Replies to This Discussion

Permalink Reply by John on July 12, 2009 at 6:21

Thanks a lot for the info re Harvey #1. Glad to have this source of info to keep track of things, and to help understand.

Permalink Reply by MARG on July 16, 2009 at 15:22

My guess is that they have not completed fracing and testing the well; it will have to be put on the pipeline, fraced and tested by ones who have expertise in this. Also, these wells are new and expensive so they may take longer after the crew becomes available. J. A

Permalink Reply by adubu on July 23, 2009 at 14:21

CHK is very expertise in completion of H shale wells

Permalink Reply by lajeany on July 23, 2009 at 2:57

The weekend of the 11th there was back to back trucks bringing equipment back to the well. It was like watching a parade. There has been a lot of traffic ever since. The rumor is: that it tested a potential huge volume output.

Permalink Reply by adubu on July 23, 2009 at 14:20

lajeany --they must have completed frac then please talk to any one you can around area or workers to see if you can get infomation on IP

Permalink Reply by HS on August 12, 2009 at 21:40

adubu
i went out to the harvey well yesterday to look around , heard there was a guard there but
found none, they have definitely fracked the well. it is currently on test . there was a pumper there
didnt get to talk with him. the pipeline out of there was sizzling pretty good . also found read out
on pipeline , but no luck getting into it . alot of wild reports around center on this well, guess
maybe something will be reported soon

Permalink Reply by GoRicky on August 19, 2009 at 15:46

Way to go. With these LOW nat'l gas prices, we need HIGH production. Any on-the-ground info is better than no info. I'll help w/ info when I can

Permalink Reply by Adam on August 20, 2009 at 1:47

GoRicky,

I am curious to hear your elaboration on how high production will help low prices. I feel that the oposite is true, but everyone has their own theories. Just curious to hear what yours is.

Thanks

Adam

Permalink Reply by king john on August 20, 2009 at 2:04

adam i know the question is not addressed to me, but let me take a stab at it anyway. keeping production levels up does nothing to improve prices but it does however help keep the cash flowing. i recently saw where xto had done this very thing. high volume= cash flow. i had wondered to myself a while back if there were some unspoken agreements between operators to curtail production in an attempt to improve prices. i believe there must not be such an agreement. it's a dog eat dog world between operators and only the strong will survive. just like in the real world.
i am hoping a big hurricane will do a horseshoe thru the gulf, missing all land fall, but taking alot of production away in the short term. that's probably our best bet to getting better market conditions in the near future.
kj

Permalink Reply by Les Bamburg on August 20, 2009 at 2:34

KJ, such agreements are unlawful. Each company would need to independently develop their curtailment strategy.

Recently, Chesapeake indicated they would no longer "take one on the chin for the team". ie They will not curtail production to improve prices while other operators continue to flow un-curtailled and take advantage of the higher price. So, it is each man (company) for himself.

Permalink Reply by king john on August 20, 2009 at 2:50

what higher price, do you mean the hedge? i read you in the other discussion, and that was a bleak forecast my friend. do you really think N/G will hit sub $2 ??? i like the term you used (uncharted) ...
kj

Permalink Reply by Adam on August 20, 2009 at 5:34

OK...I was just reading his statement wrong.

I agree that it is dog eat dog and you have to take what you can while you can.

Hurricane or very cold winter. or both?

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