Petrotech Oil and Gas, Inc. (PTOG)

[kentonmag1]

How many barrels per day does a good oil well produce?
In: Oil Wells and Fields

Answer:
The best produce more than 100,000 barrels per day (1 barrel=42 gallons). Most produce less than this, and can produce as little as 100 barrels per day. A "good" well comes down to economics. It should be making enough money to offset the time, effort, and energy costs to keep it running and be producing sufficently to warrent keeping the equipment dedicated to it. Otherwise the equipment should be moved to a more economically viable well which will yield a greater profit margin.

PTOG - just bought 5 wells Producing 180 barrels per month. I'm sorry but they wont be getting rich very quickly!!!!