landowner

Wood Well in Red River Parish Section 30 T14N R9W

Can anyone tell me if the Wood Well is doing any better? I don't know if the well has been cranked way down, or if there has been a problem, but the production has been almost nothing since the Garrett well was finished.

Thanks,

Trisha

grumpy_granny@wildblue.net

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on October 11, 2010 at 14:21
Trisha, please correct you discussion title so that we know the correct section-township-range. And don't be grumpy, granny. LOL!

landownerPermalink Reply by FXEF on October 11, 2010 at 14:45
The Wood 30 H #1 has been producing for 12 months. You can expect an 82% decline rate the first 12 months of production. Second year a decline rate of 45%, third year 30%, fourth year 22%, and fifth year 18%.
Permalink Reply by J.Shaler on October 13, 2010 at 2:39
How did you arrive at these percentages? If that is true the well will not be producing in the 5th year.

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on October 13, 2010 at 2:52
FXEF's decline percentages are in the generally accepted range. In addition to any follow response regarding your question I suggest that you search the archives for the numerous and detailed discussions on this topic using the key words, decline curve.

landownerPermalink Reply by ledlights on October 13, 2010 at 3:44
J. Shaler - as Skip says - there have been some informative discussions on decline rates. But the basic idea to understand is that each percentage stated refers to a percentage reduction of the production rate at the beginning of the previous year of prod.

So you do not arrive at 0 production nearly so fast - as in who knows 30, 40, 60 years?

landownerPermalink Reply by Checkmateking on October 13, 2010 at 6:15
Check your math.

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