crucial fact

I cant believe some of the posts i just read... anyway

The biggest single thing not being talked about enough is the MULTI STACKED PAY ZONES.

Lets take the 21 wells drilled on blue ridge. last quarter.

They discovered 361 sands with 'oil shows'
Of these sands 223 were cored 'oil productive'

That is over 10 oil zones per well. that means that at a bare minimum these 21 wells will require 202 work overs in there lifetimes.

Maverick often don't produce from the best possible zones they start from the bottom and work up the well.

So you may have a well producing under 10bopd but it DOES NOT MATTER! all this ZONE has to achieve is to pay off the cost of working over the well for the next zone.

And Paul the Reason Production can outpace decline is because the zone in an individual well can be changed up... So they literally act as a new well for only a fraction of the cost. And dont add to the well count.

If anyone still has a problem getting there head around that fact than i am at a loss!


Cheers.