Hi. I’m wondering if there is an average length of time a ,successful well produces. Im part of the Betty Kennedy tract and have begun receiving royalties. Just wondering how hopeful I should be?
Susan - there is not much production history longer than 3 or 4 years for Eagle Ford Shale wells, but many think the wells will produce economical amounts of oil and gas for several years. They all fall off drastically from the first second they start flowing oil and gas but that decline slows down with time. I have an interest in some COP wells in DeWitt County and they have done just that. However, I have new wells permitted and many more to potentially come in the future. I’m sure you do too.