Some of us are old enough to have seen this several times, different plays play out, nothing last forever but it’s amazing how some things last. I’ve got Wolfcamp wells on the south end of the ranch that are over 50 years old that still make a few barrels a day (enough to keep them running). I’ve got Canyon Sands Wells on the north end that come in with 300 to 400 barrels a day but drop of to 15 or 20 within a year. Our upper section Cline Wells north of town are comming in at 400 to 500 per day with some still holding over 100 after a year. The well we’re drilling now is for the lower level Cline and we’ll see what this one does. On the Cline wells we’re making good wet gas and allot of it.
Good data:
“I’ve got Canyon Sands Wells on the north end that come in with 300 to 400 barrels a day but drop of to 15 or 20 within a year.”
That’s maybe an average of 200 barrels a day for the year as it declines. That’s 73000 barrels at $80/barrel or $5.8 million coming out of a well that cost what, $15 million with infrastructure? These had better be rare.