Looking good. The average residential electricity rate in Colorado is 15 ¢/kWh, which is 21% lower than the national average rate of 19 ¢/kWh1. The average residential electricity rate in Colorado is 11.46 ¢/kWh, which is 3.54% less than the national average residential rate of 11.88 ¢/kWh2. The Colorado residential electricity rate in 2024 currently averages 14.85 cents per kilowatt hour, while the national average price is 16.35 cents3. Crude figures= ~ $985,000.00 /A /750kva unit. This is of course not achievable but at say 70% it's good income plus it increases oil production. Very curious to know what's contained in their deep zone that for some reason unknown to me they cannot test. NB the above is pure conjecture but someone who knows what he's talking about could offer a much better idea of what income to expect.
AXP Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
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