Talking about #6 which is pumping 6.5bbl/day It's daily avge over the year to date is a gushing 4.5bbl/day
Yes Steve you are spot on ! the outlook is very promising. At current oil pricing, these wells are expected to pay out in just a few months.”
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"Stephen Graves, Executive Chairman, said; " We believe the high flow rates are due to our well plan which had us drilling deeper than other wells in the area; the concentration of the fracture stimulation program within the Wolfcamp formation, along with applications of the latest stimulation technology. All of these decisions have most likely contributed to the outstanding production rates we are seeing. With over a 100 wells to drill, the outlook is very promising. At current oil pricing, these wells are expected to pay out in just a few months.”
GGP Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held