Some still don’t know when or where Breitling was originally formed, or how long they have been a public company.
Well that wouldn't be me. I have always known that CF was involved in an Oklahoma corporation with Breitling in its name going back to 2004. I also looked up when the corporation that is now BECC was chartered. Definitional thing which actually is supportable by SEC filings. Type in Breitling Energy and look how far back the filings go on the SEC website. I also know when Breitling Oil and gas was chartered in Texas and, additionally, I noticed when BECC started its push to be noticed publicly. It's all in the internet archive. I also knew in December 2013 when Bering bought Breitling's assets with stock.
Basic research into Sterling County, that includes the CWEI parramore 66, only goes to show that a combination of underperforming offsets from the original well, combined with almost two years of unfavorable $WTIC prices jeopardize the overall profitability for Clayton Williams.
I don't know what you are saying here. No well operated by CW was profitable, as in paid out, to 100% interest in Sterling County during some of the best oil prices ever. You have already said that RRC production data is useless. You are wrong about that and I really don't know where you got that idea. BTW, new production figures are out for BECC wells in Sterling County showing continued decline. I know you think they might jump up to 200 BOPD, but it just ain't so. What was the term for what you are doing? Oh yeah, grasping at straws.
It does not mean that wells currently being developed, with newer technologies and enhanced recovery methods, will yield those same results for Breitling’s direct investors in Sterling County.
One of the differences between you and me is that I know what new technologies are out there and what has changed over the past couple of years. I also know the state of EOR in the area. But it is a straw to grasp at. You are sounding like CF here, vague references to technology that other companies might use on other wells.
In fact, a modest recovery in $WTIC prices could yield nice returns for Breitling’s JV and JI partners.
Do you have a basis for that statement? Now we are in the virtual straw area.
All the talk about "painting the tape" is not interesting to me and I was never involved with that, but if you want to discuss oil well economics, I am quite interested in doing that.
