KJ, the higher price was the actual cash price rather than the hedge price. In theory if operators curtailed significant gas production, the cash price would increase.
The sub $2.00 forecast was actually various consultants but I do think it could possibly happen based on our current oversupply situation. We still have ~ 10 weeks of the gas injection season remaining. Prices will not remain at such a low level for long and should return back to ~ $4.00/MMBtu for winter.
laurie---the well (Harvey #1H) in is the Henry Ashabranner Survey. You need to go on the RRC site and click on the public GIS map viewer and zoom into any location you desire and you can see all wells drilled or premitted in the state.
Shelby County ,Texas Haynesville Horizontal Scout Report
Chesapeake Energy is producing the Harvey 1H well in Shelby County, Texas at a rate of 17 mmcf/day on a 12/64 th choke. This is an excellant rate on such a small choke. The scout reporting this information did not have a FTP on the wellhead. The boom is on now for Shelby County, Texas
Posted by Jurassic Exploration Inc on Saturday, August 22, 2009 01:02
To produce 17,000mcf per day through a 12/64" choke would require 21,190# of flowing tubing pressure. I am sure that even a well touted to be a monster, as this one is does not have this kind of pressure. I do not know the exact vertical depth of this well but at 12,000' it would take 34# mud to control this much bottom hole pressure much less the pressure that would produce this kind of flowing pressure. Jurassic is touting information that is impossible. The well may be producing 17,000mcf per day but not through a 12/64" choke.
daddy bill---most intelligent post I have seen in awhile-- Wish it was true, but this tout is hard to believe. I wish someone knew correct information on the Harvey
If we assume a flowing tubing pressure of 6000#, a 12/64" choke, with no water, which is actually not possible when flowing a recently fraced well, the rate would be approximately 4800mcf per day.