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Chesapeake Rigs

  • 93 Replies
  • 1184 Views
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macal

  • 9564
Chesapeake Rigs
« on: August 03, 2018, 08:07:29 AM »
 
  Curious where the Chesapeake rigs are. Mostly down by Meshoppen?

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duffy

  • 2873
Re: Chesapeake Rigs
« Reply #1 on: August 03, 2018, 09:16:26 AM »
Lionetti

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macal

  • 9564
Re: Chesapeake Rigs
« Reply #2 on: August 03, 2018, 10:31:54 AM »

  They gonna drill the multi unit 2.5 milers over there? They mentioned a 14,000 footer in their last report.

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ghrit

  • 3394
  • Member since October 05, 2008
Re: Chesapeake Rigs
« Reply #3 on: August 03, 2018, 11:55:11 AM »

  They gonna drill the multi unit 2.5 milers over there? They mentioned a 14,000 footer in their last report.
Try barking up a different tree.  Most of our crystal balls are murky.
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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macal

  • 9564
Re: Chesapeake Rigs
« Reply #4 on: August 03, 2018, 12:24:03 PM »

  We know you don't know shit so why do you even care.

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ghrit

  • 3394
  • Member since October 05, 2008
Re: Chesapeake Rigs
« Reply #5 on: August 03, 2018, 03:24:27 PM »

  We know you don't know shit so why do you even care.
I don't care, but that beggars the question.  Why do you not do the research and investigations rather than plaguing the rest of us?
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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duffy

  • 2873
Re: Chesapeake Rigs
« Reply #6 on: August 03, 2018, 05:25:10 PM »
I would answer but don't need the bs

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GONRA

  • 263
Re: Chesapeake Rigs
« Reply #7 on: August 03, 2018, 05:30:35 PM »
Speakin' for myself - GONRA is SICK of  these petite disputes.

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riverrat

  • 1684
Re: Chesapeake Rigs
« Reply #8 on: August 03, 2018, 05:43:15 PM »
and who's in the center of all of them

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macal

  • 9564
Re: Chesapeake Rigs
« Reply #9 on: August 03, 2018, 07:28:13 PM »
  14,000 footers in Northeast PA are news. Longer laterals are what all the drillers want. Its just way more cost efficient. The only way to do it is to drill through 2 units in most cases.
 Our Cabot unit is now included in a 14,000 and a 12.000 foot lateral. First they asked for permission to accept the terms of their multi unit wells. I readily accepted. Then they sent detailed maps of their plans showing the laterals in the different units. The wells have been completed. Just waiting to see the results on the royalties.
« Last Edit: August 04, 2018, 08:30:40 AM by macal »

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macal

  • 9564
Re: Chesapeake Rigs
« Reply #10 on: August 06, 2018, 07:34:43 AM »
  I like reading these investor reports. Most touted the longer laterals. Chesapeake also reported they had good success in the upper Marcellus with one well coming in at 29 million per day. That bodes well for folks in the NE Marcellus.
« Last Edit: August 06, 2018, 08:18:33 AM by macal »

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Dogbone

  • 1523
Re: Chesapeake Rigs
« Reply #11 on: August 07, 2018, 07:48:56 PM »
It only stands to reason longer laterals through multiple units are going to produce more gas.  Chesapeake IS getting set to drill multi-unit laterals in the nw corner of Wyoming county  after finally getting the signed consent forms required. 

I don't think there will be any windfall royalties from this situation for the property owners.  The royalties will be divided among more landowners, so basically royalties received will be a wash.  Unless a person was in a lower producing unit and then combined in a higher producing unit.  Then too, the people in the higher producing unit would share more gas with the lower producing unit and be on the losing side just a bit.  It''s the oil & gas companies that will really benefit. 

Just my thinking.  I don't pretend to be a self proclaimed expert.

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Wax

  • 6346
Re: Chesapeake Rigs
« Reply #12 on: August 07, 2018, 10:33:26 PM »
Dogbone, what you wrote, seems like a accurate assessment. Long term it should benefit the environment. Less surface disruption.

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macal

  • 9564
Re: Chesapeake Rigs
« Reply #13 on: August 09, 2018, 07:53:15 PM »

  Hopefully a 14,000 footer will produce the same quantity as 2 7000 footers. Who knows. The way I look at it is that the royalties be smaller every month but will come in over a lot longer period of time.

Re: Chesapeake Rigs
« Reply #14 on: August 09, 2018, 09:32:07 PM »
(1)  Hopefully a 14,000 footer will produce the same quantity as 2 7000 footers.

Who knows.

(2) The way I look at it is that the royalties be smaller every month but will come in over a lot longer period of time.
Really??   ::)