Following the successful vertical well program that validated the rock properties over our acreage, this program will help us develop gas production type curves for both the structured and unstructured areas of the deep Utica fairway. These will be more meaningful to assess recovery factors as an alternative to analogs from other shale plays.
The 5.7 MMcf/d average flow rate over the first thirty days and 1.4 MMcf/d flow rate at the end of a long term production test from the first well, St. Edouard No. 1A, exceeded our expectations. Our interpretation of the production and pressure data indicates a type curve that closely matches that of the prolific Haynesville shale in Louisiana and Texas. The extensive over pressuring and fracturing may contribute to higher initial rates and a more pronounced initial decline when compared to wells drilled in the unstructured part of the fairway.
We plan to complete and test the next two wells, Fortierville No. 1 and St. Gertrude No. 1, with eight stage fracs in the middle Utica. Subject to frac equipment returning this fall, results should be available from these two wells by year-end.
There is significant variability between well results in every other shale gas play, including the more established ones. Given this statistical nature of shale plays, we continue to target an average initial 30-day flow rate from this pilot horizontal program of approximately 2 MMcf/d.
ADE Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Not Held