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Permalink Reply by RONNY on February 4, 2015 at 16:33

sorry. above post section 32 should read section 31.  Can't edit post.  My apologies.

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Permalink Reply by Skip Peel - Mineral Consultant on February 4, 2015 at 16:35

At a glance I"d say mid T-2.

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Permalink Reply by W. Carter Richardson on February 5, 2015 at 11:20

Skip I have the same question in regards to section 7 & 8 in T15/R14.

Thanks in advance,

Carter

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Permalink Reply by Skip Peel - Mineral Consultant on February 5, 2015 at 12:20

Maybe high T-2, Carter.  Before we go too far with the "rule of thumb" EUR estimates let me say that all areas should have somewhat higher EURs with CUL wells compared to the original unit wells owing to the extra rock that is stimulated.  All of the original 640 acre units contain 80 acres that was not fractured due to setback requirements.  A section with a good Tier 2 unit well could very well have new design CUL alternate unit wells that are Tier 1.  So far the increase in production per acre is difficult to quantify - insufficient data.  However all the HA operators are willing to drill these new design wells at these relatively low prices because they are more cost efficient - less cost to produce an mcf.

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Permalink Reply by kittycatmama on February 4, 2015 at 16:39

Saw that too Ronnie. Don't you have land in one of those sections

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Permalink Reply by RONNY on February 4, 2015 at 16:58

yes sec 19.  Hope gas prices rebound later this year.

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Permalink Reply by kittycatmama on February 5, 2015 at 13:19

@ Ronnie, gosh we do too. Just acquire a few more minerals in Keatchie area with CHK and hoping they go west from this location to that area

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