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Permalink Reply by Spring Branch,mineral owner on May 18, 2009 at 3:12

I believe they are very happy with their Bethany-Longstreet results. Not so much with their East Texas results.

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Permalink Reply by The_Baron on May 18, 2009 at 4:08

In other words, the wells they have drilled are not as good, but the ones that CHK has drilled that they participated in are very good. Makes you wonder about which operator you would rather have.

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Permalink Reply by Les Bamburg on May 18, 2009 at 4:16

Baron, I would say their well in East Texas is comparable to results by other operators.

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Permalink Reply by Catfish on May 18, 2009 at 4:50

Jay, I noticed the pressure is way down, does this indicate the amount of gas in place?

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Permalink Reply by Les Bamburg on May 18, 2009 at 5:29

Catfish, that is the flowing pressure (surface) rather than the shut-in bottomhole pressure that is used in calculating original gas in place.

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Permalink Reply by Catfish on May 18, 2009 at 5:51

Would the flowing pressure relate to the bottom hole pressure?

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Permalink Reply by w.r. frank on May 18, 2009 at 6:06

This is comparable to PVA, GMXR, DVN results in East TX horizontals of late--most in the 6-8 mmcfd range. DVN hinted at a better decline curve in it's most recent well (as did PVA many months ago) and DVN said 6-8 bcfe EUR, which is comparable to CHK and HK current estimates "across the whole play" of 6.5-7.5 bcfe. Others are now moving to 8-10 bcfe EUR in sweet spot.

You should check out decline curve in latest XCO presentation for it's four Desoto wells.

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