Replies to This Discussion

Permalink Reply by Jason on December 29, 2013 at 4:20pm

Keep that information flowing Craig. The seismic test covering the lower BC townships is underway. You guys up north have a two year head start.
Time to play catch-up!

Permalink Reply by Todd on January 3, 2014 at 6:01am

Great news Craig and Jason! It appears that Hancock's year may be 2015 - I hope! :)

Permalink Reply by Todd on January 3, 2014 at 8:50am

Craig,
Do you know if these are all Utica wells being completed in South Beaver or are any Rhinestreet wells being drilled and completed as well?
Thanks,
Todd

Permalink Reply by craig on January 3, 2014 at 8:56am

Todd, I do not know for sure about all the wells being completed or fraced now.  I do believe that the ones being fraced now are Utica wells, I'm absolutely sure some of them are Utica. From what I've seen all pads have at least one well to the Utica, while others to be drilled are permitted differently and probably goto other plays. I also know that at least one well has permits for two plays from the same downhole, while others use their own downhole to hit a different play. No specifics as PA reporting is abit lacking in scope.

Craig

Permalink Reply by Todd on January 3, 2014 at 9:15am

Thanks Craig,
I figured they're mostly if not, exclusively, drilling the dry Utica now for pipeline connection. Most likely, the wet Rhinestreet will be drilled after the hopeful ethane cracker is approved.
Interesting that they're drilling 2 shale layers from the same borehole. Which pad is that located at? Very interested to see all of the upcoming results of production!
Todd

Permalink Reply by craig on January 3, 2014 at 3:11pm

Todd, I just quick counted the wells that have 2 permits for the same downhole and there are 9 I believe. Petrik,wall, jenkins, maga, mcroberts, mcmasters, fedorchak, ferrebee, and  liberato. They are listed like this:    Petrik 8H and Petrik 8H M   .

There are also wells that are listed as V, which probably means they are permitting the downhole and will permit whatever Horizontal(s) they want off of that vertical.... this is a guess upon my(and others) thoughts.

Craig

Permalink Reply by Frank Nesmith on January 4, 2014 at 6:46am

I was told by a landowner who has one of the permitted "V" wells by Chesapeake that they were permitted as a vertical well for now, as there is no intention to drill them in the near future, but in order to hold the leases, they had to renew the wells permits and the cost of a vertical permit is less than a horizontal permit. This worries me because there was news on Wall Street last week that Chesapeake will divest of even more wells in the dry gas area and let some leases expire. 

Permalink Reply by Todd on January 4, 2014 at 8:17am

Craig,
Are you 100% sure CHK is using the same downhole for the Rhinestreet and Utica? Based on Rex's multi-strata wells in Butler and Magnum Hunter's multi-strata Stalder Pad in SE Ohio, I thought CHK would drill separate downholes for different strata.
Frank,
If CHK only drills a vertical to hold mass acreage, they are asking for more lawsuits. Also, remember that the Rhinestreet is wet. That being said, CHK selling is not necessarily a bad thing depending on who it is.
Todd

Permalink Reply by craig on January 4, 2014 at 11:50am

Frank, I understand what you are saying but the way they are listed it doesn't make sense. I just looked and every Well listed as a Vertical already has one well drilled in a different downhole on the same pad.

Here's what it looks like for the Petrik well:

Petrik BEA 3V   Permit # 007-20389

Petrik BEA 8H  Permit # 007-20336

Petrik BEA 8H M  Permit #007-20350

The only one drilled is the 8H, which would be the Utica. 

8H M would be targeting the Marcellus, using the same number 8 downhole.

V of course is vertical only and notice it is the number 3 downhole.

I don't believe they could hold a whole other horizontal by drilling just a vertical. Maybe they could hold a certain amount of land in a circle around the downhole? 

If you look at their recent presentation the map clearly shows our area in the wet gas area, regardless from which strata, from what I can see. And remember, when the cracker plant gets built (notice I don't use if anymore cause I believe it is coming) there will be a tremendous demand for natural gas, regardless of the price I suspect.

If CHK divests our area ( which i believe is NOT the case), we might well be better off, who knows?

Permalink Reply by Todd on January 5, 2014 at 8:39am

A vertical well can, at most, hold the one lease that is drilled upon.

Permalink Reply by Todd on January 7, 2014 at 1:13pm

Craig,

Here are the well plats for Fedorchak:

3H M drilled to Rhinestreet Shale

3H drilled to Utica Shale

As you can see on the well plats, the 3H M well borehole is located 20' away from the 3H well borehole.  Therefore, different "downholes" are being drilled for separate wells.

Attachments:

• Well Plat Fedorchak 007-20346 UTICA.pdf, 212 KB
• Well Plat Fedorchak 007-20347 Upper Devonian.pdf, 208 KB

Permalink Reply by Todd on January 7, 2014 at 1:34pm

Here's the same deal with McMasters:

Attachments:

• Well Plat McMasters 007-20357 UTICA.pdf, 373 KB
• Well Plat McMasters 007-20356 Upper Devonian.pdf, 390 KB

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