Flat production of 1,000 bbls of oil per day for February and March:
RPT DATE | LUW CODE | STORAGE FAC | DOC USE | WELL CNT | OPENING STK | OIL PROD(BBL) | GAS PROD(MCF) | DISPOSITION | CLOSING STK | PARISH |
---|---|---|---|---|---|---|---|---|---|---|
03/01/2020 | 052211 | 1 | 1760 | 29470 | 212851 | 29839 | 1391 | RAPIDES | ||
02/01/2020 | 052211 | 1 | 1530 | 28025 | 202968 | 27795 | 1760 | RAPIDES | ||
01/01/2020 | 052211 | 1 | 0 | 6011 | 47298 | 4481 | 1530 | RAPIDES |
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Just my opinion oil would have to be over $70 a bbl for this to even have a chance. Economics really are not there yet. Operators get a away with it in the Permian due to everyone is set up to handle the water. Plus swd that are in the Devonian formation. You can put upwards of 25,000-30,000 bbl’s a day away with one well.
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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