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Chances of success in the Sacramento Basin?3 percentThe most...

  1. Jenduplex
    72 Posts.
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    15/02/21
    11:12
    Post #: 50987528
    Chances of success in the Sacramento Basin?

    3 percent

    The most active period of exploration occurred between 1960 and 1980. About 2,300 wells were drilled to depths that ranged from 3,000 to 10,000 ft, with several wells approaching 20,000 ft. The dry hole ratio is 35:1 (2,600:75) or a success rate of almost 3 percent (table 9.1).
    SGC Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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