I was looking at Sonris and noticed most of GEP's wells are shut in, but at same time they are building new pad sites. Two new pad sites go into Scout Ranch near Kickapoo off Hwy 171. I would assume they are shut in due to low prices but perhaps they are waiting on fracking all at one time. Anyone have any info
Wells can be shut in when there is a nearby well being fracked. The frack tends to migrate to areas of lower pressure (wells that are partially depleted) and so next door wells are shut in. With gas prices at this level, I can see operators choking the wells back just to maintain leases. Especially in an area like Holly that has so many alternate unit wells—why produce all of them right now when just one holds the section. Just my two cents.