Quote:
Originally Posted by Devo
Disagree, we have seismic testing going on for Marcellus and Utica now on our property, about 33 acres, so, if they drill, we gonna get some monies.
Further, a driller told me they are finding far more oil than they expected in the Utica layers, as well as higher amounts of good gases, butane, etc.
Now that President Senility is gone, the game is back on.  |
Well I hope for your sake that they find some hidden loot in them thar holes! nothing wrong with making money on what's down hole.
I had worked previously for a LARGE gas producer here and Utica wells are indeed very productive, due to the higher pressures and volumes.
Nothing wrong with drilling- ITS just really expensive.
Especially the Utica shale play.
THe amount of water and mud down hole along with the pressures is almost insane. 8-12k PSI, which will shut in local shallow wells, and some marcellus shale wells; That means throttling in pressures or building compressor stations. Not that big a deal if there something there. Believe it or not- the petroleum engineers locally not only know what area's have the best well sites, but they have them mapped out, and it's just a matter of not crossing into other wells to disrupt flow or the like.
Good luck Mr. Clampett.
