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localoil

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localoil

Re: LGL8054 post# 6344

Friday, 06/08/2007 5:32:05 PM

Friday, June 08, 2007 5:32:05 PM

Post# of 45174
Just one problem.

"5000 bo = 64.94% of production (said shipped)
7700 bo = 100.00% production

450 wells producing ( 5000 by 450 = 11.12 bo day )average per well.
( you cant figure the net )what is WI and NRI ?"

The figure you arrived at is by dividing MONTHLY production, so the 11.12 bbl oil figure is per well per MONTH, not per well per day.
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