EV Energy to Continue Looking for Oil in Utica

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Permalink Reply by william r rinehart on May 13, 2015 at 5:16am

If you read the article,

the first 90 days was favorably to the parker well (5, 816) barrles of oil in 90, after 90 days production fell to half the Parker well. So it appears the material is there, just have to figure out how to keep it flowing.

 

Permalink Reply by Joseph-Ohio on May 13, 2015 at 5:22am
Could it be that all they have to do is open the valves ?
Permalink Reply by Billy Park Whyde on May 14, 2015 at 1:40am

Just a bit outside Hebron Ohio some Rose Run wells were drill in the early 2000s. One of which produced 43,000 bbls the first year and is still in production  but of course it has dropped off dramatically now. These wells were VERTICAL wells and fracking was by the tradition techniques used back then. With the latest techniques used in seismic mapping. drilling and fracking it would be my guess that when the dust settles, the small producers that are holding leases by HBP are eliminated then the biggies will come to roost. 

Permalink Reply by James Vanderink on May 14, 2015 at 2:10am
Billy I believe the well Gary C. is talking about is north of Alexandria and an offset to the record breaking cgas well. It had an IP of 600bbls a day and produced over 100,000bbls of oil in the first year. Lots of interest in the Lobdell Oilfield again all the sudden. EVEP, Knox Energy, David R Hill Inc to name a few.
Permalink Reply by Billy Park Whyde on May 14, 2015 at 3:43pm

Interesting

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