As an estimate only....
So based on the 14,800 barrels of oil and 29,500 MCF and using the numbers from Dan Pech's challenge earlier in the week, the well has already produced close to $1.2M in revenue.
(14,800 x $70) + (29,500 x $4) = $1,154,000 (revenue).
Notes: 14,800 barrels assumes oil and not BOE, oil at $70 and gas at $4. Result is revenue before costs etc etc.
Anyone else care to take a shot ? Happy to be corrected.
Ann: Jewell Well Early Flow Exceeds Pre-Drill Estimates, page-52
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