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Permalink Reply by 0i7okn54zwbdo on December 15, 2013 at 5:46pm

"Follow the $$$$"

I am.  It's in Belmont, Harrison, Carroll, Noble and Guernsey.  MFC is developing acreage for convention wells which, by the way, didn't stop being profitable because shale exists.  Knox has always had great geology and they'll be drilling there for decades to come.  

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Permalink Reply by James Vanderink on December 16, 2013 at 1:04am

"Follow the $$$$$"was meant for future development. Yes, you and I and everyone knows the present money is there. Do you think those five counties are it? Game Over? Hardly, Muskingum,Coshocton and Holmes are next.

Permalink Reply by 0i7okn54zwbdo on December 16, 2013 at 4:01am

"Do you think those five counties are it? Game Over?"

I think Mahoning, Jefferson and Columbiana still have some room to grow.  That said, it's pretty typical for shale plays to contract to much smaller areas within a few years.  They've all done it.  The Barnett and the Haynesville have far fewer areas of economical production than the original area that was leased.  The Haynesville core is at about ~10% of total acreage leased.  

Muskingum I think still has potential.  Holmes I think is out and Coshocton frankly hasn't been a place where I've done any research so I'll take a pass at that until I have better data.  

Permalink Reply by James Vanderink on December 16, 2013 at 8:44am

Marcus, this is from Jimmies total "whiff" at the Trempealea in Huron County in November. Just a reminder that this well was drilled and plugged in like 12 days. No frac. Can you honestly say that the Utica/PP isnt the objective of the MFC/Abarta JV?

Permalink Reply by 0i7okn54zwbdo on December 16, 2013 at 10:13am

"Can you honestly say that the Utica/PP isnt the objective of the MFC/Abarta JV?"

Yes, I can honestly say that.  For starters they have no money to embark on a speculative exploration program.  Beyond that one of the best drillers in the country couldn't figure it out so I sort of doubt the notion that MFC can do what Devon couldn't.

Permalink Reply by James Vanderink on December 16, 2013 at 11:33am

Come on, man. Its back and white.  Filed in Richland/Ashland/Huron.

Permalink Reply by James Vanderink on December 16, 2013 at 1:21pm

Marcus, if I were a bettin' man I got $$$$$$$ on Licking and/or Morrow!!!! Wink Wink!!!

http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/evep-o...

Permalink Reply by James Vanderink on December 16, 2013 at 1:40pm

Muskingum was the obvious bet, but the odds were toooooooo good. EQT/Enervest who would have thunk it? Guess who is leaking acreage to EQT also? Oops, already called that.

Permalink Reply by 0i7okn54zwbdo on December 16, 2013 at 6:46pm

I'll believe it when MFC/Abarta has a field of Utica wells in the lease position and production is strong.  Until then it's nothing but speculation.

Permalink Reply by 0i7okn54zwbdo on December 17, 2013 at 9:46am

"The MFC/Abarta JV is an operating agreement with R E Gas aka Rex."

Not in Ashland and Huron counties it's not.  The MFC/Rex deal is for the Warrior South Prospect, which is miles away from MFC/Abarta's central Ohio acreage.

" I don't understand why you are so combative about this Marcus."

Because I don't think it's ok to be cavalier about the truth.  Expanding the economic areas of a shale play based on the hopes and dreams of people on an industry discussion forum is simply not the way things work.  I live here, in the real world of data and empirical evidence.  

Permalink Reply by James Vanderink on December 13, 2013 at 11:15am

Thanks Phil, it looks like Mark and the the boys over at the ODNR will get a real nice picture of the Utica Mountain and Fault Line. I spoke with an old contact in the seismic business in Millersburg back in June. He said they were booked out about 6-9 months. Just saw him last week and he said they are now over a year. Like I said on the post "I wish they would hire Ohio seismic companies" not from Pennsyltucky!! Lol

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Permalink Reply by Philip Thackray on October 18, 2013 at 11:38am

James,

Most interesting!  I see Baranoski's name on Utica papers as well.  I'm in southern Butler County, PA and this is Marcellus country.  Utica is dry here and the precambrian is much further below the Utica here than in Ohio. The precambrian has the shape of the base rock below it.  I suspect that when the moving land masses wrecked on the base rock the Utica was more affected in Ohio than here in Western PA.

Thanks for the information.

Phil

 

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