Quote from: macal on August 09, 2018, 07:53:15 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??
(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.
Didn't have a stem education, I suppose. Failed logic, too.
Here is a little math test for you fing wizards. 7000" puts out 20bcf 14,000 puts out 40 bcf Drillers like to run the daily at 10 million per day. Say you own 10 percent of your unit but 5 percent of the 2 units combined. If you don't like it. Don't sign the papers. And if the well doesnt go directly under your property Chesapeake would probably donut hole you. They like like to screw people.
Simply shows that the royalty owner would still get paid on the same amount of gas produced. It would just be spread out over a longer time frame. Which suits me just fine.
I would think that they could get better frac pressure into the heel side of the lateral than the toe side. Pretty sure the engineers have done testing and determined that the economics are worth it. Cabot had mentioned something about having to frac the toe end of a long lateral with their Gen 4 program and then using their Gen 5 program on the rest of it. They said they had pressure issues. Also they are using way more compressors than they have in the past on the shorter laterals.
So Ken do you have anything informative or interesting to add? You seem quite bitter. You Okay?
Why you so worried about me. Duffy knows mucho about this business. Im done with the politic thing here. You won that war.