Range Resources Press Release, North Louisiana Excerpt, Aug. 1

Range Announces Second Quarter 2017 Financial Results

FORT WORTH, Texas, Aug. 01, 2017 (GLOBE NEWSWIRE)

 

North Louisiana Division

Production for the division in the second quarter of 2017 averaged 416 net Mmcfe per day, an increase of 5% from the previous quarter.  Late in the second quarter, the division brought on line six wells, consisting of three Upper Red wells and three Lower Red wells.

The division continues to focus on Terryville while methodically testing and delineating other areas.  Significant progress has been made in lowering the cost to drill and complete a typical 7,500 foot lateral well in Terryville, currently at $7.4 million.  As previously discussed, production from the wells brought to sales in early 2017 were below expectations.  These included wells that were drilled prior to the acquisition, but not completed.  In addition, Range experimented with changes to completion designs and more specifically, fluid intensity, in an attempt to mitigate the impact to offset wells.  These wells on average were stimulated with approximately 40% less fluid per foot compared to typical Terryville completions, while utilizing the same proppant per foot.  The initial production response in the wells has been below expectations by a similar percentage, with a flatter decline profile, suggesting the wells were under-stimulated.  Going forward, Range is planning to return to the larger fluid designs. 

In the expansion areas, the two wells previously announced (one to the east and one to the west of Vernon field), continue to perform well.  Gas in place estimates for the area are 400 Bcf per square mile and plans are underway to offset each of these expansion wells with another horizontal well.  The offset wells are expected to spud in the third quarter with results near year-end.  In addition, the Company plans to drill two vertical wells in the area to better determine reservoir properties and identify the optimal target of the six potential intervals.

Link to full press release:

 

http://ir.rangeresources.com/phoenix.zhtml?c=101196&p=irol-news...

Views: 1507

▶ Reply to This

Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on August 19, 2017 at 2:42

Both the Weyerhaeuser and Cone wells received state approval for completion operations (frac) on 8/7.  When those operations begin, it will be impossible to miss.  It's 24 hours a day for consecutive days and plenty of truck traffic.  Good luck to those mineral owners under the two wells.

Permalink Reply by Colleen on August 24, 2017 at 14:34
Thank you.
Permalink Reply by john goodday on August 25, 2017 at 0:49

Has there been any production test data released fro the Weyerhaeuser #1 well located in 15-16-1?  The well was completed last fall and to date - nothing has been reported.

Permalink Reply by Skip Peel - Mineral Consultant on August 25, 2017 at 2:20

john, where did you hear that the well was completed last fall?  The well reached Total Depth (drilled) on July 19 and received a work permit approval for completion operations on August 7.  As of the last state report, the work had not been done.  Also note the short lateral length to be fracked.  This is a test well.

07/19/2017

05

14420

TD 7/9/17; SET 5" TO 14218' W/ 420 SX

 

WORK PERMITS

REFERENCE NUMBER

APPLICATION DATE

EXPIRATION DATE

WORK PERMIT TYPE

WORK PERMIT STATUS

WORK PERMIT STATUS_DATE

TOTAL DEPTH

WORK_PERFORMED

 

 

WORK DESCRIPTION

835-17-3-14

08/07/2017

08/04/2018

HYDRAULIC FRACTURE STIMULATION

APPROVED

08/07/2017

15630

           N

 

 

PERF & FRAC 12035-13982'
Permalink Reply by john goodday on August 25, 2017 at 10:09

WELLS

SERIAL WELL NAME WELL NUM ORG ID FIELD PARISH PROD TYPE SEC TWN RGE EFFECTIVE DATE API NUM
249569 WEYERHAEUSER CO 15-10 H 001 R3800 9203 25 00 015 16N 01W 01/01/2017 17049208260000
PRMT DATE SPUD DATE STAT DATE ST CD
04/14/2016 06/05/2016 07/14/2016 31

WELL SURFACE COORDINATES

Surface Longitude Surface Latitude Lambert X Lambert Y Ground Elevation Zone Datum
92-27-17.579 32-22-21.154 2013930 620520 236.8 N NAD-27

WELL SURFACE COORDINATES GENERATED BY DNR

UTMX 83 UTMY 83 LONGITUDE 83 LATITUDE 83
551266.69607999 3581877.85865158 -92.45502637 32.37269476

BOTTOM HOLE COORD

EFFECTIVE DATE END DATE PLUGBACK TOTAL DEPTH TRUE VERTICAL DEPTH MEASURED DEPTH LAT DEG LAT MIN LAT SEC LONG DEG LONG MIN LONG SEC COORDINATE SOURCE LAMBERT X LAMBERT Y ZONE COORDINATE SYSTEM
07/14/2016 14297 14324 32 22 18.682 92 27 20.557 02 2013674 620270 N 01
10/04/2016 14297 17632 32 23 24.769 92 27 23.998 04 2013377 626948 N 01
07/20/2016 14297 14324 32 23 24.769 92 27 23.998 04 2013377 626948 N 01
04/14/2016 15200 15217 32 22 18.682 92 27 20.557 02 2013674 620270 N 01

WELL HISTORY

SERIAL WELL NAME WELL NUM ORG ID FIELD ST CD PT WELL CLASS EFF DATE END DATE STAT DATE
249569 WEYERHAEUSER CO 15-10 H 001 R3800 9203 31 00 01/01/2017 07/14/2016
249569 WEYERHAEUSER CO 15-10 H 001 M980 9203 31 00 07/20/2016 12/31/2016 07/14/2016
249569 WEYERHAEUSER CO 15 001 M980 9203 31 00 07/14/2016 07/19/2016 07/14/2016
249569 WEYERHAEUSER CO 15 001 M980 9203 01 00 04/14/2016 07/13/2016 04/14/2016

SCOUT INFO

REPORT DATE WELL STATUS MEASURED DEPTH TRUE VERT DEPTH DETAIL
10/19/2016 05 17632 TD 9/23/16; SET 5 & 5 1/2 TO 17620' W/ 895 SX
06/23/2016 05 11266 SPUD 6/5/16; SET 10 3/4 TO 3000' W/ 1206 SX; TEST BOB SET 7 5/8 TO 11002' W/ 1961 SX
04/14/2016 01 15217 2318' FNL & 1670' FEL OF SEC 15. PBHL: 2571' FNL & 1926' FEL OF SEC 15.

PERFORATIONS

SERIAL NUM COMPLETION DATE UPPER PERF LOWER PERF SANDS RESERVOIR

WELL TESTS

RPT TYP TEST DATE RPT DATE OIL POT COND GAS DEL WATER BSW% FLOW PRES SHUTIN PRES CHOKE UPPER PERF LOWER PERF BOT HOLE PRES

WELL ALLOWABLES

EFFECTIVE DATE END DATE LUW CODE LUW TYPE CODE ALLOWABLE ESTIMATED POTENTIAL CURRENT ALLOWABLE TYPE

LEASE\UNIT\WELL PRODUCTION

RPT DATE LUW CODE STORAGE FAC DOC USE WELL CNT OPENING STK OIL PROD(BBL) GAS PROD(MCF) DISPOSITION CLOSING STK PARISH

CASING

COMPLETION DATE CASING SIZE WELLBORE SIZE CASING WEIGHT UPPER SET DEPTH LOWER SET DEPTH CEMENT SACKS TEST PRESSURE HOURS UNDER PRESSURE TEST DATE CASING PULLED CREATION PROCESS
10/04/2016 0512 0634 18 0 17626 895 1500 .5 10/02/2016 WELL HISTORY
07/14/2016 0758 0978 29.7 0 11002 1357 1500 .5 06/18/2016 WELL HISTORY
07/14/2016 1034 1312 40.5 0 3000 1206 1500 .5 06/06/2016 WELL HISTORY

PLUG AND ABANDON

P and A DATE LOCATION TYPE CASING CUT TYPE CASING CUT DEPTH MUD WEIGHT LEFT COMMENTS

PLUGS

PLUG TYPE UPPER PLUG DEPTH LOWER PLUG DEPTH SACKS OF CEMENT SLURRY WEIGHT

TUBING AND PACKERS

COMPLETION DATE TUBING SIZE TUBING LOWER DEPTH TUBING UPPER DEPTH PACKER DEPTH

WORK PERMITS

REFERENCE NUMBER APPLICATION DATE EXPIRATION DATE WORK PERMIT TYPE WORK PERMIT STATUS WORK PERMIT STATUS_DATE TOTAL DEPTH WORK_PERFORMED DOCUMENTATION RECEIPT DATE TEST SAND WORK DESCRIPTION
336-16-5 06/30/2016 06/30/2017 PLUGBACK EXPIRED 07/10/2017 0 N PLUGBACK @ 10850'
616-16-2 10/17/2016 10/14/2017 DEEPEN APPROVED 10/17/2016 17632 N DEEPEN TO 17632'
617-16-3-14 10/17/2016 10/14/2017 HYDRAULIC FRACTURE STIMULATION APPROVED 10/17/2016 17632 N PERF & FRAC 13480-17600'
Permalink Reply by Skip Peel - Mineral Consultant on August 25, 2017 at 10:24

That Weyerhaeuser well, S/N 249569, is not complete either according to the work order.  As indicated by the Status Code 31, it is temporarily shut in waiting on completion.  The work order for the frack was approved on 10/17/16 and does not expire until 10/14/17.  The "N" indicates that the work has not been performed as yet reported.  There is some lag time in the database being updated by the operator's report.  Have you seen or heard that the frack has occurred?

Permalink Reply by john goodday on August 25, 2017 at 12:55

What do you think is Range's strategy  in drilling  3 wells in the same section - 15-16-1 ?

Permalink Reply by Skip Peel - Mineral Consultant on August 25, 2017 at 15:44

To try different completion designs.  Drilling the LCV doesn't seem to be the problem.  The challenge is how to frack the formation and maintain the artificial fracture network.  Since these are vertical wells they can only test one completion design in each well.  Three wells gives them three opportunities. That's my best guess.  You might want to ask Jay for his opinion since he drills wells and I don't.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Looking Back At The Haynesville Shale - A Retrospective

Looking Back At The Haynesville Shale - A Retrospective
2 Pending Public Oil and Gas Hearings

Pending Public Oil and Gas Hearings
3 Arkansas Smackover Lithium Play

Arkansas Smackover Lithium Play
4 Aethon looks for Buyers of its Haynesville Assets

Aethon looks for Buyers of its Haynesville Assets
5 Notice Emails Are Back! Please review how they work.

Notice Emails Are Back! Please review how they work.
6 Comstock October Presentation

Comstock October Presentation
7 Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory - Enverus

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service