This is the equivalent of saying 85.9% more of a penny is .0185 which equates .02 or 2 cents. Insignificant and embarrassing for a public company (TECO) with several wells.
476 Barrels per month or 476/30 = 15.86 barrels per day for several high maintenance wells is embarrassing. If this were a mommy and daddy single well in a backyard than ok but it's not.
FACT: TECO's Texas oil production increased 85.9% from January to February
Monthly Production for last 3 months (in bbls): December: 180 January: 256 February: 476
Obviously, there is still a ways to go, but this ship is headed in the right direction.
Verify the #'s for yourself at this link.
Under the "Production by Filing Operator" section, select "Oil Lease" and enter the Operator Number: 120104.
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