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This brings me to some questions I have - what does "well potentialed" with a code of 08 mean. Also, why is there a daily measurement when a well is completed, like 12,568MCFD. Also a choke of 20/64. If no regulatory limit could the operator open the choke to 64/64. Is the choke a way of keeping the gas in the ground waiting for higher prices.
Bob, it simply means the operator has filed the Louisiana State Potential Report with the Office of Conservation. The information included in the filing is the initial well production test data (rate, pressure, choke size, etc). Flow rate during this initial 24-hour well test is reported as a daily flow rate (Mcf/Day).
The operator could open the choke to a larger setting but would run the risk of damaging the formation and/or downhole equipment. As the well depletes the operator will gradually open the choke over time as the flowing pressure decreases.
The operator could reduce the choke size as a means of reducing production during low natural gas prices but there has not been indications of this occurring.
Thank for the information, appreciate it.
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