity as we go up to Guernsey and over the Belmont and the overall geologic properties we're looking for an unconventional play. Probably the one thing we get asked about a lot is thickness. We do have a deterioration in thickness of the Point Pleasant member from about 100 and 105-foot to 95 to 100-foot. So we lose 5% to 7% of our thickness but there are some other properties as far as some carbonate content and some other things that may attribute more to natural fracturing in the Point Pleasant that we're actually, on the flip side, more encouraged by. So bottom line is, I think if we had the head of geology in here, we couldn't be more encouraged by all the data we have for our Northern Washington County acreage.

See entire call info at the address below....the real meat of information is in the Question...Answer area at the end.......
Permalink Reply by gary SWF on August 5, 2013 at 10:34am

PDC Energy Announces Public Offering of Common Stock

3,750,000 shares of its common stock in an underwritten public offering........current share price is about $57-58/share.......3,750,000 shares @  $57.50/share = $215,625,000 cash raised...interesting.....with about $400,000,000 currently in cash would make over $600,000,000 available........you don't spend the money needed (cost) to put together a public offering if you do not have an  immediate need............ should have money available for 4 qt. this year........Time to go shopping?????.....Northern Wasington County, Ohio??? ALL IMHO

Permalink Reply by Ron Webb on August 15, 2013 at 5:26am

Gary,they started to frac Neil well on Monday

9/13 ,Lowell well is fracked and in 60 day resting period

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