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Permalink Reply by Skip Peel - Mineral Consultant on February 13, 2020 at 14:28

Thanks,DJ.  Found this of some interest.

"Again, some encouraging early performance in contrast to some erroneous conclusions you may have seen drawn from state data featuring test rates in the first 72 hours of cleanup."

Makes me wonder if he was referring to this.

"Monday, February 3, 2020

Marathon Crowell #2 Result

The Marathon Crowell #2 completion result is about where I forecasted based on the offset production.  

COMPLETED 1/21/2020 AS AN OIL WELL W/ 210 BOPD; 1650 MCFD; 8200 FTP; 6063 SITP; 1300 CP; 18/64" CK; 3343 BWPD; 94% BS&W; 7857; GVTY 52 API; PERF: 16,157'-22,372'

Source: SONRIS

At these production rates, it's impossible to have positive economics at these DHC/CC costs.  At $1.82/mcf gas, natural gas is a tough place to be.  The gas-oil ratio is much higher than the wells on strike.  The API gravity at 52 is quite a bit higher than the adjacent well to the north (47).  The water cut, as forecasted, is very high.  This will be important to observe over the months to come."

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Permalink Reply by Skip Peel - Mineral Consultant on February 14, 2020 at 2:41

"At these production rates, it's impossible to have positive economics at these DHC/CC costs."

That is a direct quote from the Feb. 3 edition of the Tuscaloosa Trend blog.

The first quote, "Again, some encouraging early performance in contrast to some erroneous conclusions you may have seen drawn from state data featuring test rates in the first 72 hours of cleanup."  Is also from the blog on Feb. 12.

http://ameliaresources.com/blog/

 

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