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Bakken Participating Wells...thru January (Sold)Barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency conversion ratio of 6:1, utilizing a conversion on a 6:1 basis is misleading as an indication of value. Previous Net BOE (sold) Production reports have been calculated using a Gas Equivalency (Energy Equivalency Conversion) Ratio of 6 to 1... The NDIC publishes the current Ratio on approx the 16th of each month... All future reports will use the current ratio...with previous months having been reworked.... Zavanna....18 wells @ approx 12.33 % Average NRI Month..Oil........Gas....GER...Gas Eq.. BOE...Net BOE (sold) May....27001...29089...24:1...1212.....28213...3479 June...25493...29718...21:1...1415.....26908...3318 July.....27088..13859....25:1....554......27642...3408 Aug....24592...20280....25:1....811......25403...3132 Sept...23548...35337....25:1...1413.....24961...3078 Oct.....30742...27877....21:1...1327.....32069...3954 Nov....26719...37489....23:1...1630.....28349....3495 Dec....23008...38199....31:1...1232.....24240....2989 Jan....26304...34386....34:1....1011.....27315....3368 Whiting Petroleum Link 24-12-3H....1.6% WI Month.....Oil.......Gas...GER..Gas Eq..BOE....Net BOE (sold) June...21770...32646...21:1...1555....23325...373 July.....11848...12494...25:1.....500....12348...198 Aug......7505.....5786...25:1.....231.....7736....124 Sept...17094...11586...25:1.....463....17557....281 Oct.....15468....9122....21:1.....434...15902....254 Nov......7143....7319.... 23:1....318.....7461.....119 Dec......9237....8258.....31:1....266.....9503.....152 Jan......4428....3384.....34:1....100.....5016.......80 Whiting Petroleum Link 24-12HU....3.1% WI Month.....Oil.......Gas...GER..Gas Eq...BOE..Net BOE (sold) June...17124...21567...21:1...1027....18151...563 July.....15497...11225...25:1.....449....15946...494 Aug......8228.....8600...25:1.....344......8572...266 Sept...17121...19339...25:1.....774....17895...555 Oct.....19079...18834...21:1.....897....19976...619 Nov......3679.....6055...23:1.....263......3942...122 Dec....13968...21444...31:1.....692....14660...454 Jan....15306...20408....34:1.....600....15906...493 Petro-Hunt...6 Pirate wells @ 3.67% WI Insignificant Petro-Hunt 24 Combined wells (Caper, Talon, Mongoose, Slugger, & Excalibur) @ approx .58 % WI Insignificant New Horizon...4 wells @ Approx 63% WI Month...Oil......Gas...GER..Gas Eq...BOE..Net BOE (sold) Jan.......635....606.....34:1....18.........653.....411 Total Net BOE Sold May...3,479 June..4,254 July...4,100 Aug...3,521 Sept..3,914 Oct....4,827 Nov...3,736 Dec...3,595 |
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Msg # | Subject | Author | Recs | Date Posted |
6582 | Re: Bakken Participating Wells...thru January (Sold) | realinvestmentstrategies | 0 | 4/10/2020 4:52:26 PM |