i am still off guys! aaaargh
1 CF = 1020 BTU
MCF = 1000CF
MILLION BTU = $11.50
TOTAL BTU TO MCF =
1020000
HENCE MCF = $11.50*1.02
11.73
WELL IS FLOWING 300MCF
ASSUMES 10 WELLS AT 300MCF
HENCE 3000MCF A DAY
3000*11.73 =
35190
365.25 DAYS A YEAR
REVENUE PER YEAR
12,853,147.50
NET REVENUE INTEREST 65%
8,354,545.88
all take note......., page-15
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