*Trident Exploration (Canada) walks away from 4,700 wells, cites ‘treacherous environment’ for investors
Trident said that its liquidity has been exhausted by the combination of extremely low natural gas prices and high surface lease and property tax payments (totaling C$0.72/GJ).
I have been following this thread and finally registered with my own log in. The interesting thing thing is the Williams #1 well seems to be off line in section 24. I am sure it is due to the drilling going on.
The Cash 2 35 26 23 07n06w was recently changed to include about 4% in sec 35 Cash 3 & 4 have been drilled and should be fracked by now and waiting on completion.
The Woodford wells will be called Green 2, 3, and 4 and will probably be drilled from sec 26 07n 06w The Green 1 was drilled in 2016 or 2017 and is the well that had the big fracking fire…production has never been any good.
I have been watching for the permits to be issued on Green since the first of the year…Been watching for the completion notice on the Cash 2,3,and 4 also…26 has the Cash 1 Springer well and 23 has the Sawyer 1 Springer each single sec wells with 3 to 4 years of production…
green 1 is on 26 and 23 assuming the other woodford will be also…or might start in sec 35 like the cash 2…they recently added perforations in sec 35 for about 4% of cash 2…48% sec 26 and 48% sec 23
Martha, this seems to be happening to us with the Robinson wells in 15-7-6. We are in Sec 10 and the older Robinson 2 well had been paying very well since it started production May 2017, then as the #3, 4, and 5R started producing in Oct-Nov 2018, our royalty payments on the #2 dropped precipitously to 10% of previous amounts. I figured that was par for the course, but just got our check info for March production and it has only recovered to maybe 15%. I can’t complain with three new wells, but is there still hope that the #2 will recover at least to some extent? (Quote=Jackie Apr 27)
This article says “parent” wells will ultimately decline by 10% to 12%, not 85% like the Robinson.
Has the April and May production from the “parent” Robinson improved on that 15%?
Thanks in advance, Jackie.
Child wells also frequently cannibalize parent wells as they compete for the same resources and deplete the pressure of reservoirs more quickly. A 2018 study by Rystad Energy AS, an energy consulting firm, found that parent wells in the Permian basin will produce 10% to 12% less oil and gas on average when a child well is drilled nearby.
They probably shut the Robinson 2 in while they frac’d the other ones. Sometimes they recover quickly, sometimes slowly and sometimes they don’t. Geologists and engineers focus on the performance of the whole reservoir, not just one well, so hopefully, the child wells will make up most of the difference over time.
