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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