Last August our well in Canadian Co. OK produced 13,000 BBLS but has declined since then to half that in February. Is it common for companies to cut production when oil prices are low? Thanks for your thoughts.
It is possible, but they want their money just as much as you do. Most likely scenario is this is a natural decline in the well. Very normal for horizontal wells. Another factor might be that they shut in the well for a short while if other wells were being frac’d close by.