Foothills Exploration Inc (FTXP)

[FTMan]

Doing DD on FTXP - from the technical report for those interested...

To increase well productivity, Foothills plans to install plunger lift on the 18 producing wells in the PoR field and anticipates a 33% uplift in gas rate. Plunger installation increases the gas production rate but leaves the technically recoverable gas volume unchanged. For each producer, a new, steeper exponential declinerate was calculated from the assumed 33% uplift in rate, the unchanged technically recoverable gas volume, and the same 50 mcf/month abandonment rate.Foothills plans to install the plungers at the rate of one well per month beginning in September of this year, finishing in February of 2021. In addition, Foothills plans to acidize four low rate PoR producers to increase productivity when the wells are down for plunger installation. Based on acid jobs in similar wells, Foothills anticipates a doubling of the gas rate.

I do production maintenance in the bakken last 8 yrs. will be interesting to see what comes of these 15-30 yr old leases ftxp bought up