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Re: DesertEagle post# 161203

Saturday, 05/08/2021 1:07:28 PM

Saturday, May 08, 2021 1:07:28 PM

Post# of 200740
Best wishes to you DesertEagle in your business shift to Oil/Gas & perhaps AG soon too.
you wrote:

According to public data from the IOGCC (Data Link) there are an estimated 777,357 marginal wells in the US of which 396,023 are oil and 381,334 are natural gas.
&
For an operator (using the average of 1.97 bbls/day from the current data), that would mean going from $128.05 to $4,993.00 per day/per well. This of course is based on currently reported results and national well averages. The potential benefit of treating wells with Catholyte should be obvious.


So is the potential for oil operators:
396,023 marginal oil wells x $4,993/day = $1.977 Billion/day?