EQT Well Explosion in February 2013
EQT plans 70 new gas wells in WV in 2014
From an Article Printed, State Journal, Charleston, WV, December 20, 2013
EQT Corp. plans to bring 70 wells online in four counties in northern West Virginia next year, adding to the 96 it already has there, the company told analysts at a presentation this week. Each well is an investment of about $6.6 million, EQT said.
A 4,800-foot lateral in a horizontally drilled and hydraulically fractured well produces about 9,000 cubic feet of gas per day in its first month. That drops to about 3,000 Mcfe in the 11th month and levels to about 1,000 Mcfe in the 51st month, according to information released in the presentation.
EQT has about 90,000 acres in the wet-gas region of Tyler, Ritchie, Doddridge and Wetzel counties. About 79,000 of those acres are undeveloped.
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In Pennsylvania, a 5 % severance tax on natural gas production is expected in the future. Some 10 Bcf/d worth of production is expected next year, according to the US Energy Information Administration.
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A Platts’ analysis of the third quarter’s prices and all-in well costs found the top three Pennsylvania drillers showing strong profits. For example, EQT had a realized price of $3.58/Mcf. All figures are per Mcf, exception production, which is per MMcf/d, i.e. million cubic feet per day.
>> EQT (1,000 MMcf/d production in PA)
Realized price, $3.58; All-in-costs, $2.44; margin, $1.14
>> Range (739.4 MMcf/d production in PA)
Realized price, $3.88; All-in-costs, $3.23; margin, $0.65
>> Cabot Oil & Gas (1,105 MMcf/d production in PA)
Realized price, $3.36; All-in-costs, $2.97; margin, $0.39
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Columbia pipeline project OK’d by Federal Energy Regulatory Commission
From an Article Printed, Washington PA Observer Reporter, December 20, 2013
Columbia Pipeline Group said Thursday the Federal Energy Regulatory Commission has approved construction of the company’s Smithfield III expansion project in Pennsylvania and West Virginia.
Columbia said in a news release the project is a key feature of its comprehensive West Side Expansion strategy to provide Marcellus and Utica producers with a pathway to southwestern market areas.
Specifically, the FERC approval will allow construction of the following core facilities:
> New Redd Farm Compressor Station. A new compressor station consisting of two 4,700 horsepower Solar Centaur units near Columbia’s existing Redd Farm Regulating Station in Washington County, PA.
> Enhanced Glenville Compressor Station. Installation of two new 7,800 HP Solar Taurus 60 compressor units at Columbia’s existing Glenville CS located in Gilmer County, West Virginia.
“Northeast gas supply is projected to soon outstrip demand,” said Stan Chapman, Columbia’s senior vice president of customer service and marketing. “The Smithfield III Project will help alleviate capacity constraints in the Marcellus production area and will provide producers a pathway out of the region and access to higher valued markets.”
The Smithfield project is part of Columbia’s effort to transform the west side of its Columbia Gas and Columbia Gulf transmission systems in response to supply growth in the Marcellus and Utica production areas. Completed earlier this year, the Columbia Gulf Bi-direction Project enables up to 540,000 dekatherms per day of gas to be transported from its interconnect point at Leach, Ky., to Rayne, La., on the CGT system. Once in service, the Smithfield III Project will enable firm transport capacity of 444,000 dth per day of TCO supplies from compression facilities in Pennsylvania and West Virginia to Leach, Ky.
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SKYTRUTH INCIDENT REPORT: Taylor County, West Virginia.
NRC Report ID: 1069932, Incident Date: 2014-01-02, Nearest City: Flemington, WV
Location: 700 FEET FROM THE RP HOME, CORBIN BRANCH RD. & SMITH RD.
Incident Type: PIPELINE, Material: METHANE, Medium Affected: AIR
Suspected Responsible Party: TRIANA ENERGY
SkyTruth Analysis: Report Description – - -
THE CALLER REPORTED THAT A PIPELINE DEHYDRATOR IS RELEASING METHANE INTO THE ENVIRONMENT. THE CALLER STATED THAT THIS HAS BEEN AN ONGOING RELEASE FOR THE LAST 2 MONTHS AND THE ODOR IS UNBEARABLE. THE CALLER ALSO STATED THAT SHE AND NEIGHBORS ARE EXPERIENCING SEVERE HEADACHES AND NAUSEA.
PDC Energy Inc. in December stated it would focus the company’s growth potential in 2014 on the Wattenberg Field in Colorado and the Uitca Shale in Ohio in a $647 million program.
Overall, PDC estimates net production volumes for 2014 will average between 9.5 million and 10 million barrels of oil equivalent and expects crude oil and natural gas liquids will increase to approximately 60 percent. The company expects a reduction in dry gas volumes this year due to the anticipated closing of the sale of its shallow Upper Devonian assets and the suspension of drilling in its Marcellus Shale assets. The company estimates its 2014 production exit rate to be approximately 33,000 Boe/d.
The Wattenberg Field will receive the lion’s share of its capital program at $469 million. The company plans to start the year off with four drilling rigs, with a fifth to be added in the second quarter. The budget for the field includes spudding 115 gross operated horizontal wells, 59 of which will target the Codell formation and 56 that will target the Niobrara. Plans include 19 wells with extended-reach laterals of a bout 7,000 feet. The company also plans to re-initiate its vertical well refrac program, the release stated.