COMPLETED AND REPORTED PENDING APPROVAL SELLING GAS ONE THE WELLS WE HAVE MIN RIGHTS TO WAS CHANGED TO THIS SECTION. WHAT ALL DOES THIS MEAN? AND WHAT ARE THE NUMBERS UNDER THERE/ IP AND AFTER THAT. WHERE DO YOU FIND OUT ABOUT THE SELLING REPORTS/
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Sherry, was the information you posted above (ie COMPLETED AND REPORTED PENDING APPROVAL SELLING GAS) something you read on a report provided by XTO and did you read it online?
The statement would seem to indicate the well has been completed and placed on production. The pending approval probably refers to obtaining a production allowable from the TRRC. The IP is likely referring to the "initial production" test and would include the gas flow rate in thousand cubic feet per day, the flowing pressure (psi) and choke size.
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