Hard to justify?

michael mcintosh · 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.

Colorado Mineral Rights Arapahoe County, CO

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