As far as estimating gas production #s for the 135 days in 2007 for the Chandler(Graces) and all year long for the Warren & Janssen. I used 1/3 for oil & equipment sub. revenue & 2/3 for gas($225,300). Avg. wellhead price of gas in January thru April(135 days) 2007 was $6.60/mcf = 34.14 MMcf or 253mcfpd. Question: do I need to place a recovery rate figure in the equation?
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