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Sorry - meant to say - frac equipment was pulled out Fri the 18th.
Just got back from the location - dang less than a mil:( right now dual 1/8's IIRC only a measly 993,000 ?!?
STS is on-site - nice folks - think I'll take them some nice snack tomorrow. I like nice folks!
FB started yesterday eve.
OK Shalers - I've spent time posting now help me out PLEASE
what does this mean ??
expected final lease acres
$$ per next 6 mos, 1 year and 5 years
I don't ask fer much
Now things are getting exciting!
touch under 5mil on dual 24s pressure good for the cv and bldg
Can some pls help me with the math
at $4 gas and a 4.8mil flow that's $4x48,000,000x??? per day ??
all this mm btu stuff makes my head hurt
6x24x100 i can do but
You've gotta give your net mineral amount, plus your royalty on your lease before anyone can estimate possible income. Either way, seems like a well that's on par with the Hancock-Smith, which is a horse.
This lower Cotton Valley zone in Southern Panola is better than any other "play" in the area. I hope it takes off for everyone.
Thanks - what I was trying to estimate was the total gross revenue/day
So the oil is easy - say 10bbl/hr and $100 oil then its $24,000/day
So 4.8mil at $4 gas is 4x$4,800 = $19,200/day ??
I'll update in a couple of days
Just got the division order for the Twomey 2H
Got ours Saturday
Talked to STS Saturday as well and they should be gone by now - dosent look as good as the Hancock-Smith but still a good well.