Oil & Gas Pro

Nacogdoches County AFE Amount Question

All,

I recently elected to participate in a series of BP-operated Haynesville wells in Nacogdoches County, Texas.  The amount appears to be understated.  Has anyone recently participated in one of their 10,000' wells and can share the AFE amount or a rough estimate?  This question applies to anyone who may have heard how much they are drilling the wells for as well...please let me know your thoughts on this.

Thanks in advance.

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landownerPermalink Reply by Spring Branch,mineral owner on November 9, 2018 at 11:17
I had a BP landman tell me $18 million

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on November 10, 2018 at 17:54

Hard to make a profit at $3 gas and $18M well cost.

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