This cotton valley IP looks great.  It's a shame to have this kind of success at a time when prices are so low. serial #243493

01/03/2012 10 14475 COMPLETED 10-2-11; GAS; CV RA; 14,334 MCFD; 48/64 CHOKE; 2000 BWD; 1900# CP; PERFS 10,845-14,409' MD
08/15/2011 09 14475 TD 8-11-11; REAMING
08/08/2011 05 12278 SET 7" TO 10,634' W/ 1035 SX; DRILLING; BOP TEST 8-5-11
08/01/2011 05 10585 DRILLING CURVE; BOP TEST 7-28-11
07/25/2011 05 9470 DRILLING; BOP TEST 7-15-11
07/18/2011 05 5500 SPUD 7-13-11; SET 9 5/8 TO 1893' W/ 861 SX; DRILLING
07/05/2011 01 14600 178' FSL & 55' FWL OF SEC 24. PBHL: 330' FNL & 330' FWL OF SEC 24.

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Where is the well. Sorry, I live in east Texas

T15n R15w sec 24 in south Caddo parish

The well is also producing about 90 barrels of condensate per day. In addition,  Duke Conoco Phillips is building a 16 ' line to transport Indigo's gas to the DCP plant in Carthage to strip out additional NGL's which are quite valuable and will make Indigo's economics just that much more favorable.

Indigo must not think so, they just dropped down to one rig.

Baron, in this particular case, I think my eyes are more accurate that your "facts".  This very minute Indigo has a rig drilling in 15/15, Section 34 and a rig drilling in 15/15, Section 33.  Both rigs are on the Preston Road in Southwest Caddo.  Why don't you drive down and take a look for yourself.

Indigo apparently has decided not to complete any wells in the SW Caddo area until Duke Conoco Phillips completes their 16" line to their DCP plant near Carthage, because of  the increased value of the liquids and Chesapeake can be diifficult to deal with at times, as we all know.  There will be a number of wells waiting to be frac'ed when the pipeline is completed.

Indigo is also working on pads off Williams Road in southwest Caddo

 

As well as Booker RD, and Keithville -Keatchie Rd.

What is 90 barrels of condensate worth at today's prices?

 $119 barrel last month for some November production.

That $119/bbl sounds like a high density crude oil price.  Correct me if I'm mistaken, anybody, but I think the wet liquid produced by natural gas wells is usually low density natural-gas condensate.  The price for this would be less than oil prices.  Yes, no, maybe?  Are condensate daily prices posted on the web somewhere?

http://en.wikipedia.org/wiki/Natural_gas_condensate

 

 

My check stub says CND and lists # of barrels.  I'm guessing that is short for condensate.  

WOW this is a lot better than some of the HA wells AND the liquids are the lagniappe

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