Oil/Condensate (Whole Barrels) | Gas/Casinghead Gas - MCF | ||||||||
---|---|---|---|---|---|---|---|---|---|
Prod Month
|
Commingle
Permit No. |
On Hand
Beginning of Month |
Production
|
Disposition
|
On Hand
End of Month |
Formation
Production |
Disposition
|
||
Volume
|
Code
|
Volume
|
Code
|
||||||
01/2019
|
0
|
0
|
0
|
540,063
|
540,063
|
02
|
|||
02/2019
|
0
|
0
|
0
|
490,500
|
490,500
|
02
|
|||
03/2019
|
0
|
0
|
0
|
505,374
|
505,374
|
02
|
|||
04/2019
|
0
|
0
|
0
|
470,063
|
470,063
|
02
|
|||
05/2019
|
0
|
0
|
0
|
537,678
|
537,678
|
02
|
|||
06/2019
|
0
|
0
|
0
|
479,142
|
479,142
|
02
|
|||
07/2019 | NO REPORT ON FILE |
Nice well - only a 10% max swing in rate assuming ZERO down time. It doesn't take much down time to lose some volume and give one an incorrect idea of depletion.
And without have the operator's records, there is no way to know.
Anyway, 3+ BCF in 6 months is pretty strong!
That's a H1 and a B1 together. The H1 is about four years old and the B1 is about a year old
OK - I should have known that.
So mechanical / operational with two wells could impact monthly volumes! And the older well may have some more decline component to production that the latest one
Here's all the production from #H 1 (unit=2 wells Nov '18), beginning in Feb 2016. This total doesn't included June so you have to add 479,142 for an actual total of 10,023,680.
The #B 1 well was turned to sales on Nov 7, 2018 so I credit everything Oct 2018 and before to the #H 1 well on my production spreadsheets.
Is there supposed to be a file attached with this info?
There is, sorry. I thought I loaded it this morning but apparently not. So I just tried it again (deleted) and the file won't load from the attach buttons below the reply box.
Something is not working right, I guess. I browse to the pdf file and it appears under the reply but when I hit "add reply" it is not there. I've done that twice today and nothing shows up with the reply.
See if this works. I turned it into a link with the "attach" button at the top instead of the buttons below.
For the month of June, XTO paid $2.24/ MMBTU for gas out of H1 and $2.23/ MMBTU for gas out of B1. They list the H1 as producing 191713.00 MCF and the B! as producing 287429.00 MCF.
I wonder why the taxes coming out of the B1 are exponentially Higher than those coming out of the H1? Almost 290× higher!
Mr. S - You mentioned how the taxes are higher for Keydets B1 than for H1. I noticed this as well and also the same thing for the Boll Weevils B1 compared to H1. In fact, the taxes for all of the newer Boll Weevils wells have been much higher than the original wells until the last two checks. On these, the severance taxes were low, similar to the original wells. Can anyone explain why the tax rate seems to vary so much. I like the lower taxes but there may be a day when XTO performs an audit and determines they were not taking the correct amount out and want it back. Any thoughts/opinions on this would be great. Thanks.
Oil/Condensate (Whole Barrels) | Gas/Casinghead Gas - MCF | ||||||||
---|---|---|---|---|---|---|---|---|---|
Prod Month
|
Commingle
Permit No. |
On Hand
Beginning of Month |
Production
|
Disposition
|
On Hand
End of Month |
Formation
Production |
Disposition
|
||
Volume
|
Code
|
Volume
|
Code
|
||||||
01/2019
|
0
|
0
|
0
|
540,063
|
540,063
|
02
|
|||
02/2019
|
0
|
0
|
0
|
490,500
|
490,500
|
02
|
|||
03/2019
|
0
|
0
|
0
|
505,374
|
505,374
|
02
|
|||
04/2019
|
0
|
0
|
0
|
470,063
|
470,063
|
02
|
|||
05/2019
|
0
|
0
|
0
|
537,678
|
537,678
|
02
|
|||
06/2019
|
0
|
0
|
0
|
479,142
|
479,142
|
02
|
|||
07/2019
|
0
|
0
|
0
|
498,565
|
498,565
|
02
|
|||
08/2019 | NO REPORT ON FILE |
XTO's price for gas in July was just $2.08! Man, that sucks! Sure hope it gets better
I suspect that it will for October and certainly November. It needs to get north of $2.50 for some operators but recent reports give the average Haynesville break even price as $2.30/mcf. That could be good or bad depending on how royalty interests view it. It keeps marginal operators afloat but just adds to the supply glut. It does show that operators continue to drive down their D&C costs. Which is of course bad news for service companies. Plenty pain to go around.
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