Frack It Again – CONSOL’s Experiment in Refracking a Success
Frack and refrack? Yep. CONSOL Energy started drilling Marcellus Shale wells in 2009. In fact, they drilled half a dozen wells in Greene County at the time. Five years ago is an eternity in the shale drilling business. Knowledge and experience has expanded maybe a hundred-fold since that time. With every new well CONSOL and other drillers learn what does and what does not work. So CONSOL had an interesting idea: what would happen if we went back and refracked some of those early wells, which were not good producers? CONSOL hired Halliburton to refrack and the results were so good, they’re going to refrack another 200 wells…
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In early February, a well already drilled and completed by Chevron in Greene County, PA was in the process of being connected to a pipeline system. The well caught fire and exploded, eventually spreading to a second well close by (see
Yesterday EQT released an update for second quarter 2014 (see
Chesapeake Energy continues to sell off assets in an attempt to boost its stock price and make corporate raider Carl Icahn even richer. The latest fire sale: Rice Energy announced yesterday they’ve picked up 22,000 acres and 12 Marcellus Shale wells from Chessy located in Greene County, PA for $336 million. According to Rice’s President & COO Toby Rice, the acreage is a “high quality” shale asset located in an area they’ve been developing since 2009…
Unfortunately our worst fears were realized when PA State Police announced yesterday they had removed “what appear to be” the remains of Ian McKee, 27, a Cameron International contractor working at the Chevron Marcellus well site in Greene County. A warning folks, this is a bit gruesome. Apparently they found some bones but no body. It is a heart-rending story. No matter who it would have been, it’s a tragedy. In the case of Ian, he was young, living with his fiance with a baby on the way. Please say a prayer for his family and friends–they will need it in the coming days as they deal with this.
Pennsylvania released their second half 2013 production numbers yesterday and man oh man is it another sizzling hot report. Another 700 horizontal (mostly Marcellus) shale wells were brought online in the second half of 2013 in PA which brings the number of horizontal wells with reported production to 5,074. And, in what we believe is a first, Susquehanna County has displaced Bradford County as having the most production during a 6-month reporting period.