I think you are correct on that I know gas has dropped tremendously I guess we will have to wait til prices go back up so they can sell Thank you for the response
I see one being drilled in section 11-3N-11E Coal County. Is that one yours Farris?
I also see one in section 2-3N-11E being drilled. Both are being drilled by BP America. If they are yours the reason you dont see any info on them is because they are still in process. Untill they are fracktured they will not show as producing. Other wells in that township are gas only and are producing from 2 hundred thousand to 5.8 million cubic foot per day. The first number would not cover the cost of drilling the hole, but the second number is a very good gas well. Waiting is the worst. I had to wait for a year after the well was finnished before I found out what was goin on 
Francis, Also a negative considering Chesapeake’s financial and legal problems. Maybe Chenere should find another partner.
Francis, thank you so much for the information that’s more than we have gotten since they started drilling and yes that well is ours. We did’nt know what was going they finished drilling 3 wells and then moved the rig down the road to drill the other one. BP also has 5 more to drill but I don’t know with these low gas prices what going to happen but again Thank you Francis
Don, do I assume correctly that gas reinjection does not work in shale geology where oil and gas liquids are produced?
Just a general comment: These low gas prices at around $2 will preclude exploration companies from seeking out new gas provinces to explore. The amount of oil produced in the Woodford shale play keeps these type gas wells attractive to drill.
But, do not expect gas prices to “recover” any time soon. That recovery will come but it may be a couple of years or more away. The reason is the success of the drillers in extracting gas and oil out of the shale plays across the U. S. There is so much gas to be marketed that storage is becoming a problem. With the gas the drilling companies have “got to sell” so that they may produce the oil with the gas drives the gas price down to levels we see today.
Here is an extreme example of what I am talking about. Say a Woodford well was producing 500,000 cubic feet of gas a day and 500 barrels of oil a day. The cash from the oil delivers $50,000 a day and the gas at $2.00 per thousand delivers $1000 per day. The producing company can give the gas away and still have a very good cash flow from the well.
However, there is a problem. If all the gas pipelines are full and storage is full and there is no place to “sell” the 500,000 cubic feet of gas per day, the producer may have to shut in the well because there is not place to send the gas at any price, even 0 dollars. The producer cannot flare the gas onsite and burn it (see global warming) to be able to produce the 500 barrels of oil a day. In that case the well will be shuting waiting on plpeline space to produce the gas so that the oil may be produced along with it.
A good place to be for the energy needs of the county as a whole. Not so good news for mineral owners with gas and oil coming out of the same well and that well may be shut in because of the glut of natural gas on the market. Look for active companies in the Woodford shal play to begin announcing cutbacks in their drilling activity. This may have already begun. That reduced effort info will be found in the quartly reports filed by the companies in the Woodford shale play.
http://www.lexisnexis.com/community/emergingissues/blogs/oilgasande…
April 16th 2012 the US approved up to 2.2 billion cubic feet to be exported out of the states. Chenere (LNG) has an agreement with Chesapeake Energy to do just that. First sales would be 2015. I see this as positive and negative. Positive in that natural gas prices would rise and that means better royalties. Negative in that natural gas prices will rise and possibly shut down all the tech research toward converting US vehicles to run on natural gas. Could we be shooting ourselves in the foot for a quick over supply fix?
Yes but if CHK and LNG which are trading at 17.4 and 16.5 as of today manage to pull off this deal and become the first group to begin exporting liquified NG to say Japan who is currently buying liquid NG at 18.00 per thousand while everyone else is selling it for 2.25 per thousand… Might be the next google of the oil world. Wish I had bought 1000 shares of Google when it was traing for 16.00 a share.
or Apple at $15 before Steve Jobs came back, hindsight is 20/20!
I’m all for it Francis, even $5.00 NG looks good right now, would probably put wet gas around $7-8
That is canadian county
What do we look for when our wells have been fracked the rig has moved down the road leaving 3 capped wells with gauges not in operation section 2-3N-11E there are four wells total have’nt had a clue on what has been going on since they started going down Thursday any thing I should ask the rig mgr working on our last well.
It appears that in 22-14n-9w Marathon got a permit to drill on 5.3.2012. I don’t see any increased density or anything about 8 wells at this time.
Renbarger 1-22H.
Thanks Tim! He was happy to hear the news! It seems Marathon has been staking 8 wells in a section and drilling one, I’m sure it’s because with this wind farm coming in that they want to be able to say that they had their stake before them, I hear that once the wind turbines are up they will no longer be able to drill in that section due to wind blockage with the drilling rig.
David, Sec 27 (s. of 22) has Cimarex well Hansen 1-27H completed in 2010. They were just granted a location exception for another well, maybe more to come.
Hey Michael Hutchison I hate to keep asking you to look sections up but a buddy of mine has some Minerals in section 22-14n-9w there are 8 wells staked in the section to the south and he was wanting to know if they were going north or south or if there is anything going on in that section on the occ website. I owe you one!
After the well is drilled there is a 3-6 month wait until a frack crew shows up. If the fracking goes well, there will be a production report shortly after. After the production report they have 6 months to get your first check to you. If the rig is still on your land, you are looking at another year or more before you get a check. That is if everything goes well.
Thank you Francis this is exactly the information we have been trying to find out. This is good news because the rig mgr. told us that these were going to be good wells according to the wells that have already been drilled in that area. Thanks again Farris
Farris, I see 4 recient wells producing gas only in your township and range. They are producing: .2 MMcf, 1 MMcf, 3.7 MMcf and 5.8 MMcf per day. The higher numbers are on the east central side of the township, and the lower numbers are on the south and west side. Yours is north east. Looks like you could have some good wells. Its a crap shoot! You never know where the dice (gas pockets) land.
Michael! Sounds like you’ve got an awesome well down there! It seems around here it’s hit and miss some stay fairly strong but some drop off around 40% within 6 months. I have read that Devon chokes back their wells because they think they can get a better EUR if they slow down the production. Marathon drilled one on my dads place in 2-14n-9w and it wasn’t ever that good in fact recently they had to buy gas from the pipeline to compress down the well to get enough pressure for it to produce anything. I hear when they drilled it they think they went up and down with the bit so there are valleys in the well bore ans so all these valleys are full of water and so it’s hard to get enough pressure to push all the water out of these valleys. I don’t know if this is the real reason or not but it was just never a good well.