Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on January 25, 2013 at 10:33

Click on the spreadsheet for a better view.

Permalink Reply by tony allen on January 25, 2013 at 10:53

Thanks Skip!

Permalink Reply by ddozier on January 25, 2013 at 11:02

Looking good and gettin better. New reality show Drill Daddy. Starring union parish folks...lol..I'm just kidding really... Thanks skip...

Permalink Reply by tony allen on January 25, 2013 at 16:51

It looks like the Dean well decreased production over 50% oil and gas in a short period of time after holding up very well for over 90 days. I wonder if SWN  choked it down or shut it in?

Permalink Reply by Sarah Randolph on January 26, 2013 at 3:42

Are the above numbers economical with the current market for oil and gas or is there still not enough information? Thanks for posting.

Permalink Reply by Skip Peel - Mineral Consultant on January 26, 2013 at 3:49

Sarah, we can't tell without knowing the choke settings.  The erratic nature of the production reported tends to indicate that SWN has been flowing the wells under varying conditions in an attempt to learn more about the reservoir and to model a decline curve.  We will have to wait for the Final Completion and Allowable reports to know more unless SWN makes a public announcement before the reports are posted to the database.  It shouldn't be long now.

Permalink Reply by Big Little Oil on January 28, 2013 at 3:58

Skip, why are you leaving out a day in each of your 'number of days' denominator?

Permalink Reply by Skip Peel - Mineral Consultant on January 28, 2013 at 4:01

BLO, I'm not.

Permalink Reply by Bubba on January 28, 2013 at 4:30

Skip, I have been running economics on these wells on a weekly basis as new allowables come out even though it's very pre-mature. Like BLO I was under the assumption the allowable period was inclusive of the beginning and ending days. I had not seen any gas rates so that was very helpful. Appreciate your input. 

Permalink Reply by obed w odom on January 28, 2013 at 4:31

BLO,

I think you're right that the date range should be inclusive of both the start date and the end date. Otherwise a day is missed between each reporting period.

Permalink Reply by Skip Peel - Mineral Consultant on January 28, 2013 at 4:40

These are 24 hour periods.  Pick any time on a given day and that time on the following date represents a day, 24 hours.  Therefore a reporting period of 1/12 to 1/16/2013 is 4 days, 96 hours.

Permalink Reply by obed w odom on January 28, 2013 at 5:44

I can't argue with that, but I think they mean 1/12 through 1/16 instead of 1/12 to 1/16, and I interpret the former to be 5 days. Otherwise, they are systematically skipping a day from one reporting period to the next. Someone should ask DNR.

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