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Permalink Reply by Mike Murphy on July 13, 2015 at 11:36am

and they still have the Utica to drill there TRIPLE PLAY

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Permalink Reply by Philip Thackray on July 13, 2015 at 11:52am

Mike,

The XTO Patton 1H in neighboring Connoquenessing Township is the closest Utica well to the Stebbins pad.  During the well's first 129 days of operation in 2014 the well averaged 6 million cubic feet per day.  By April of 2015 the daily average was down to 3 million cubic feet per day.  That is pretty steep decline and even at $4 gas I doubt that the well is economic given the cost to go down 10,000 feet to the formation.  And here the Utica is dry.

One day that will make sense but I think that day is 10-15 years in the future.

However, the Burkett seems as real as the Marcellus although I doubt that anything in this area is economic with current prices.

Phil

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Permalink Reply by Mike Murphy on July 13, 2015 at 12:43pm

new drilling and completion technology is getting better every day so it coukd be a lot sooner of course depending on the price of gas t oo   but we know reserve is there for many years to come

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