Replies to post #47084 on Worthington Energy, Inc. (fka WGASQ)

[xZx]

"for my reading pleasure"? it still can't pay for itself and (what would have been) mason's salary.

read the fine print -- less than 13 barrels per day is the "unrestricted flow rate". the oil production only increased 4% month over month. read it.

1845 barrels in one month = 61.5 bopd, which is LESS oil than in my earlier calcs. 8.35% of 61.5 is only 5.13 bopd. lol

this well can't even get its oil to shore. note the bold text below.

Total production and sales of gas recorded during the month were 11,477,000 standard cubic feet (scf),
an increase of 32% month to month and total production of oil was 1,845 barrels, an increase of 4%
month to month (1,912,068 scf and 308 barrels, respectively, net to Silvermere). The well was flowing for
73% of the time in February, representing a significant improvement on the previous month.
Flow rates were restricted at times due to partial obstruction of the choke with drilling mud and debris as
the well clean-up continued. When unrestricted by mud and debris, the well flowed at typical values of
700,000 scfpd and 155 bopd with a tubing head pressure of 2700 psi, in line with previous guidance. Oil produced during January and February has not yet reached the shore installation and sales meters
due to slow flow rates in the 20” line at the high pipeline operating pressure. The operator has advised
that it intends to reduce pipeline operating pressure to increase flow velocities in the pipeline and thereby
to deliver first oil sales.

volk did a great job booting mason and his crappy I-1 well imo.

[Habitant99]

They could have made more money with this well by putting a toilet seat on the top and saved the rental fee for the porta John.

You actually think this a remotely decent well??? You must be joking?