They finally published some numbers on a well I have an interest in, but I don't really understand the numbers. These came from the Montana gas and oil site. BBLS Oil Cond-6131.
MCF Gas 5038. BBLS water 20320 Days produced 24. Can anyone shed some light on these numbers? I realize the the numbers may taper off after a period of time.
Are these numbers considered so-so,fair, good? Getting excited to see a check!
They (whiting) has applied for a permit for additional lines.
Thanks for any input you may have.
Joanne
Wait a month more until they get all the frac water back. Then post the numbers.
Ahhh......you are suggesting I be more patient. Just getting excited. Its been a long time in the works. The whole process is a test of patience. Thanks for your response.
Joanne
Buddy Cotten said:
Joanne, I don't think I would be going out on a limb and say it isn't a monster but that it looks like they won't be capping it any time soon. A major consideration would be the size of the pool [640/1280, less, more?] and whether it's a verticle or horizontal well, and what it means to you could change depemding on the royalty and how many net acres you contribute to the pool. I just said elsewhere that the meter stick of a well is it's production over time, hundreds of thousands of barrels of oil over it's lifetime, we hope.
RW-
Thank you for your input. I appreciate your comments.
Joanne
r w kennedy said:
Joanne, I don't think I would be going out on a limb and say it isn't a monster but that it looks like they won't be capping it any time soon. A major consideration would be the size of the pool [640/1280, less, more?] and whether it's a verticle or horizontal well, and what it means to you could change depemding on the royalty and how many net acres you contribute to the pool. I just said elsewhere that the meter stick of a well is it's production over time, hundreds of thousands of barrels of oil over it's lifetime, we hope.