Can Comstock Make Money In The Western Haynesville?

General Mineral Rights Discussion
21

I’m not sure they are very happy at this point! A huge cash flow deficit on their first 23 wells isn’t something to be happy about. I’m sure they wish that gas prices were higher. It may all work out in the end, but the financials are pretty iffy at this point.

22

Thanks. 1. DIFFERENT TIME WINDOWS : one percent could be a 30-month rolling average; the other might be a single-month value in a startup or shut-in month. 2. DIFFERENT METRIC/COLUMN Currie might be at 90.6%of its allowable while Circle M is showing 12.1% of something else ( allocation percent,or % of different allowable. 3. LEASE ALLOCATION VRS. WELL REPORTING- “ Circle M Alloc 1H” allocation adjustments can make % columns look low for an individual owner/reporting line. 4. DATA SOURCE/MAPPING ERROR- some vendor pages put the Currie Well in Robertson Countyand other sources mix Leon/Robertson; comparing county summaries can produce mismatches. Much more info than this is listed . I can include that if you wish. Best wishes!s

1 Like
24

Here are a few more reasons why the % of overall average production can differ. 1. Different reporting periods ( one dataset average only peak months; the other used a long multi-year average) 2.Simple unit/denominator mistake ( % of permitted capacityvrs. % of field averag,etc. )

ChatGPT has a great deal of information on this specific comparison and it is too much info for me to type into this forum. I hope this helps. Blessings.

25

Thanks for the information, makes more sense now.

26

Thanks Alan, And it looks like Curry July 2025 production is up yet again at 626,050 MCF / 31 = 20,195 MCF per day or about 98.7% of overall average production.

1 Like