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Permalink Reply by James Vanderink on February 4, 2014 at 8:38am

Why? Cost to drill shallow vs deep. One thing is for sure is that Enervest is successful they will keep the results close to the vest. Personally I think a horizontal bore into a Clinton GAS field is doable right now.

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Permalink Reply by Paul Martinelli on February 4, 2014 at 9:02am

Interesting.....and yes.....that would be significant.....

 

All the old HBP leases would still need to be ammended....as most have pooling limits of 160 or less.

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Permalink Reply by TM on February 4, 2014 at 8:38am

I agree James. There is still a lot of oil that has not been recovered in the Clinton formation by conventional methods. Maybe Enervest wants to become a horizontal clinton well driller the way it is looking. They still hold massive amounts of old shallow rights leases in Ohio. My big question is will it work and will it prove to be economic?

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Permalink Reply by Ed C on February 4, 2014 at 11:57am

Enervest has been trying to sell those oil window leases.  They are drilling a few jv wells out there to "crack the code" and put value into land that isn't moving.  If they can show economic wells, they can sell the land.  If they can't, then they are going to have a bunch of PO'd shareholders.  They predicted they would sell the land by YE 2012.  Here in 2014, patience is wearing thin with them.  Their MLP EVEP has lost 70% of it's value since 2012.  They've pretty much banked the MLP on selling the land and it looks like they got punk'd by McClendon.

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Permalink Reply by Paul Martinelli on February 4, 2014 at 10:17am

Snort.......what wells is this information based on?

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Permalink Reply by David Mohn on February 4, 2014 at 11:32am

So what about areas in eastern Stark that show they are in the wet gas zone.  From what can see my farm might be right on the line between wet gas and volatile oil zone.

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Permalink Reply by Bob Rock on February 4, 2014 at 4:18pm

Snort W. Did BP drill into just the point pleasant or another formation?

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Permalink Reply by Michele on February 4, 2014 at 4:27pm

Does anyone have any ideas about Northeastern Columbiana County?

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Permalink Reply by arminius on February 4, 2014 at 4:32pm

Snort,

Do these same realities exist in western Guernsey County that you alluded to?  Is EQT encountering paraffin problems with their wells in southwestern Guernsey?

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Permalink Reply by TM on February 4, 2014 at 4:55pm

I thought all light sweet shale oils had high paraffinic content. The Eagle Ford and the Bakken have high carbon paraffins in the oil as well. I doubt the Utica shale is that much different in the levels. The wax would build up in rail cars, barges, and trucks as well but they still haul it out.

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Permalink Reply by arminius on February 4, 2014 at 5:59pm

TM,

That was my understanding too, having read several paraffin related discussions on one of the eagle ford boards (eaglefordforum.com).

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Permalink Reply by Mark McGrail on February 5, 2014 at 12:49am

Snort,

Years ago wells with a high parrafin content with solvents; could them same type (or another) treatment work on wells in the oil window ?

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