Hi Bignote,
I don't think its quite that straightforward in production. I'm no Geo or Petro Engineer but, to commingle zones in a production environment may be challenging because there may be pressure differential between the upper and lower reservoir units which is too great to achieve efficient production from both zones if they are commingled in a single wellbore.
My guess would be that if both zones are productive you would have each horizontal either stacked (or staggered) depending on the spacing and frac design.
This picture is assuming a stacked 80 acre spacing design, for well cost drilling efficiency. You could stagger also I guess (be more expensive) but its all about reservoir engineering and drainage.
Right now its Woodford 0 (until refracced?) and Barnett 600 - so case 1 and NPV of say $1M on Capex of $2.4M/well
An IP 30 day will be the critical point I believe. May give inkling into whether the decline rate is similiar to the core Barnett.
Just guessing though.
When do we run out of money to spend? Cash end Mar= $3.642M with estimated spend this Qtr of $3M.
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