Replies to This Discussion

Permalink Reply by jffree1 on August 13, 2010 at 3:25

Nick, that is a tough question to answer. What I can tell you is that there are 34 wells (in Shelby Co. alone) on my list which have been drilled and either have not been completed (shut-in) or have been completed, are producing gas and have no IP reported. The producing, no IP, wells are about 4 or 5 of the total.
Why the wells are shut-in is anyone's guess... could be waiting on pipeline but it could be they are waiting on higher gas prices, too.

Permalink Reply by adubu on August 16, 2010 at 0:25

Some of this wells have completed drilling and rig off the site. They waiting on possible two things-- a pipeline and frac crew. Some will not frac until they have pipeline to flow into because some wells can to harmed if frac and not have pipeline to flow it into especially sand formation wells I am not sure about shale wells. A few weeks ago there was a wait of 4-5 weeks for a frac crews.

Permalink Reply by nick waters on August 16, 2010 at 12:54

Sorry JFFREE1 and Adubu I have been on vacation. Thanks for the information.

Permalink Reply by Jim Carroll on October 6, 2010 at 11:17

adubu,
Last time we visited re the Dean/Hay Goodrich well, the first well was still in the drill phase. Now they have finished drilling the second well. The pipeline to service those wells is in the process of being laid to connect at some point to the Carthage Pipeline. Any info about the progress of the pipeline or where it is to attach to the Carthage Pipeline or the location of that line? Does the activity around Joaquin seem to be increasing? Any info about the success of the two Goodrich wells off of 2428? Thanks, Jim

Permalink Reply by adubu on October 7, 2010 at 6:09

jim--- i understand both wells completed and rig moved off site 2-3 weeks ago but have not been frac for completion yet to date

Permalink Reply by MARG on October 2, 2010 at 18:26

Unless we have a real cold winter, we may not have very high prices; we must remember the Law of Supply and Demand. We should form an organization or something to push for the use of natural gas. There has to be a lot of support from state agencies, etc. With the abundance, we cannot expect prices to go very high with the exception of a disaster of some kind. Also, I am concerned about taxation as we need to be taxed on a lower cost base than in the past. If one will brainstorm and make a list of all the places that shale is being found, he or she will see that it is becoming common in several states and countries. Perhaps the government could bargain to pay some of the overwhelming, unreasonable debt by exporting gas. T. Boone Pickens is trying, and with support, he might could do more. Since gas is winning over coal now, the prices might rise some, but not back to six or seven dollars (at least not for long). We get up to four dollars and down it goes, over and over that has happened. With the terrorist problem like it is, we need a large storage, and now they are storing for winter at low prices. It is hard to be realistic, but I am tring to adjust to the idea of lower prices than I have been receiving for the last several years. Exports and earning from it could help keep the taxes from being raised so much.