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Permalink Reply by James Foster on October 10, 2013 at 9:46am

Probably just moving on to the next phase.  Do you know what has been done here?  My experience is with Chesapeake so it may be a little different.  They build the pad ... then leave for a month, many months, only in one case so far forever.  This may hold some land by production simply building the pad depending on the lease.  Conductor casing being set by a small rig is clue that rig is coming.  Rig comes a couple weeks to a month depending on how many laterals they do at one time.  Fracking equipment comes for a week or two depending on how many wells were drilled.  Pipeline crew comes if no pipeline is available or if they are moving wet gas to a cryogenic facility.  Whenever any of the above activities are going on there are lots of people, lots of trucks, signs along the road flaggers etc.  Then SILENCE for weeks or months in between these steps.  Pipeline work may not be done until several wells can be hooked up at the same time. 

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Permalink Reply by JREwing on October 10, 2013 at 11:03pm

With no pipelines in the ground, no fractionation facilities to separate the NGLs from the methane in either Mercer or Venango and no money to build either at the moment, Halcon is in a raise capital mode and looking for midstream partners to JV with to get both done. All of the signage from the well sites in Venango were removed also fwiw. Looking forward to Floyd's next presentation. Hopefully he will clarify the fate and future of the Mercer and Venango test wells and future pad drilling plans.

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Permalink Reply by JREwing on October 11, 2013 at 12:02am

Thanks for helping to cheer us all up over here Fang. lol The prospect of pad drilling in the near future does admittedly look bleak thanks to the Kibler well results.

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Permalink Reply by 0i7okn54zwbdo on October 11, 2013 at 7:45am

Keep in mind that HK's projected drilling program for the Utica/PP was only 10% of their total capex budget. That means no drilling like gangbusters, rather drilling slowly and steadily until they feel comfortable with production forecasts.

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