Replies to This Discussion

Permalink Reply by Les Bamburg on April 15, 2011 at 11:40

CM, this well is not producing any oil or condensate according to Sonris.  It has produced 844 MMcf of gas thru January.

Permalink Reply by cocodrie man on April 16, 2011 at 12:18

thank you for your response, I wonder why the Division order indicated that production included both oil and gas.  I have not signed the Division Order, my attorney does not want me to do so lest I include some language he has drafted.

 

Permalink Reply by cocodrie man on April 18, 2011 at 3:33

Les B,

 

Pardon my ignorance in the extreme, but does MMcf mean 844 million million cubic feet?  Let us say that is correct and the average price for that time period was $4.00 per million (just to make the math simpler) ....would that then mean that the well has produced through January some 3.3 billion dollars worth of gas?

 

BTW, have you seen the book entitled something like Same Different as Me?  I am told that a movie is to be made of it.  Since the book is about a man from Red River Parish, I wonder if the movie will be shot there?

Permalink Reply by Les Bamburg on April 18, 2011 at 7:24

CM, no apologies necessary as I have a bad habit of using industry abbreviations.  The total volume was 844 million cubic feet of natural gas (844,000 thousand cubic feet).  I tend to use MM for million but others in the industry use a single M for million.  For your example the natural gas price would be $4.00 per thousand cubic feet of gas.  So the total value would be 844,000 times $4 or about $3.4 million.

 

Thanks for the information about the book.