Indiana County Marchand Unit

Does anyone have an update on the Marchand Unit in North Mahoning Township.  One unit is producing and four additional permits are on the books.

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Permalink Reply by rob on October 10, 2017 at 12:23pm

CNX indicates that the Utica Well will go to "pay status" during the summer of 2018. Prices at that time will be different than they are currently - higher or lower, hopefully higher. Pittsburgh Hub prices are projected to reach parity with Henry Hub after the first of the year - 2017/2018. Lots of additional end users each day forward. Looking better each month!!!   

Permalink Reply by farmgas on October 10, 2017 at 2:58pm

Congratulations Rob!   Let`s hope for increased demand from the Renova system by next summer.  Your gas will be directed to the DTI pipeline on rte. 210 (Dominion Punxy Compressor Station), and then into their pipeline which heads toward Renova.   Additional demand is growing for this gas on the east coast including the LNG plant in Cove Point, Maryland.  Let`s hope for increasing gas prices!!   Please keep us posted of developments to the drilling and production of this well.   Thanks!!

Permalink Reply by farmgas on October 10, 2017 at 2:29pm

Paul...this rig will be on-site drilling for the next 4-6 weeks!

Permalink Reply by BUD on October 13, 2017 at 10:44am

I heard today they will be bringing in a bigger rig to drill the horizontal leg.

Permalink Reply by Paul J. Craft on October 22, 2017 at 3:02pm

Yes Patterson 801 still sitting on site yesterday. Wasn't doing anything around 2 PM.

Permalink Reply by farmgas on November 4, 2017 at 1:01pm

Is the Patterson rig still operating on the Marchand pad?  Anything new to report?

Permalink Reply by Paul J. Craft on November 4, 2017 at 2:53pm

It was there yesterday looked like they were drilling. I didn't slow down to get much of a look

Several hundred feet of drill pipe standing on rig.

Permalink Reply by Paul J. Craft on November 16, 2017 at 4:44pm

Rig still set up on pad today.

Permalink Reply by Spike's Kin on November 24, 2017 at 9:55am
This is the Dry Utica well that CNX is drilling but won't themselves be owner-operator, if I understand correctly. Sounds like a DUC at this stage. Anyone know who the counter-party is, and whether they're sufficiently funded to take it all the way to completion?
Permalink Reply by farmgas on November 24, 2017 at 10:10am

Consol identifies this well as a non-op well.   I don`t understand how they will not be the owner & operator of this well?   I don`t believe it can be considered a DUC since the rig is still drilling, right.  I think XTO Energy may be the partner for this well.  Both Consol & XTO seem to be working together for other wells in Central PA.  If so, XTO will be able to finance the completion of this well.   Spike`s Kin, do you live in the area of the Marchand pad?  

Permalink Reply by rob on November 25, 2017 at 6:44pm

Word on the street is that CNX will go to pay status (royalties) July, 2018. Hopefully, this holds true  

Permalink Reply by farmgas on December 3, 2017 at 8:02am

Rob - is the rig still operating?   Do you know when the well will be fracked following completion of the drilling step?  Have you heard of any additional plans by CNX in the immediate area?

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