Let try again. Please correct me if you have a different number.
1 cubic feet = 1000 btu
1 million Btu = $3.10 (Henry Hub current price)
5 million cf/day = 5 trillion Btu x $3.00/mBtu = 5000 x $3.00 = $15 000 per day at 5mmcfd or $15000 × 360days = $5.5 m a year for 20 years life of a well.
Yes it is low. And we pray that flow rate will be multiple higher than 5mmcfd. Otherwise UK shale will be economically caput.
3 fracced stages vertical well at Preese Hall produced 500mcfd or 0.5 million mcfd. PNR has 45 fracced stage vertical. That is 15 times fracced stages so there is a good chamce it will hit the bench mark 5mmcfd.
