On December quarter production numbers (using Oil $74, Gas $1.87, NGL $39.08 (assuming 50% of WTI $78.16))
Note my $ numbers are at a point in time, rather than some average over the actual quarter. But gave me some comfort when i was concerned about the Gas price.
72% of Production $ is Oil.
22% of Production $ is Nat Gas Liquids.
6% of Production $ is Gas.
On that basis, gas prices down at crazy low prices aren't really material in the scheme of things, they are a nice earner, but its much better to focus on the Oklahoma Sweet, and WTI prices.
I'm off on holiday tomorrow and won't have access to my spreadsheet and calculations, so no pretty graphs and not much commentary from me for a while.
Ann: Flames-Maroons Development Multi-Well Drilling Update, page-4
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