InvestorsHub Logo
Followers 29
Posts 2390
Boards Moderated 0
Alias Born 11/29/2006

Re: trupm007 post# 33512

Friday, 03/11/2011 8:21:53 PM

Friday, March 11, 2011 8:21:53 PM

Post# of 45178
Trupm007, if you really want to know what is going on with the wells you should look. Don't trust me or anyone else for data except the official reports filed with the State. These reports are auditied monthly with a pretty good audit system. Your question led me to recheck the data and try to see why production numbers are falling and the answer is:
In addition to normal decline, producing leases are disappearing out of the BDGR inventory and showing up on other company's inventory. The latest was 25 producing wells on the NOEL ESTATE "A" lease which now belongs to J. KIRIN OIL & GAS LLC. effective 02/01/11.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=33909%20
I don't remember the company telling us about this. Towards the end of last year they had disposed of a bunch more and I posted it here as well.
In other words, February numbers probably will be lower still.