Agree with the revenue number in the quarterly
@peto2810 . I am pretty sure they will follow their normal practice where they differentiate their production which be included as an accrued item, and cashflow from production where it is treated on a cash basis and paid in arrears . So it is unlikely any cash from Jewel will be included the quarterly revenue number.
We can have a stab at what the monthly production number will be from the production numbers they have released.
We know from the announcement of the 24/9/21, the well had produced ~14800 barrels oil and ~ 29.5 million cubic feet raw gas, and was producing at 1238 BOED and increasing . Earlier calculations showed the gross well production from the flowback commencement on Sept 2 till the 24/9 was:
14800 barrels oil
4130 Barrels NGL's
17.7 million cubic feet gas
At flow rates of:
792 BPD of oil
260BPD of NGL
1.12 MMCFGPD
The flow on the 5/10 increased to 1348 BOPED for which the simple average between the 24/9 and 5/10 works out to be:
800 BOPD
288BNGLPD
1.24 MMCFGPD when produced over the last week in September gives:
5600 barrel oil
1820 Barrels NGL's
8.7 MMCFG
So IMO the gross Sept quarter production from Jewell will approximately be:
19400 barrels oil
5950 Barrels NGL's
26.4 million cubic feet of gas.
BRK's 42.5 % WI share will approximately be
8245 barrel oil
2529 barrels NGL
11.2 million cubic feet of gas ( or ~18.7 million cubic feet raw gas produced prior to NGL extraction)
This compares to the previous quarter BRK non Jewel production of ~1505 barrels oil and 65 million cubic feet of raw gas.
The December quarter production and revenue numbers will grab a bit of attention, but nothing compared to the June 2022 quarter when we should start to see the effect of Rangers on production and cashflow.... and then there will be Flames a few months after that. If the Rangers and Flames wells flow numbers are analogous to the Jewell, with the higher WI, (even with taking declines into account) BRK should be delivering net production from the well heads at close to 3000 BOPED sometime late in the second half 2022, from just 3 SWISH DSU operated wells..... a mouth watering proposition.
And again I make the point... This will be all BRK organic production, from concept to delivery and a truly remarkable achievement by the BRK/ Black Mesa teams.
Cheers
Dan
(20min delay)