Replies to This Discussion

Permalink Reply by bo boboski on January 30, 2016 at 1:27pm

Ummm, have to get the thinking cap,or calculator out on that one.

Permalink Reply by Jeffrey Stoll on February 1, 2016 at 6:08am

If a 20,000 ft lateral produces the same amount as 3 -7,000 ft laterals, and the 20,000 lateral is in a unit that is 365 acres and the 3 - 7,000 ft laterals are in a 600 acre unit, your 50 acres gets credited with 13.69% of the production out of 365 acres and only 8.33% of the 600 acres....follow?

Permalink Reply by bo boboski on February 1, 2016 at 10:26am

Looks like,if it works as planned, it will be a good thing for the producer AND the landowner.

Permalink Reply by WranglerRouser on February 2, 2016 at 8:36am

OK...   but a 600 acre unit would produce nearly double the amount of oil and gas as the 365 acre unit would; so proportionally your 13.69% would be worth basically the same, in dollars and cents, as 8.33% of 600 acres.  It's basically a wash

Permalink Reply by John on February 3, 2016 at 1:27am

Your assumption is that double the acreage will produce double the gas, yet they have the same amount of lateral length.  My question would be, can a single well with a 20,000 lateral output as much as 3 wells with 7,000 laterals a day or will it produce the same as a single well over a longer period of time?

Permalink Reply by Jeffrey Stoll on February 3, 2016 at 7:42am

Wrangler, I believe Eclipse thinks that what John said is going to turn out to be correct.  I think they believe a 20,000 ft lateral will produce the same as  3- 6,700 ft laterals. I also believe that it can't produce for as long since you can't have as much gas in a 365 acre unit as a 600 acre unit if the thickness of the producing zone, porosity and permeability are all the same. I would rather get more money now for a lesser number of years than less money now for a greater number of years.  Time value of money

Permalink Reply by bo boboski on February 3, 2016 at 12:46pm

My take is; Eclipse doesn't give a rats ass about how much more,or less the royalties for the landowners will amount to on this 5 mile long wellbore. They are  only concerned about how much more  $$$ they will make on it, compared to a 7000 ft. lateral. It's gotta be less expensive to drill one 20,000 ft. lateral than 3-- 7000ft.ones. Set up the rig once,drill one verticle.Frack it once,not 3 times. Just Sayin.

Permalink Reply by Fast on February 4, 2016 at 1:10am

Good morning Bo,
Nicely stated. Not sure but I thought I heard some landowners had to sign off on this unit. However,as the stories are posted frequently about non payment of royalties, people seems to allow it to happen!! If I were a landowner that would not happen. I'd make them take me to court to use my land.

Permalink Reply by bo boboski on February 16, 2016 at 10:44am

I'll betcha they'll have the Purple Hayes drilled by the end of the week. I heard from a worker on that pad that they only had 4000' left to go about a week ago. Also heard that when they take the rig down,it'll stay down for a while. ALL HEARSAY, but who know,some people may actually know what they're talking about.

Permalink Reply by sherry on February 16, 2016 at 2:59pm

Glad they will be done drilling the purple Hayes well. I'm tired of hearing it!! ,only a 1/2 mile from my front door.

Permalink Reply by bo boboski on February 16, 2016 at 10:19pm

Sherry, don't get too glad. After they take out the rig,they will frack it. Being 26,000ft. well, it will take them longer than normal to frack. Instead of the normal 25 frack stages,it may take over a 100 on this one. I.ve noticed that the fracking makes even more noise! Lots of sand will be needed trucked in too. Sorry,but I hope you are in the unit,the royalties will ease the pain.

Permalink Reply by evan on February 17, 2016 at 5:45am

They are laying waterline across me this week to get to frack it so it won't be to long now before they start. There saying late Feb. to start

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