I have a question regarding CC providing sustainable production throughout the whole year.
After Marion announced production from three wells on January 16th, we found that the weather can interrupt the ramp up to full production.
Does this mean that each year, if the snow falls deeply, that production will cease?
If production ceases, does this cause the need for a new round of de-watering before full production is achieved again?
Supporting Company announcements below -------------------------------------------------
Announced on March 26th:
"It was originally anticipated that Clear creek production would be on full capacity by mid January, but the most severe winter storms encountered over the past ten years were experienced in the Rocky Mountains and in particular in Central Utah, resulting in Marion’s plans being set back several months. However, winter is virtually now over and further weather related interruptions of any length are unlikely."
Earlier in the same report, they announced:
"The Ridge Runner (“RR”) 13-17, 11-17, 11-20, 1-30 and 2-19 wells have been connected to the permanent pipeline and are now delivering and selling gas into the distribution grid. Production levels are expected to further increase and then stabilize within the next two to three weeks, as the water which is always associated with initial production in the Clear Creek wells is pumped down to below the perforated interval."
MAE Price at posting:
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