InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,277.51
(
0.80%
)
US TECH 100
18,140.40
(
0.62%
)
Dow Jones
38,686.32
(
1.51%
)
Brent Oil
81.24
(
0.54%
)
Bitcoin
68,921.48
(
1.73%
)
Post# of 4188
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

FM II

Send PM Follow Ignore
Followers 0
Posts 248
Boards Moderated 0
Alias Born 06/30/2015

FM II

Re: FM II post# 3783

Thursday, 03/24/2016 10:05:05 AM

Thursday, March 24, 2016 10:05:05 AM

Post# of 4188
Reaper is correct on some points. I made a mistake about the location of Andrews County. Didn't spend enough time on it, I am afraid. I narrowed the well set to those near the Breitling wells in Sterling and Glasscock. There are 18. The currently producing 16 wells are not commercial now, averaging 2.5 BOPD per well, but assuming prices will improve and some per-well rates will improve because of abandoning some of the worst wells, the ultimate recovery from these 18 wells should be around 28 MBOE per well. These wells are actually worse the original set.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up