In my numerical calculations I am using the natural gas resource estimates from Junex's May 2008 presentation.
I am using a value of $0.50 per thousand cubic feet. Some financial analysts use $1.00 to $2.00 per mcf.
Two discovery wells have been fracture stimulated: Becancour #8 (Junex) and one well on the Gastem/Questerre property. Five hundred vertical feet in both wells was massively fractured to get peak value of 1 million cubic feet per day on one or both(?) wells.
The horizontal well will be two thousand feet long in the middle(?) of the Utica shale. They may use Packer's Plus technology and fracture stimulate four stages of five hundred feet in length. The gas flow through the vertical fractures will be greatly increased to perhaps 4 million cubic feet per day.
New Time Estimate for Forest wells based upon new information.
Drill time: 15 to 30 days
Frac time: 3 days (some time is needed to setup equipment)
Fracture stimulation cleanup: 3 days(?)
Gas Flow Test Period: 30 to 60 days
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http://www.oilweek.com/articles.asp?...
"The frac still can go anywhere it wants in each segment, but since it´s done eight to ten times, you get great coverage," Themig says. "You used to spend anywhere from four days to four weeks doing ten fracs on a horizontal well, but now typically, in the Bakken, we do all eight or ten fracs in a single day."
