BOECHAT 05 06N 02W Does anyone know why production of oil went down thousands for the reporting month of 08/19? Production started 10/18.
Could be natural, or could be there is fracking nearby and the well was shut in for safety. Wait and see if it comes back up in a month or so.
Ina: These horizontal wells deplete 80% in the first year so a sharp decline is not unexpected. The operator of this well, BP, has decided to sell out of the area as the wells aren’t performing as advertised. As M_Barnes stated, the well could have been shut-in for a period of time is there was fracking going on in an adjacent section. Time will tell if that is the cause or this is another case of steep declines.
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BP is selling out? Do you know who too? It already took its major decline 05/19. Thousands of volumes then. It had been pretty consistent for awhile and then it dropped to a hundred units. That’s crazy. We will see.