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Mike, I estimate this well would have likely tested at 20+ MMcfd on a 24/64" choke. I am fairly certain this is a Bossier Shale completion.
By the way, this looks like an excellent well.
off topic: BUT is anyone else watching the price of Oil and Gas? Does anyone have a guess/opinion as to why gas is down or up pennies while oil is dropping by dollars?
Just wondering if this might be indicative of a move upwards of Natural gas prices after the market settles?
KOH, if you are referring to daily NYMEX gas futures this can be driven by speculators and/or persons in the market looking to hedge future gas sales/purchases. Daily cash prices for natural gas are a function of persons looking to balance their next day's deliveries/takes of natural gas.
The recent drop in crude oil prices is more a function of perception rather than fundamentals as global crude oil demand has not decreased.
I am watching the prices on the main page of the GHS site..and figured it was well head price
Guess I looking thru rose colored glasses..but its encouraging to me to see the price of NG hanging steady...and interesting that oil keeps dropping.
Of course I hoping NG prices will end up over $5 ...the pad and road and pits the drilling company prepared on my land is just sitting there...no drilling going on. If prices go up maybe they will come back and drill
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