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Re: CSykes post# 10495

Tuesday, 05/01/2007 11:39:05 AM

Tuesday, May 01, 2007 11:39:05 AM

Post# of 132530
If we could find an avg for the time it takes to rework an old well it would add a lot to the accuracy of some estimates also. We could estimate the time it would take to put all the wells they have into production.

I'm also hoping that the company has some method of doing a cost/benefit analysis for each well. Depending on the data they have access to from the original drillers pertaining to each well, they might know the depth, etc of each well...the original production parameters, quality of the oil it extracted, etc and come up with some sort of risk analysis.

Some wells may be determined not to be worth the 'risk' of reworking if it crossed their predetermined set of rules in the analysis.

I think an experienced TEAM would have this info to up their odds for maximizing their overall profit margins.

GLTAL




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