EQT to stop drilling until 2016

According to a rep. from EQT, they will discontinue to drill any wells in the North Star rd. area.  The rep. indicated that the wells they have drilled have not had good pressures and they have had to pump the crude because of the low pressures.  They called me this week and said they will be removing the temp. water line across my property.   This is very disappointing considering they had planned 8 holes on my site.   All I can say is thanks for the sign on bonus. My lease is up in 2 years.   Hopefully I can just sign on again and somebody else buys the lease.  Maybe they don't know how to frack to get the pressures that everybody else is seeing. 

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Permalink Reply by catt on November 23, 2014 at 5:15pm

Maybe they are getting ready to sell out this area to one of the companies in the area. When all is said and done there will probably be only a few companies left with them buying out the smaller ones.

Permalink Reply by Mike Fulper on November 26, 2014 at 5:04am

Halliburton had nothing to do with EQT fracking....

on Cubbison rd wells..

EQT brought frackers in from TEXAS...

Halliburton did Spencer and Clark....

The main reason EQT has stopped is ......OIL prices dropped...

Permalink Reply by Upstream1974 on November 24, 2014 at 1:19am
When you keep the bit in the zone you get paid.




When you

Permalink Reply by Upstream1974 on November 24, 2014 at 3:10am

No, not really. Could be nothing. I like to watch what they do not what they say.

Permalink Reply by James Vanderink on November 24, 2014 at 8:14am
The Wayne County well was never produced to my knowledge. Flared for near a month and capped.
Permalink Reply by jonathan M. on November 24, 2014 at 9:45am
Jesse,

I was thinking same thing... No clue what his posts imply
Permalink Reply by Upstream1974 on November 24, 2014 at 11:19am

E Gonzales couldnt keep the bit pay zone.

Permalink Reply by James Vanderink on November 25, 2014 at 11:11am
There are quite a few 10 million dollar wells drilled by Anadarko and Devon sitting there with caps on them. If they were worthless they would be p/a.
Permalink Reply by bo boboski on November 25, 2014 at 11:07pm

Maybe they are waiting for someone else to crack the code. To figure out the best way to frack the Utica shale, then they will come back ,re-frack them. get the oil flowing!

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