By Andrea: http://oilshalegas.com
EQT Corporation (EQT) recently reported and update on the Marcellus Shale in Greene County and Armstrong County, PA:
In Greene County, PA, EQT Corporation (EQT) reported an average 30-day production rate of 22 MMcfe per day from the Cooper 590384 well. The well has a total lateral length of 9,000 feet, with 8,411 feet of stimulated pay, and was completed using a 28-stage frac. The direct well cost was approximately $7.1 million, with a preliminary estimated ultimate recovery of 18 Bcf. As noted on EQT's most recent conference call, this well was in process of being completed in late July.
EQT also announced today, the successful results of the Rosborough 590259 well in Armstrong County, PA. This well reported a 24-hour IP of 15 MMcfe from 4,060 feet of stimulated pay.
"These exceptional wells are the direct result of our culture of innovation at EQT," commented Steven Schlotterbeck, President, EQT Exploration & Production. "The success of the Greene County extended lateral well is an important step in our effort to decrease the development cost per Mcfe. In addition to extending the lateral, we are experimenting with closer spacing intervals than our current 1,000 foot lateral spacing design in Greene County.
"The results in Armstrong County, where EQT holds nearly 34,000 acres, are especially encouraging as this well employed a new completion design resulting in initial flow rates significantly better than nearby wells completed conventionally. The success of these two experimental wells is a testament to the quality of our acreage position and to the outstanding capabilities of the technical and operating teams at EQT," said Schlotterbeck.
EQT holds a 100% working interest and an 87.5% net revenue interest in both wells.
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Showing posts with label eqt. Show all posts
Showing posts with label eqt. Show all posts
Sunday, October 10, 2010
Friday, January 30, 2009
Recycling Frac Water - Marcellus Shale PA
As you know, Pennsylvania has really cracked down on companies who are drilling in the Marcellus Shale as they do not want to contaminate the environment from the result of bad drilling practices.
One company, Equitable Resources ( EQT ), is starting a project to recycle frac water located in the Marcellus Shale. Equitable hopes to have this project done by the third quarter of 2009.
What is frac water? There are many different way to drill a natural gas shale well. The most common way it to blast a fresh water/sand combination at the shale it self in order to fracture it. Once this process is completed, the water becomes contaminated. It must be pumped back out and stored. To prevent a potential water shortage, Equitable is trying to recycle the water so it can be used over again.
( From Seeking Alpha ) - And then the last question is with the change in the administration and Congress, we are hearing some noise about on the environmental issues, water, and even possible making some noise about regulating fracture stimulation. Any thoughts on that?
Unidentified Company Representative
Well, yes, I’ll save the obvious ones, but what we are going to do, and I mentioned this a few times on the road recently, is we are in the process of building a recycling plant for Marcellus, water handling, we hope it will be up in the third quarter, or maybe a little earlier during this year. We are going to try to recycle that water.
Now that doesn’t address, which is the one concern that some people have that we are hurting the aquifer with salt water from the cracks. I hope adults will finally come to the conclusion that we've been doing that for 70 years now, and haven't damaged any aquifer, but forget about all that, we are trying to recycle as much of that frac water as we possibly can.
And, you know, drill more wells from the same pad so that you can reuse the water. We are going to do pan drilling, it is going to help in the Marcellus, recycling is going to help in the Marcellus, but we are focusing more of our attention on the disposal of the water, rather than the acquisition of the water.
For my latest updates, visit http://blackberrystocks.blogspot.com/ or Subscribe for Free
One company, Equitable Resources ( EQT ), is starting a project to recycle frac water located in the Marcellus Shale. Equitable hopes to have this project done by the third quarter of 2009.
What is frac water? There are many different way to drill a natural gas shale well. The most common way it to blast a fresh water/sand combination at the shale it self in order to fracture it. Once this process is completed, the water becomes contaminated. It must be pumped back out and stored. To prevent a potential water shortage, Equitable is trying to recycle the water so it can be used over again.
( From Seeking Alpha ) - And then the last question is with the change in the administration and Congress, we are hearing some noise about on the environmental issues, water, and even possible making some noise about regulating fracture stimulation. Any thoughts on that?
Unidentified Company Representative
Well, yes, I’ll save the obvious ones, but what we are going to do, and I mentioned this a few times on the road recently, is we are in the process of building a recycling plant for Marcellus, water handling, we hope it will be up in the third quarter, or maybe a little earlier during this year. We are going to try to recycle that water.
Now that doesn’t address, which is the one concern that some people have that we are hurting the aquifer with salt water from the cracks. I hope adults will finally come to the conclusion that we've been doing that for 70 years now, and haven't damaged any aquifer, but forget about all that, we are trying to recycle as much of that frac water as we possibly can.
And, you know, drill more wells from the same pad so that you can reuse the water. We are going to do pan drilling, it is going to help in the Marcellus, recycling is going to help in the Marcellus, but we are focusing more of our attention on the disposal of the water, rather than the acquisition of the water.
For my latest updates, visit http://blackberrystocks.blogspot.com/ or Subscribe for Free
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