Opinions regarding the best stacked play areas.

If you have land and had your choice were it was for the best stacked play area...were would it be.

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Permalink Reply by jason irvine on July 21, 2018 at 7:29am
Jeffrey. We just signed our 2nd lease this january. 5k bonus and 18%. Probably could have done better on royality. We originally signed over 8 years ago for $1500 and 12.5. They had a 5 and choose the option to extend another 3 years. It expired in january..glad for that.

We also just signed another pipe easement. We had a pipe run 2560ft for 35 a foot 5 years ago. We recently signed again for up to 4 more pipes. Each of those are over 2500ft. We signed for 2 and they have a option to sign for 2 more. Plus they are also running a m temporary water line.
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Permalink Reply by Jeffrey Beunier on July 21, 2018 at 3:52am
Bulfrex

the utica in NE and North Central PA is relatively new. Shell was leading the push and JKLM is heavy into it. The formation is a different beast up there, and it will take a bit for them to truly crack the code with formulating the right landing zone(s), completion techniques, etc....give it some time, but it appears that there is significant gas in place. The NE PA issue is that sometimes, too good is also too much - so much gas and still limited ability to move it away from the reason, thanks mostly to New York's restrictions on pipelines.
Permalink Reply by Jeffrey Beunier on July 21, 2018 at 6:22am
Cracked in the northern Utica? I would be cautious as there are only around 22 wells in the NE/Central PA Utica play.

That's pretty sparse as far as wells and data go.

I would think that it will be more than a year as there needs to be many more times the number of existing wells drilled across this portion of the play before one can say that there's enough data to fully understand the components of the play. Even the SE Marcellus & OH Utica play is evolving, and we are thousands of wells and many years beyond where the Northern Utica play is today. The Mid-Con has thousands of vertical wells from which operators can pull data, and that play has evolved tremendously in the last 3 years and operators are still tweaking spacing, prop loads, and completion designs.


But everything is relative, to some that might be the definition of 'cracked', and to others, maybe not. to each their own
Permalink Reply by jason irvine on July 24, 2018 at 7:59am
I would like to thank everyone for their opinions.
Permalink Reply by Paul D Ettari on July 25, 2018 at 3:19am

Just curious whether anyone here has any knowledge of the Trenton Blackriver formation

Permalink Reply by Paul D Ettari on July 25, 2018 at 6:37am

thanks

I had a conversation awhile back with PA state geologist (before Marcellus became a play) and he raved about it's potential going on and on using technical terms that after 5 mins went way over my head and my eyes started to glaze over. I own minerals in southern Clearfield county and supposed the TBR fairway runs right thru it

Permalink Reply by jason irvine on July 25, 2018 at 7:06am
Were are the best area for trenton blackriver
Permalink Reply by Paul D Ettari on July 25, 2018 at 8:27am

I think I read somewhere that it was in the 12-15K deep are much shallower in NY and WV. I also remember a TBR well being drilled somewhere in vicinity of Elkins WV few yrs back that was a monster, could be mistaken but somehow that just sticks in my mind

Permalink Reply by Bullfrex on July 25, 2018 at 10:31am

We missed out on a TBR well drilled in NYS about 15 years ago. The location was North of the Elmira-Corning airport.....they drilled to the North from our land...we missed inclusion by less than a quarter mile....sigh. A friend of mine had one drilled on his property a few years prior to that, to the ENE of our property. Let's just say, he was smart and banked it all, as these wells have a LARGE IP with a relatively swift decline curve.

He has since retired, about 10 years early.

To my knowledge, the area that was developed ran from 40-50 miles south of the NY/PA border in NW PA to a point about 40-50 miles north of the NY/PA border, and seemed to have stopped there, near the Spencer-Van Etten area.....but I could be wrong about that. 

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