EQT shifts focus to drill in West Virginia in 2020
Monday, February 22, 2021
EQT Corp is planning to drill and complete more wells in West Virginia where about 40% of its leasehold is located, according to Natural Gas Intelligence.
EQT will also focus on lowering well costs by drilling longer laterals in West Virginia. Horizontals are planned to average 15,100 feet in West Virginia. The company estimates the cost of the West Virginia wells will average $775 per lateral foot in 2021.
EQT plans to turn 17 Marcellus wells to sales in West Virginia this year, 76 in Pennsylvania and 5 Utica wells to sales in Ohio.
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.