My family has mineral interests in 5,700+ acres in Dimmit County. Newfield Exploration has one horizontal well producing (oil & natural gas combined), another completed or nearly so according to them, and 3 more permitted on our acreage. We have not gotten our first checks yet, so I'm sitting here trying to get rough (very rough) estimates from the Railroad Commission website.
What baffles me is how dramatically the BBL (barrels) seem to be fluctuating and I'm wondering if they are choking it back or what? The first month had almost 11,000 BBL, then it went to under 5,000, and a month after that it was nearly 7,000. Then about 4,000, then 3,500...it has gone up slightly again from February to March (the most recent months I can see).
I do know that there are "hunting lease stipulations" that caused Newfield to cease "drilling and completion operations" in the area from October through January. I'm not sure if or how that could have affected this well which was already producing at the time. I noticed very similar fluctuation patterns in another Newfield well on a lease not far from ours. This is why I assume they are choking it back themselves.
I'm no expert at how all this works (I would be flattered to achieve just the label of "novice"). Can someone who understands this stuff give me an educated opinion? Thank you.