The SWISH acreage reserve mix is 30% oil, 30-40% NGLs, 30-40%...

The SWISH acreage reserve mix is 30% oil, 30-40% NGLs, 30-40% shrunk gas after NGL extraction.

The POO is very important in the first 3-5 months of production in terms of well payout's , as that is when the oil % of the production stream is highest. Oil exhibits the steepest initial declines. A very important and unheralded factor in the well economics is the richness of the raw gas stream , containing 80-120 barrels NGL per 1 mmcfg ( the gas volume shrinks when NGL's are extracted)

For, example , 1 MMCFGPD dry at a Henry Hub gas price of US$ 6 per m cf delivers gross revenue of US$ 6000 per day.

1 MMCFGPD at the same HH price, 100 BNGL/MMCFG at US$50 per NGL will produce 100 barrels NGL, and 0.7 MMCF shrunk gas. Revenue stream will produce US$5000 per day in NGL revenue, and us$4200 per day in gas revenue, or US$ 9200 per day.

Cheers

Dan