Drilling in Greenwood!

We have a rig! The rig went up 2 weeks ago. This is on property that has been leased by Cheasepeake.
My queston is does anyone have a better idea on decline rate for Hayneville wells once a well is put into production?
Is this decline rate controlled by use of choke?

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Permalink Reply by J. A. on May 10, 2009 at 15:16
What township range and section is this rig in?
Permalink Reply by Suzan on May 11, 2009 at 5:46
Sec 9 t16n r16w
Permalink Reply by George James on May 11, 2009 at 2:47
You can expect an 80% to 86% decline rate in the first year.
Permalink Reply by Suzan on May 11, 2009 at 5:44
Holy cow that's a lot of decline! How can these wells be profitable if they burn out so quickly?

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