Wyoming, Bradford,Susquehanna, County PA Geologic Overview

Report
Starlight Marcellus Shale Prospect
Scott Township
Wayne County PA
Geologic Overview
ZGS
Zaengle Geoscience LLC
Don Zaengle
Geologist
DISCLAIMER
The geologic and financial data in the following presentation was gathered from public and private
sources including state and federal imposed filing requirements. Zaengle Geoscience LLC and
Don Zaengle make no warranty as to the enclosed data.
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The Starlight Marcellus Shale prospect is a 3,000 acre contiguous block
located in Northeastern Pennsylvania available for natural gas exploration.
This unleased acreage located in Scott and Buckingham Townships at the
very north end of Wayne County is detailed in the geologic overview
outlined in this presentation.
This acreage is 28 miles northeast of the Cabot Oil & Gas Dimock, Pa.
Marcellus Shale field which is currently producing 100 mmcfg/d.
The prospect acreage would appear to be in the over-pressured dry gas
window with Marcellus Shale greater than 200 API shale thickness of
approximately 150 feet at 4,100 feet below sea level. Data would suggest
that the Marcellus total organic carbon content is between 3 and 4 percent
with thermal maturity Ro values between 2.5 and 2.75.
The data outlined in this report make this prospect a compelling
opportunity. Please see the summary bullet points are outlined at the end
of this presentation.
Starlight Marcellus Shale Prospect
3,000 acres
Geologic Section
Marcellus Shale
~ 13,000’
Oneida Sst
Oswego Sst
(R. Nyahay, J. Leone, L. Smith, J. Martin, D. Jarvie, 2007)
Modified D. Zaengle 10/2008
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Oil & Gas Fields Pennsylvania
Marcellus Shale, Cherry Valley, NY
Knapp #1, Belden & Blake Corp., 22906, TD = 5,242’,
KB=1,720’, 7/01, Colesville twp., Broome cnty., NY
Marcellus Regional Top New York200 API
ZGS
2.0 g/cc
2.6 g/cc
3.0 g/cc
Upper Marcellus
Purcell Limestone
Lower Marcellus
Onondaga Limestone
Marcellus > 200API
4,670’, -2,950’
63’
4,805’, -3,085’
12’
2.4 g/cc
80’
4,886’, -3,166’
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Total High Gamma >200 API = 155’
Cabot Oil & Gas, Susquehanna Marcellus Field, Dimock Pennsylvania
(Program Results (Cabot 2009)
Greenwood #1
Hubbard #1
Dimock PA
Rt. 2024
2-21-10 Field production : 100 Mmcf/d
100,000 mcfg x $4.75 mcf = $475,000 /day gross
Hubbard #2
$173,375,000 / yr gross
Gasford #2
First 15 vertical wells drilled
Carter Rd.
Ely H1, H5
Gasford #3
Heitsman H1
Lewis #2
Ely #2
Lewis #1
30-day average:
Average EUR:
Horizontal wells
Ely H4, H6
Teel #2
Teel #1
Teel #5
Tennessee Pipeline 30”
Black H1, H2
1.42 Bcf
IP
(Mmcfd)
30-day
(Mmcfd)
EUR
(Bcf)
Ely #H6
6.4
5.3
4.5+
Black #H2
8.3
5.6
4.5+
Black #H1
8.8
8.3
4.5+
Heitzman #H1
9.0
6.5
4.5+
Rt. 3023
Rozanski #1
1.045 MMcfd
Teel #H8 7/23/09
10.3
2-21-10 Hor. Well
16.1
Estimated Ultimated Recovery
Teel #6
Teel #7
Brooks H1
Purcell Limestone 2-21-10
Hor. Well, 30 day prod. 7.3 mmcfg/d
9.8
5.5 Bcf
4.5
Marcellus: 3.0 - 4.0
Total
Organic
Carbon
TOC
Marcellus: ~ 100’ to 150’
Marcellus: Ro = 2.5 – 2.75
Dry Gas Window
Thermal
Maturity
Thickness
Ro
Marcellus: - 4,100’
Key
Geologic Factors
Starlight Prospect
Depth to
Top
Mineralogy
Brittleness
Natural
Fractures
Gas in Place
Marcellus: ?
Marcellus: ?
Marcellus: 75 -100 Bcf/sec
Porosity
Permeability
Marcellus: 3 -5%, 0.01 – 1.0 md
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Thermal
Maturity
Marcellus Shale Regional Isopach, Engelder PSU, 2009
Gas in Place
150 bcf/section
25 bcf/section
75 bcf/section
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Campbell #1,
Gulf Oil, 04214,
TD=10,992’
KB= 1,753’, 11/62
Hamden twp.
55’ >200 API
- 3,337’
Depth to Top
Marcellus Shale
Depth to Top >200 API Gamma
Subsea
CI = 500’
DGZ
3/10
Knapp #1, 22906,
TD = 5,242’
Colesville twp,
155’>200 API
-2,950’
Starlight
- 5,259’
Shell Oil, Pease #1,
37-115-2006
TD= 8,534 10/07/73,
205’ >200API
Texas Eastern,
Shandalee
Hunting Club #1,
- 5,303’
08578
TD= 9,995’,
KB=1,819’, 11/71,
Rockland twp
42’ >200 API
Millennium
pipeline
Thickness
Millennium
Marcellus Shale
>200 API Gamma
Isopach
CI = 50’
DGZ
3/10
Campbell #1,
Gulf Oil, 04214,
TD=10,992’
KB= 1,753’, 11/62
Hamden twp.
55’ >200 API
pipeline
Knapp #1, 22906,
TD = 5,242’
Colesville twp,
155’>200 API
Texas Eastern,
Shandalee
Hunting Club #1,
08578
TD= 9,995’,
KB=1,819’, 11/71,
Rockland twp
42’ >200 API
Starlight
150’
Shell Oil, Pease #1,
37-115-2006
TD= 8,534 10/07/73,
205’ >200API
100’
50’
Knapp #1, Belden & Blake Corp.,22906, TD = 5,242’, 7-01
Colesville twp., Broome cnty., NY
200 API
2.0 g/cc
2.6 g/cc
3.0 g/cc
Top >200 API Gamma (4,670’, -2,950’)
Upper Marcellus
Purcell Limestone
Lower Marcellus (4,805’,-3,085)
Onondaga Limestone (4,886, -3,166’)
Total High Gamma >200API = 155’
14
Campbell #1, Gulf Oil, 04214, TD=10,992’ KB= 1,753’, 11/62
Hamden twp., Delaware cnty., NY
Marcellus Shale (5,090’, -3,337’)
55’
Onondaga Limestone
(5,150’, -3,397’)
Total high Gamma >200 API = 55’
15
Type Log Cabot Oil & Gas Dimock PA (Marcellus Field) ~10 mi W
Shell Oil, Pease #1, 37-115-2006
TD= 8,534’, Elev. =1,231’, 10/07/73, Susquehanna County, PA
0 API
200 API
2.0 g/cc
2.6 g/cc
3.0 g/cc
Top >200 API Gamma (6,490’, -5,259’)
50’
Upper Marcellus
Purcell Limestone
155’
6,683’ (- 5,452’)
Lower Marcellus
6,835’ (- 5,604’)
Onondaga Limestone
Total High Gamma> 200 API = 205’
16
Texas Eastern, Shandalee Hunting Club #1, 08578
TD= 9,995’, KB=1,819’, 11/71, Rockland twp.,
Sullivan Cnty, NY.
>200API Marcellus (7,122’,-5,303’)
Upper Marcellus ?
Cherry Valley LS (7,162’,-5,343’)
Lower Marcellus
Onondaga Limestone (7,209’, -5,390’)
Marcellus Thickness
Total High Gamma ~ 42’ +
Starlight Advantages
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Stacked Targets (Marcellus Shale, Utica Shale, Trenton Black River).
Marcellus Shale > 200 API 100 - 150’ thick at -4,100’ subsea (~5,600’, ave. elev. 1,500’).
Marcellus Total Organic Carbon content 3.0 – 4.0%.
Thermal Maturity, Ro values ~ 2.5 – 2.75
Within dry gas window, little if any processing required, high BTU value.
28 Miles NE of Cabot’s Dimock PA Marcellus Shale field currently producing 100 mmcfg/d.
Millennium pipeline ~ 5 miles east.
3,000 + contiguous acres.
New York Pricing Premium (Averaged $1.05 to NYMEX).
Excellent Economics relative to other shale plays.
Excellent Infrastructure (Railways, Roads).
Abundant Water Resources.
Rural area, sparsely populated, with pro-drilling landowners.
Topography consists of gently rolling hills.
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