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Re: None

Monday, 01/24/2022 11:47:51 AM

Monday, January 24, 2022 11:47:51 AM

Post# of 41366
At Annie Gilmer site, $AGYP pumps are producing between 160 and 300 barrels of total fluids daily. They have a 2.5-5% oil cut. A newer and more powerful electrical submersible pump (ESP) is designed to handle 1,500 barrels of fluid daily. At a 2.5% oil cut, that's 37.5 barrels daily or 13,687.5 barrels annually. At a $80 price per barrel, that's $1,095,000 annually.