Just looked at the monthly production stats that came out for February and was sorely disappointed. The Michael-Owan 26-35 production of oil dropped to only 297 barrels produced in a 29 day period. Gas production looked good, but what is happening to the oil?
This well is only about 2 years old. This well can't be drying up that fast can it? For the months of December and January, the oil production was a little of 2,000 barrels for each month.
Does anyone know the reasons behind this low production?