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Oil & Gas ProPermalink Reply by The_Baron on May 18, 2009 at 9:21

Does not look good.

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landownerPermalink Reply by Count of Monte Cristo on May 18, 2009 at 9:53

is this the prescott well operated by Chesapeake? Looks like that's an IP of 5.22 million cubic feet per day. Do you have a link to where you saw this info? Thanks.

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landownerPermalink Reply by GW on May 18, 2009 at 9:56

Yes this is the prescott well.This info was on Sonris today

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landownerPermalink Reply by Count of Monte Cristo on May 18, 2009 at 9:57

well, 5 million isn't a barnburner compared to Elm Grove that's for sure. I think this will have the effect of reducing future planned wells in mid and north Bossier until natural gas prices recover even further ($7-8/Mcf minimum).

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landownerPermalink Reply by Checkmateking on May 18, 2009 at 10:49

This is much better than I expected, it is twice to 5 times as good as any well in 19N so far.

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landownerPermalink Reply by Checkmateking on May 18, 2009 at 11:01

I am more than happy with the results, to expect anything more at this pont would be unrealistic.

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landownerPermalink Reply by Count of Monte Cristo on May 18, 2009 at 11:03

even if it's better than average for 19N, i doubt this well will make a profit at today's NG prices. Look for many companies to start farming out to smaller operators on the northern edge of this play to hold leases by drilling vertical wells.

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landownerPermalink Reply by Checkmateking on May 18, 2009 at 11:14

i wouldn't give up hope yet, there is going to be a pretty sharp learning curve on these wells. If we have learned anything it's that the reservoir to the west of the Pine Island wells is signifigantly better.

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landownerPermalink Reply by Count of Monte Cristo on May 18, 2009 at 11:30

you mean to the east right? Although I think this well is south of Caddo Pine Island by a few miles.

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landownerPermalink Reply by Checkmateking on May 18, 2009 at 11:32

Yeah to the east, yes it is just a little south of Pine Island, it is apporximtaely 15 miles east and 3-4 miles south of the Hall well.

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landownerPermalink Reply by Spring Branch,mineral owner on May 18, 2009 at 11:40

It is in T19 rather than T18, but be aware that it is as far south in T 19 as you can get. On a north/south plane, it is only one mile north of Exco's Sharp well and two miles north of Chesapeake's Sharp wellm, both of which are in T18. The it I'm referring to is Chesapeake's Prescott well.

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Oil & Gas ProPermalink Reply by The_Baron on May 19, 2009 at 2:50

From the initial gossip I heard, this was supposed to be a strong well. The 5.2 mmcfd rate is disapointing.

I find it hard to believe that CHK is going to be able to make this dollar out.

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