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Permalink Reply by dbob on February 14, 2013 at 17:23

from the RRC website, production has been reported for the R. Dean Hay (SL) GU Well #1SL

2.7 BCF cumulative production from December 2010 to November 2012.  597 bbls of condensate, total.  

November 2012 was 54884 MCF or 1.829mmcf/day.    I think they are probably lumping production on both those wells into one report, and if that is the case, its not so great.  

Assuming $10 million per well, or $20 million total, and an average well head price of $3/mcf, they aren't even close to half way to payout.  

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Permalink Reply by mr. hydro on February 15, 2013 at 3:15

If that is the case then yes, both wells are poor producers. Perhaps N. Shelby can't compete with S. Shelby. Anyways, take a glance at the image I attached. It was listed on the old post and had the 1H&2H separate in production. Does the RRC allow 2 wells to be comingled as you suggest?

Thanks for sharing the information above!

Attachments:

• Royalty Checks.jpg, 100 KB

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Permalink Reply by adubu on February 18, 2013 at 16:01

dbob-- you are correct the 2.7 Bcf  is combined  total both wells with the Bossier about 55% and Haynesville 45% only thing you can say is "at least not dry hole" maybe get most of your money back over 20 years. But there are better things to do with your money

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