Showing posts with label marcellus shale formation. Show all posts
Showing posts with label marcellus shale formation. Show all posts

Thursday, November 10, 2011

Preston County, WV Marcellus Shale


November 10, 2011 - Gastar Exploration Ltd (GST) recently reported on their Preston County, WV acreage in the Marcellus Shale.

On our Marcellus East position in Preston County, West Virginia, we have drilled one horizontal well to test this acreage, which is 100% owned by Gastar. In August 2011, we completed the Hickory Ridge 2H horizontal Marcellus well, a 2,500-foot lateral completed with a 10-stage fracture stimulation, and we are currently flowing back completion fluids. First sales from the Hickory Ridge 2H are anticipated by year end. Our focus for the remainder of 2011 and through 2012 in the Marcellus East acquisition area is to perform a 3-D seismic survey over a portion of the acreage, with no additional wells currently planned during that time frame.

Wednesday, November 9, 2011

Marshall County, West Virginia - Marcellus Shale


November 9, 2011 - Gastar Exploration Ltd (GST) recently reported on their Marshall County, WV acreage in the Marcellus Shale.

In Marshall County, West Virginia, we currently have two drilling rigs working in our Marcellus West area. By year-end 2011, we expect to have nine horizontal Marcellus wells on sales and 10 horizontal Marcellus wells drilled and awaiting completion. All of our Marcellus Shale wells drilled in Marshall County are part of our joint venture with Atinum Partners Co, Ltd. (the "Atinum Joint Venture"). After all drilling and completion costs have been incurred, our working interest in these wells will range from 40% to 50%.

In mid-August 2011, we began producing the Wengerd 1H and 7H horizontal wells at an initial combined 30-day average gross sales rate of approximately 7.1 MMcf per day of natural gas, 176 barrels of condensate and 347 barrels of natural gas liquids (“NGLs”). On September 23, 2011, the pipeline operator shut in the pipeline due to weather-related damage to the natural gas and condensate gathering system. While the pipeline was being repaired, we installed tubing into the two Wengerd wells that would enable us to improve NGLs and condensate recovery and returned them to production on October 21, 2011. Initially, production was restricted due to excessively high line pressures following the pipeline repair, but this matter was recently resolved. The two wells’ most recent combined four day average gross sales rate is 8.1 MMcf per day of natural gas, 200 barrels of condensate per day and 490 barrels of NGLs per day.

Also in Marshall County, we have completed fracture stimulation operations on the Corley pad (four horizontal wells), with first sales anticipated in mid-November 2011. Currently, we are commencing fracture stimulation operations on the three-well Simms pad with first production anticipated mid-December 2011. As of September 30, 2011, drilling operations have been completed on the Hendrickson 1H, 2H and 4H wells, and we completed drilling operations on the Hendrickson 3H and 5H wells in late October 2011. Fracture stimulation operations on all five Hendrickson wells are anticipated to commence in March 2012, and first sales are anticipated in the second quarter of 2012. Currently, we have commenced drilling operations from the Hall pad (three wells) and the Burch Ridge pad (five wells), and we expect to commence drilling operations on the Accettolo pad (three wells) prior to year end.



Tuesday, December 16, 2008

Marcellus Shale: CNX Gas Record Well Results

CNX Gas has come out and reported their drilling update on the Marcellus Shale.

CNX Gas Corporation ( CXG), the leading E&P company in the Appalachian Basin, reported that its first horizontal Marcellus Shale well is now producing at a rate of 6.5 million cubic feet (MMcf) per day. This is a record daily production rate for any well in the company’s history and is believed to be among the highest reported by any Marcellus Shale producer. The well, located in Greene County, Pa., began flowing into the sales meter on October 2, with an initial production rate of 1.2 MMcf per day and 4,000 pounds of backpressure, as previously reported. The backpressure on the well had been gradually reduced since then, allowing daily production to increase to about 4 MMcf per day until Friday, when the installation of new surface equipment enabled the well to flow at the 6.5 MMcf per day rate, with pressure still being held at 2,640 pounds. Cumulative production from the well prior to last Friday was 106 MMcf.

Nicholas J. DeIuliis, president and chief executive officer, said, “This was a team effort from our engineers, operators, and support personnel, including the directional drillers from Scientific Drilling and the hydraulic fracturing team from BJ Services. I can’t speak highly enough of our Marcellus Shale team.

“To achieve this kind of success with our first horizontal Marcellus Shale well,” Mr. DeIuliis continued, “speaks volumes about the breadth of our horizontal drilling expertise. Many investors may not be aware, but CNX Gas had drilled 160 horizontal coalbed methane wells before drilling its first horizontal Marcellus Shale well.”

The well was drilled to a vertical depth of 8,140 feet in the Huntersville Chert, penetrating 83 vertical feet of Marcellus Shale. The well was logged then plugged back and a horizontal section of 3,395 feet was cut for a total measured depth of 10,738 feet. The well was completed with a five-stage slickwater fracture treatment using 3 million pounds of proppant.

Full Article

Tuesday, August 12, 2008

Marcellus Shale will take 5 years to Fully Develop

The Marcellus Shale, which is located in PA, WV, OH, and NY, will take as long as five years to fully develop. The Marcellus Shale has a lot of potential, but infrastructure issues, water problems will cause a slow down in drilling activity.

I believe the recent fall of natural gas prices was due to wall street thinking that all these shale plays such as the Marcellus Shale, Haynesville shale, and Fayetteville Shale will bring a huge supply of natural gas to the market. This is not really the case. As older wells decrease in production, these new wells replace existing supply. If natural gas prices keep falling, there will be less drilling causing supply to weaken instead of build. The price of natural gas will make the market as usual....if demand is strong, the price will rise bringing on more supply...and vice versa.

To learn more about the companies drilling at the Marcellus Shale, go to http://www.marcellusshales.com/marcellusshalecompanies.html