EQT’s 19-Well Pad with 22 Miles of Laterals & 770 Frac Stages
Last week EQT released their third quarter financial and operational update, which MDN chronicled (see EQT 3Q14: Revenue Up 12%, 91 New Wells Spud in Northeast). As often happens, the top brass from EQT held an analyst call to further spread the company message and to take questions from analysts who prepare reports read by investors. Sometimes you find a few gems in the prepared and off-the-cuff remarks in those calls. One such gem in the EQT call from last week is information about EQT’s drilling strategy–longer laterals–which are leading to a cheaper cost-per-foot (an average 6% cheaper). Another gem: EQT will drill a single pad in 2015 with 11 Marcellus wells and 8 Upper Devonian wells (a “stacked pay” well). If you add up the total length of all of the laterals that will be drilled, it adds up to 115,500 feet–nearly 22 miles! EQT will use 770 frac stages along those 22 miles of laterals. Ginormous well pad!…
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An ongoing issue for shale drilling is the seeming conundrum that although we’re burning more natural gas and therefore the air, on average, is cleaner–the air is not cleaner in heavily drilled counties. We’ve seen studies in Pennsylvania (see 
Oilfield services companies span the range from the Halliburtons and Schlumbergers to the mom and pop companies with a single drilling rig. Fortis Energy Services, a privately held company headquartered in Michigan (but with operations in the Marcellus/Utica) is not nearly as big as Halliburton, but it’s way bigger than a mom and pop. Fortis operates in the Midwest and northeast with a number of rigs. They’ve just added two more “workover” rigs to their fleet–one of them dedicated to the Marcellus/Utica. What’s a workover rig?…
We won’t bother to chronicle, once again, the long fight in New York State over the right of a town board with 3-5 members deciding that every resident in a township will lose the right to use their property the way they want to (even though property ownership is sacrosanct under the U.S. Constitution). In the People’s Republic of New York, the mob rules. The rule of law is out the window. And so, a few New York high court judges who want to retain their posts under Gov. Andrew Cuomo, decided nobody really reads the Constitution anymore anyway–and that local town boards (not individual landowners) will now decide whether or not shale drilling will take place (see 
Baker Hughes is the world’s fifth largest oilfield services company. Schlumberger and Halliburton are numbers one and two, respectively. Oilfield services companies provide drilling equipment and yes, even fracking equipment (and fracking fluids) that power the shale revolution. Baker Hughes, with a large presence in the Marcellus/Utica, has just donated (for the second year in a row) $100,000 to Susan G. Komen®, the world’s leading breast cancer organization, to help in the effort to find a cure for breast cancer. Anyone alive over the age of 30 almost certainly has a relative or friend who is or has been afflicted by this disease. Doing what we can to fight it is something we all can get behind. But because some wacko anti-drillers make wild claims that fracking fluids “cause cancer”–even though fracking fluids contain many of the same chemicals in the stuff under your kitchen sink–some lib groups (incredibly) oppose the donation and efforts by Baker Hughes, saying it is blood money and “pink washing” the fracking industry…