The production numbers for the well which I share ownership were stated as 200 bpd or more but were much less on the statements from the first to the present time. aprox 1 year. I am wondering if the flow rate of oil wells is adjusted down to a lower daily production at the well head or is production of the wells left "wide open" and the difference simply a function of the depletion curve?
I am not able to get to the statements to quote you specific amounts but the difference is quite sizeable.
Thank you
Richard,
Possibly the operator is not being able to sell all the production the well is producing every month and some is left in the storage tanks on sight. The amount he sells added to the amount left in the tanks should equal the months production.
Also there is a decline curve to take in consideration. Every well will be different. Just my opinion.
Clint Liles
Thank you Clint
Clint Liles said:
Richard,
Possibly the operator is not being able to sell all the production the well is producing every month and some is left in the storage tanks on sight. The amount he sells added to the amount left in the tanks should equal the months production.
Also there is a decline curve to take in consideration. Every well will be different. Just my opinion.
Clint Liles
Nice widget Clint!