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I think that was drilled with the Latsha #8 drilling rig, which I don't think is one of the big flex rigs. As you note, it has produced 384 mmcf since 2009, but it hasn't produced any condensate. Figure at this point, its probably produced close to $2million in gas, prior to expenses. Much of the stuff in that particular area is HBP.
Anyway, push gas prices back toward $12 and I guess they would drill more of this. Otherwise, better ROI on other stuff.
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…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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