Three notable wells completed by Chesapeake in the Haynesville during the 2009 second quarter are as follows:
The CLD 23 H-1 in Caddo Parish, LA commenced production on June 22, 2009 and achieved a peak rate of 29.1 mmcfe per day and a pipeline-constrained first 30-day average rate of 15.3 mmcfe per day.
The Frith 29 H-1 in De Soto Parish, LA commenced production on June 27, 2009 and achieved a pipeline-constrained peak rate of 23.7 mmcfe per day and a pipeline-constrained first 30-day average rate of 14.2 mmcfe per day.
The Chesapeake Royalty LLC 30 H-1 in De Soto Parish, LA commenced production on June 27, 2009 and achieved a pipeline-constrained peak rate of 22.6 mmcfe per day and a pipeline-constrained first 30-day average rate of 15.2 mmcfe per day.
Thanks so much for that info....it's someone else I've tried to study to death with little results. I had figured maybe 4 to 12 in total so that 8 makes sense. Thanks again.
You're welcome, Logan. All of us who receive, or hope to receive, royalty income should understand the nature of that income so that we can plan accordingly.
I think I finally figured out to how to load this file. In any event, this is the decline curve graph that was included in the Chesapeake press release today.
JNP. I first year decline for the Barnett that I use is 56%. Which is probably in the ball park for Marcellus Shale wells in Pennsylvania. This calculator would probably over state HS royalty by ~50%.