I am very sad to report that gas production in October 2023 for the KEYDETS-A47 4H well, as reported this morning on the Texas RRC site, was 23,630 MCF, which is
90.9% less than the previous value of 261,102 MCF
97.1% less than the Overall Maximum of 806,478 MCF
The most recent Unit Price of 2.31 $/MCF paid on 11/24/23 for September 2023 gas production is
3.0% more than the previous value of 2.24 $/MCF
70.7% less than the year ago value of 7.90 $/MCF
34.3% less than the Overall Average of 3.52 $/MCF
70.7% less than the Overall Maximum of 7.90 $/MCF
36.7% more than the Overall Minimum of 1.69 $/MCF
The Gross Value of $603,515 for Sep 2023 gas production is
10.2% less than the previous value of $671,843
86.9% less than the Overall Maximum of $4,619,444
Sounds like they may be shutting it in to drill the proposed 3H.
Gas production in November 2023 for the KEYDETS-A 47 well was 0 MCF. Perhaps they shut in the well to do some maintenance or, as Mister Sunday mentioned, to drill another well, although I don’t see a drilling permit for that.
I am happy to report that gas production in December 2023 for the KEYDETS-A 47 well was 178,066 MCF, up from 0 MCF for the previous month.
Gas production for each month in 2023 is shown in the Texas RRC table below, followed by a chart with the data showing the steep, nearly linear decline during the year and the October-November disruption. I am anxious to see the Jan 2024 value to get a better idea of what to expect going forward.
Gas production in January 2024 for the KEYDETS-A47 4H well was 241,753 MCF, which is
35.8% more than the previous value of 178,066 MCF
70.0% less than the Overall Maximum of 806,478 MCF for the Sep 2022 - Jan 2024 production month period
The most recent Unit Price of 2.12 $/MCF paid on 2/23/24 for December 2023 gas production is
6.0% more than the previous value of 2.00 $/MCF for October 2023 gas production
64.6% less than the year ago value of 6.00 $/MCF
and, for the Sep 2022 - Dec 2023 production month period,
36.1% less than the Overall Average of 3.32 $/MCF
73.1% less than the Overall Maximum of 7.90 $/MCF
25.6% more than the Overall Minimum of 1.69 $/MCF
The Gross Value of $378,159 for Dec 2023 gas production is
699.1% more than the previous value of $47,324 for October 2023 gas production
91.8% less than the Overall Maximum of $4,619,444 for the Sep 2022 - Dec 2023 production month period
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