Utica well rumored to produce 15 million cubic ft a day

There is an article out today that mentions what I believe to be about buell well in harrison county.

 

"Take the example of what may be the most productive well in Ohio history. State Sen. Jimmy Stewart, R-Albany, said he heard a rural Harrison County well was pumping 15 million cubic feet of gas daily.

A spokeswoman for Chesapeake Energy, the Oklahoma-based owner, said the well in question is still being evaluated, and he couldn't confirm the numbers."

 

The link to article is http://www.thenews-messenger.com/article/20110423/NEWS01/104230305/...

 

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0jw0dsu4txfuvPermalink Reply by 0jw0dsu4txfuv on April 25, 2011 at 2:28pm
Hunter it's way to early in the play to assume anything
Permalink Reply by Jimmy T on May 9, 2011 at 4:29pm
Homer - It's too late if you are just learning about it now!  Chesapeake knew about Ohio a year ago when they started to send landman in there to lease up acres.  The next area to watch is Elk County in PA. ;)
Permalink Reply by Brian on May 9, 2011 at 11:03pm
What is to happen in Elk County??
0jw0dsu4txfuvPermalink Reply by 0jw0dsu4txfuv on May 9, 2011 at 11:50pm

They know it is there. It will take many wells to figure out how it runs.

Permalink Reply by Daniel Rupert on May 10, 2011 at 7:19am

ELK COUNTY IS THE NEXT HOT SPOT...ACTIVITY IS INCREASING...THE NEW WELLS WILL BE PROVEN...WE ARE ORGANIZING AND HAVE A LANDOWNER'S GROUP IN PLACE...ELK COUNTY KEYSTONER'S LANDOWNERS GROUP...JOIN NOW! CONTACT DANIEL J. RUPERT ...DANIELRUPERT@ROCKETMAIL.COM   DO NOT LET ANY LANDMAN TALK YOU INTO  LOWER DOLLARS...OUR EDUCATION, PATIENCE AND UNITY WILL HELP US ALL REALIZE MORE VALUE FOR OUR VALUE COMMODITY! IHAD A LANDMAN TELL ME OFFERS WERE STARTING TO GO DOWN JUST TWO WEEKS AGO...I KNOW WHAT IS HAPPENING IN ELK COUNTY...IT IS ALL GOOD!!!

 

 

Permalink Reply by Jimmy T on May 10, 2011 at 7:33am

 

What does one have to do to join?  Why would I not use a O&G consultant to obtain a better deal for my property?  Landowner groups are expensive from what I have read.

Permalink Reply by Daniel Rupert on May 10, 2011 at 7:47am
NOT THIS ONE...NO COST...I'AM DOING THIS FOR ALL THE RIGHT REASONS...I HAVE THREE YEARS TIME INVESTED IN THIS PLAY AND GET SICK AND TIRED OF LIES IN THE NAME OF MONEY! I WOULD FOLLOW YOUR HEART AFTER YOU TALK TO ME...NOTHING TO LOSE!
Permalink Reply by Quincy Spitzer on May 10, 2011 at 8:18am

What About Southern Tier NY? Allegany/Steuben/ Couties?  From what i Am Seeing And Hearing The UTICA In Those Areas Is The "wet" Utica Play And It Will Be The Next HotSpot For Oil! Oil was already prodced in great volume in Southern Allegany County NY 60 years ago

Permalink Reply by Daniel Rupert on May 10, 2011 at 7:39am

JIMMY...PLEASE CALL ME @312-659-4481...THANK YOU IN ADVANCE!

 

Permalink Reply by Finnbear on April 25, 2011 at 3:39pm

Doing the math at $4.00/mcf gas and $15,000,000 cu.ft.

15,000,000 cu ft is 15,000mcf x$4.00/mcf = $60,000/day x 365 days/year = $21,900,000/ year

Assuming a 15% landowner royalty, that is $3,285,000/year or $273,750 per month. I wonder how big this drilling unit is? If it has a 9500' lateral, I suspect it is more than 640 acres. If it were 1000 acres, it would be $273.75 per acre per month for the landowners in this drilling unit. Does anyone know how many acres in this drilling unit?

Finnbear

Permalink Reply by Finnbear on April 25, 2011 at 3:53pm

I did that - based on a 1000 acre drilling unit and it works out to $273.75 per acre per month. If it were a smaller drilling unit, this figure would be higher.

 

0jw0dsu4txfuvPermalink Reply by 0jw0dsu4txfuv on April 25, 2011 at 11:38pm
The 95oo' lateral was one well in PA. Not a typical well.

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