# Hard to justify?
**URL:** https://www.mineralrightsforum.com/t/hard-to-justify/12257
**Category:** Arapahoe County, CO
**Created:** [November 30, 2013, 8:57pm UTC](https://www.mineralrightsforum.com/t/hard-to-justify/12257 "2013-11-30T20:57:15Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@michael\_mcintosh](https://www.mineralrightsforum.com/u/michael_mcintosh)
#### Post date: [November 30, 2013, 8:57pm UTC](https://www.mineralrightsforum.com/t/hard-to-justify/12257/1 "2013-11-30T20:57:15Z")
Is it hard to justify the continuous drilling by Conaco with the production results recorded to COGCC? Conaco has made a huge investment in the Arapahoe area with very little in return and now it looks like they are willing to spend more renewing leases.(so I read). I see no advantage of smoke screens or oil field tricks at this point.
Lets review the last couple years:
Anadarko drills the first well which was a disappointment producing 5,663 bbl in Dec. 2011 to a decline of 503 bbl in Sept. 2013.
Conoco's Grimm decline from 3,282 bbl to 1,011 bbl in 7 months.
Conoco's Tebo 3 decline from 3,191 bbl to to 1,434 bbl in 3 months.
Conoco's Murphy 1,472 bbl in first 25 days
Conoco's Krout 3,652 bbl in first 18 days
Now we have THE GIANT Tebo 33 10,305 bbl in the first 25 days. I hope those numbers were not a misprint.
We have several other wells which should be reporting production in the next few months.
It appears Conoco is committed to their investment, at least for now.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 1:06am UTC](https://www.mineralrightsforum.com/t/hard-to-justify/12257/2 "2018-08-15T01:06:31Z")