% | $
Quotes you view appear here for quick access.

MarkWest Energy Partners, L.P. Message Board

  • intarz intarz May 24, 2013 12:49 PM Flag

    Utica Notes

    1. Halcon released a report on their Phillips well in Mercer and their Allam well in Venango PA. The gas BTU is around 1250. Earlier I had read a report that the Mercer well had 1330 btu. Volume was 6.6 mcf/day on the Allam well. They gave some fairly impressive pro forma ngl numbers assuming stripping of the wet gas.
    2. From what I read earlier in the week the Utica shale in Ohio has very light volatile oil. The company's have to install condensate stabilizers on site before they can move the gas liquids into the pipeline. I hope this will not add hugely to the transportation process.
    3. Shell continues their drilling activities in NW PA. With all the drilling they are doing in WPA I look for them to enter the top ranks of the State's gas producers.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • more info on volatile oil window-looks like still unknown resource and stabilizers-xtex entering that business

      (EVEP) Wet Gas and Volatile Oil Windows

      Volatile Oil Window

      -Significant oil in place

      -EVEP estimates 20-30 million barrels of oil per section

      -Limited drilling activity

      -6 wells drilled

      -Marginal results to date

      -Suboptimal completions

      -More data needed, especially in oil window
      -De-risk through continued technical work and capital risk sharing

      -Pursue Joint Venture(s) for a portion of the acreage

      -Service company alliance/JV

      -JV with proven oil shale producers/financial groups

      (XTEX) Crosstex joined with Enerven to form a new company (E2) to provide services for producers in the Utica

      -Crosstex Energy, Inc. to invest approximately $75 million in new natural gas compression and condensate stabilization facilities

      -E2 will construct, own, and operate three compression and condensate stabilization assets for development of Antero Resources Utica acreage in Noble and Monroe counties

      -Expected commercial operations start up Q4 2013

41.53-3.49(-7.75%)Dec 3 4:00 PMEST