lets say they avg 30k for 60 wells
comes in at 1.8million for the 60 well program
cheap
and if we get 15 barrels a day from each(i would hope more!!!)
15x60=900 barrels a day @ sale price of $45(conservative) a barrel = $40,500 a day
payback will take 45 uninterrupted production days
after that its all cream
not bad, not massive, but better then 0bopd we had over the last year
i really hope those rates are higher tho!..
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