Latest BOEM data shows SM58 production in October down vs that of September I have assumed a further day of production. The breakdown of G1/G2 won’t be out for a week to confirm if this assumed decline is across both wells or just G1.
it appears continued and fairly uniform declines of 5-10% a month for G1 gas production (provides ~65% of current SM58 income). The company must be hoping for better wells in this field if they are contemplating G3/G4 as the next wells.
Ann: SM71 F2 & F4 Operations Update and SM69 E2 Production Update, page-59
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