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Permalink Reply by Jay Rossi on August 8, 2017 at 10:57

Appreciate the input. I saw it has been placed in shut-in status per sonris. I was surprised they drilled a well in this area because the first one that Chesapeake drilled was not a good one.

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Permalink Reply by Skip Peel - Mineral Consultant on August 9, 2017 at 2:47

There are two YBLD 9&16-11-14 wells.  The first is drilled and waiting on completion.  Indigo and other operators have been using Code 31 for wells that are Waiting On Completion (WOC).  Since there is a #2 well, it will be drilled and then both wells will be completed together in the same operation.  It has become somewhat unusual for an operating company to drill a single HA well.  The norm is now two, or more.  It's a cost savings.  Here is the status on the #1 well.  It has repairs to be made but the state has already granted approval for the frac.  The "N" denotes that the work has not yet been performed.

WORK PERMITS

	APPLICATION DATE	EXPIRATION DATE	WORK PERMIT TYPE	WORK PERMIT STATUS	WORK PERMIT STATUS_DATE		WORK_PERFORMED			WORK DESCRIPTION
	06/21/2017	06/16/2018	HYDRAULIC FRACTURE STIMULATION	APPROVED	06/21/2017		N			PERF & FRAC 11731-21220'
	07/07/2017	06/23/2018	REPAIR (EXCEPT ORDINARY MAINTENENCE OPS)	APPROVED	07/07/2017		N			REPAIR

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Permalink Reply by Jay Rossi on August 9, 2017 at 4:40

really appreciate the explanation.

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Permalink Reply by Skip Peel - Mineral Consultant on August 9, 2017 at 4:41

You're welcome.

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Permalink Reply by Greg Whitson on August 12, 2017 at 4:45

Jay Rossi, I have sent you a friend request as I also have a mineral interest in this well and would like to discuss it with you.

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