Agree john new. This well is just the first in a series of wells already drilled and fraced on the Hart Ranch leaseIMHO. As the frac water is removed, the gas pressure takes over the push at some point and flushes out the remaining frac water with the Gas and Condensate Oil running through the separator. This is the last step in the completion process of these wells.
Based on the drilling program that moved to the Padgett Ranch lease with the Ideco Phantom rig, logically Hart wells should closely be followed by wells on the Padgett leases; starting with the Padgett #11 drilled by the Ideco Phantom rig, and the re-entry well on the big 5 1/2" casing.
IMO, the DD says they will all be good producers on both leases based on the offset wells, and the known success of the specifically well known hydrocarbon formations and payzones on the leases.
The delays on the Hart #8 has caused many news items to stack up IMO, because of the diverted effort to the bigger producing wells. No doubt that has hurt the SP up to this point, but those that held on, will now be rewarded if all of these wells already drilled will prove to be as productive as the DD and off-set wells says they will likely be.
AMEP's big advantage is the multiple payzones on every acre of these AMEP Barnett leases. Every drilled hole has a high percentage of success, with a 100% blanket coverage of the thick Barnett Shale and the slightly thicker Marble Falls lime, followed by various coverages by the sand, lime, and conglomerate type formations above the deeper Marble Falls and Barnett Shale.
I'm looking forward to the next few months, with AMEP likely producing a flow of 'Good News' PRs on these series of Condensate Oil and Gas wells, from both the Hart Ranch and the Padgett Ranch leases.
Good luck and DD all longs,
...greeneyedhawk
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