Replies to This Discussion

Oil & Gas ProPermalink Reply by Johnnie Joe on October 7, 2011 at 5:07

That's typical of a gas well.

 

So put those first checks in the bank and don't spend em'!

landownerPermalink Reply by Temple Ingram on October 14, 2011 at 15:42

Your graphs appear to be calculated rather than any particular well's production.  Do you have a link where I could download the source---formula, spreadsheet, whatever---so I could use it to predict an income stream for a specific well?  Thanks.

Oil & Gas ProPermalink Reply by dbob on October 7, 2011 at 5:09

Joe,

I can't see what the production is on the RRC website. Can you share a few months of production data here?
In genral, all wells have a decline in production over time. It can be pretty steep over say the first 18 months, and will liekly flatten out after that.

Maybe someone with more specific knowledge will join in.

Permalink Reply by Joe Ed Jones on October 7, 2011 at 5:25

production---Jan............390,794                   July....120,267

                       Feb............405,028                  Aug....107,599  

                       Mar...........255,326                   Sep......92,329

                       Apr...........220,111

                       May...........167,843

                       June.........145,195

Oil & Gas ProPermalink Reply by Bosco Ritchie on October 7, 2011 at 10:42

Joe, I would consider that production to be a good well. this type of decline is typical for haynesville, eagle ford or any shale of tight sand.  Most are worse than that.

Permalink Reply by Charlotte Woolam Peel on December 27, 2011 at 15:09

I have been following production from this Mckinney well for months on TRRC. Up until this month it showed production, now it doesnt even show to be available. what could be the problem. EOG 700339  405-30368. Anyone have any ideas? been in production since dec2010.

Permalink Reply by jffree1 on December 27, 2011 at 16:21

Charlotte, try using the lease ID #261416 and Gas well.  Once there is a lease ID it won't show up under "pending" anymore.

Permalink Reply by Charlotte Woolam Peel on December 28, 2011 at 5:29

jffree, thank you so much...i found it. NOW is just wish they'd start paying. EOG turned the paperwork over to our landman from EXCO. maybe soon.

Permalink Reply by Charlotte Woolam Peel on January 1, 2012 at 12:45

ok jiffree, im a little confused...why would the ID # change? and why the "pending" changed to gas well....i thought it had always been a gas well. could that mean we are closer to getting a check??? hope hope hope. thanks

Permalink Reply by jffree1 on January 1, 2012 at 14:16

It is confusing and I'll try to keep it short and sweet.  The first number you used to find production is the well permit number (you could also use the API #).  You had to use "pending" with that number because RRC is usually waiting for the operator to turn in all the final paperwork (there's a bunch of it), which has to be reviewed by several departments and approved which means that, although they are producing the well, it's not "official" yet.  The operator is not given an "allowable" (how much they can produce from the well) and a Lease ID # until all those review and approval steps are completed by everyone involved.  

Once the Lease ID # is created and the well is assigned an allowable, the production figures are transferred from the "pending" category to the official "Gas Well" category and the well is added to the Proration Schedule.