the initial production rates on this one are twice that of the one in Colorado we talked about earlier.
Looks like there’s a couple more like this coming online.
These are likely the reason production rates in the marcellus/utica formations are going up so big without the rig count going up. The guys are finding the sweet spots with a deal of efficiency and are finding 16 ways to sunday to get the most out of them.
awesome. Obama’s EPA arriving on site to shut it down in 5....4......3.....2......
Cracker plant?!?!?!!?
That’s racist!
29 mmcf is approximately equivalent to 5300 barrels/day of crude oil.
The yields have been beyond expectations since day one for Marcellus/Utica shale.
This “truth” is driving the anti-hydrocarbon liberals mad!
Looking at the big picture, they still have not even started to tap the shale in New York State, so just imagine the amount of energy under our feet just waiting to be extracted.
This threatens green energy and could doom it forever, which is the reason liberals need to lie about hydraulic fracturing.
And some lucky landowner gets 15-20 percent of that. If it’s 20 percent, that would be over $24,000 PER DAY at current natural gas prices. With horizontal drilling, a number of landowners may be sharing that pot. Still, nice non-work if you can get it!
I’m so glad I’m not a liberal. If I was, I’d have to be bothered by such things. As it is, I can just say “the Universe isn’t fair, and never will be.”
In any case, if I were playing the odds, I would bet a rural Ohio landowner would make wiser use of a sudden windfall than an urban homeless man or a Harvard professor or a left-wing politician. Sure, fools exist everywhere, but just playing the odds here.